Market talk

  • “There will be blood” from oil price slump says JP Morgan

    US bank JP Morgan Chase today issued a chilling warning on the impact that Canada will feel from the collapse of oil prices.

  • Slowdown in housing market predicted

    The hot market for condos in Toronto is expected to slow down according to research firm Urbanation.

  • Proxy solicitation firm to exit Canada

    Proxy solicitation firm Georgeson is to pull out of Canada with dozens of jobs being affected.

  • Daily Market Update

    World markets mixed on global economy concerns... Oil falls on US refinery strikes and weak Chinese data... Regulators to probe Moody’s over credit ratings... US companies exposed to Venezuelan economic crisis... Obama plans to tax overseas income...

  • Energy stocks rally but economy slows, banks downgraded

    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.

  • GDP fell in November

    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.

  • Downgrade for three major banks

    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.

  • Federal budget posts $622 million surplus in November

    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.

  • Young Canadians tempted to become property owners

    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.

  • Daily Market Update

    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...