Oil markets await non-OPEC deal... Global inflation set to rise following Chinese PPI...
The current rise in oil prices and the boost that it’s giving the markets is unlikely to last according to analysts.
The University of Guelph’s Food Institute has published its revised report on food inflation which reveals that Canadian households will be spending between 0.7 and 3 per cent more for their food this year.
WestJet Airlines has posted a record profit for quarter four with a 33.8 per cent surge to $90.7 million.
Figures from Statistics Canada show that the Industrial Product Price Index decreased 1.6 per cent in December.
Canada Bread Company has acquired the Saputo bakery business from Saputo Inc for C$120 million.
Oil above $50, energy stocks rebound... Alibaba wants to lend money to US businesses... Super Bowl audience breaks record... S&P reaches deal over inflated mortgage ratings... Gartman gives his opinion on the President’s budget... Radio Shack shares suspended...
A rally in the oil price has pushed the Toronto Stock Exchange to triple-figure gains today.
Last week’s weaker-than-expected GDP figures were compounded today with PMI data showing that factory output in January was disappointing given expectations from the lower-value dollar.
US bank JP Morgan Chase today issued a chilling warning on the impact that Canada will feel from the collapse of oil prices.
The hot market for condos in Toronto is expected to slow down according to research firm Urbanation.