Inflation beats expectations for March
March’s inflation figures have exceeded expectations of analysts and even the Bank of Canada.
Canada went shopping last month
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.
Ottawa budget to balance a year early
The federal budget will balance a year earlier than expected according to a report by the parliamentary budget office.
Retirees may see new rules for RRIF
Registered retirement income funds may be overhauled in the federal budget next week according to the Canadian Press.
Canadian banks work together as Apple Pay approaches
Canada’s big banks are working together as Apple plans to launch its payments system here.
Rogers Media president to leave for golf tour
Keith Pelley is to leave his post as president of Rogers Media to take up a role as commissioner of the European Golf Tour.
Daily Market Update
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...
TSX falls on profit taking
The main index of the Toronto Stock Exchange declined on Thursday as investors chose to take profits after strong gains in the previous session.
Ontario to sell off most of Hydro One, introduce new beer tax
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.
Higher cable TV bills on the way say experts
Convergence Consulting Group says that 95,000 Canadian households opted to cut the cords on their cable services last year and this year will see even more ditching cable TV services or opting for cheaper packages.