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The surplus that’s expected to be confirmed by Alberta’s government later this month will provide extra spending in the province’s infrastructure.
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Stocks in the banking and natural resources sectors gained today pushing the Toronto Stock Exchange to a positive close.
Fourth quarter net income for Canada’s largest producer of heavy oil and natural gas almost tripled, giving earnings of $1.09 per share.
A report from RBC says that household debt grew by 4.6 per cent in January, the fastest growth in 2 years.
The quality of jobs in Canada is at a record low according to the CIBC employment quality index.
The date of Alberta’s budget has been announced; March 26.
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The Bank of Canada has decided to keep interest rates at 0.75 per cent and said that the conditions following its surprise cut in January are in line with its expectations.
Stephen Harper told reporters today that oil prices won’t stop growth in the economy but acknowledged the concern of those in Alberta.