Market talk

  • Manufacturing rises in December

    New figures from StatsCan show that manufacturing sales rose 1.7 per cent in December, despite a 9.3 per cent drop in sales of petroleum and coal products (without that sector there was a rise of 3.2 per cent).

  • Swiss Chalet owner to go public

    Cara Operations has announced that it is to become a public company again; more than a decade after it delisted.

  • Canadian farmers had a record 2014

    Canada’s farming sector enjoyed a record income of $14 billion last year according to aggregate net cash income projections from Agriculture Canada.

  • Daily Market Update

    Optimism returns to world markets on Ukraine, Greece, Oil, Jobs... China’s smartphone giant coming to the US... CBS-Viacom tie-up? No says Moonves... Costco deal with AmEx will end this year... Expedia buys Orbitz...

  • Oil prices offset by insurance losses on TSX

    Brent crude edged higher today exceeding $59 a barrel giving a welcome boost to energy stocks however insurance firms Manulife and Sun Life posted weaker-than-expected quarterly earnings with the losses in that sector.

  • Bombardier CEO change, debt plans spook the market

    Investors sold-off shares in Bombardier after the Montreal-based firm announced that its CEO Pierre Beaudoin will step down from the role tomorrow (Friday) and become executive chairman with Alain Bellemare taking over as chief executive while long-term fixture Laurent Beaudoin will retire.

  • Cenovus cuts jobs following quarterly loss

    Oil producer Cenovus has reported a quarterly loss of $472 million for the last three months of 2014, amounting to 62 cents per share.

  • Oil capitals face housing correction says TD

    Calgary, Edmonton and St. John’s, Newfoundland are set to be hit by a housing correction over the next 12-18 months as the oil industry’s decline filters down to consumers.

  • Husky Energy cuts capital spending plans

    Husky Energy announced today that it is planning to cut its capital spending by up to $400 million in response to the downturn in oil prices.

  • Toronto attracts more visitors

    Tourists flocked to Toronto in record numbers last year according to data from Toronto Tourism.