Oil slips as stockpiles increase, TSX jumps anyway... Interest rates held as stronger global economy is forecast... Debt, delinquency rates rise in oil producing provinces...
The Toronto Stock Exchange benefitted from oil prices today as crude surged 8 per cent on news that US shale producers are cutting back production.
New figures from Statistics Canada show that the economy declined in November as weaker manufacturing, mining and the extraction of oil and gas meant GDP fell by 0.2 per cent.
Barclays Capital has downgraded its ratings of three major Canadian banks citing weaker oil revenues, a slower economy and an expected decline in growth of their lending business.
Ottawa hit a budget surplus of $622 million in November as tax and other revenues increased by $971 million and program expenses dropped by $75 million.
A new report from the Bank of Montreal shows that more young Canadians are considering become homeowners as lower interest rates make it even more attractive.
Markets open higher after Wall Street surge... GDP expected to be higher due to consumer spending... Visa payment volume jumps 11 per cent... Google misses expectations... American families lack financial stability...
There was no let up for the price of oil today as prices bounced around the $45 mark so once again Canada’s energy sector is among the stocks ending lower along with metals producers.
Controversial it may be but today the US Senate voted to force through the construction of the Keystone XL pipeline by 60 votes to 36.
Average weekly earnings of non-farm payroll employees saw just a one dollar improvement in November from October’s rate of $941.
Investors in Canadian Oil Sands will be getting 86 per cent per share less per quarter after the firm cut payments due to the weak oil market.