Oil, jobs help TSX to positive end to the week... Canadian labour market flat, unemployment down... Canadians keep buying cars...
Oil prices, economic concerns and profit-taking all conspired on Friday ending week with nearly all the major global indexes in negative territory.
March’s inflation figures have exceeded expectations of analysts and even the Bank of Canada.
As well as higher inflation figures, StatsCan released retail data on Friday which revealed that after two months of decline sales were up 1.7 per cent in February.
The federal budget will balance a year earlier than expected according to a report by the parliamentary budget office.
Registered retirement income funds may be overhauled in the federal budget next week according to the Canadian Press.
Canada’s big banks are working together as Apple plans to launch its payments system here.
Keith Pelley is to leave his post as president of Rogers Media to take up a role as commissioner of the European Golf Tour.
NYSE closed flat Thursday; Oil slips back on OPEC output... Another 11,000 jobs go at oil industry manufacturer... US firms more confident as banks report increase in credit line use... Banks could use municipal bonds to meet liquidity rules... High earners are living paycheck to paycheck...
The main index of the Toronto Stock Exchange declined on Thursday as investors chose to take profits after strong gains in the previous session.
Transit construction plans by Ontario premier Kathleen Wynne will be helped along by the sale of 60 per cent of the province’s Hydro One electricity utility and licences for hundreds of grocery stores to sell beer which will face a new tax.