Positive finish for the TSX but commodities remain weak... HSBC warns on debts, house prices... Green light for Keystone XL…maybe...
Markets anticipate Yellen’s speech... Banks investigated for possible rigging of commodities prices... OPEC emergency meeting now unlikely... Obama calls for curbs on retirement fund brokers...
By now it’s an all-too-familiar scenario; the oil price declines, energy shares suffer and drag the Toronto Stock Exchange lower.
Investors are increasingly cautious of Canada’s big banks with financial stocks suffering as a result.
President Obama will carry through his threat to veto the construction of TransCanada’s Keystone XL Pipeline.
The Scotiabank commodity index has plummeted to levels not seen since 2007.
Royal Dutch Shell has scrapped its plan for its Pierre River mine north of Fort McMurray due to the weak oil prices.
Toronto’s streetcars that are being built by Bombardier will be delivered faster than the current schedule has done.
Positive start to the week’s trading... Markets anticipate Yellen’s testimony... More oil workers join strike... Apple to make largest European investment... West Coast ports get back to business after labor deal... Merrill Lynch takes steps to stop brokers taking clients... Canada’s Valeant to buy Salix Pharmaceuticals...
Weak data on retail sales and an increased likelihood of a further cut in interest rates led to a pessimistic day at the Toronto Stock Exchange.
Retail sales fell in December by their largest margin since 2010.