Markets await ECB... Oil stabilizes but Russia says it won’t order firms to cut...
Energy stocks led gains on the Toronto Stock Exchange on Wednesday as figures from the US show a slower pace of output.
The Bank of Canada has kept interest rates on hold at 0.75 per cent with an assessment that the impact of the oil crisis is starting to ease.
Data from Statistics Canada shows that manufacturing declined for the second month in row in February.
Real estate brokerage Royal Le Page says that the Canadian housing market has hit the predicted soft landing with price increases now slower-than-normal.
Toyota announced on Wednesday that it is investing $1 billion in a new plant in Mexico and will move production of its Corolla sedan there; ending a thirty year run of being made in Canada.
Wall Street closed higher as earnings season begins... Prices not forecast to cut US oil output... Google faces tough battle with Europe... Fast food workers set to protest against low wages...
The Toronto Stock Exchange fell across most sectors on Tuesday as investors opted for profit taking.
The International Monetary Fund has downgraded its outlook for Canada’s economy.
The interest rate cut in January which led to cheaper mortgages has given house prices a boost according to the Teranet HPI.
Canada could follow around 40 countries including France and the UK in joining the new Asian Infrastructure Investment Bank.