TSX closes flat despite gains for energy, materials... Nortel creditors could soon see some cash... Oil could hit $65 Bonterra chief says...
Oil has plunged to a new six-year low on reports of higher levels of supply from the US and Libya.
Crossing the border between Canada and the US should be speeded up and simplified after a customs pre-clearance agreement was signed by both countries.
Canadian pharma firm Valeant will get to takeover North Carolina’s Salix after an improved offer was accepted.
The CRTC has ruled in favour of Rogers Media keeping exclusivity of the NHL GamePlus online and mobile app for its own customers.
Costco Canada has temporarily lost its right to import fish after the safety watchdog said the company was not reliably implementing food safety rules.
Futures trending higher after Friday’s low... Investment group to buy GE’s Australian, NZ consumer lending business... BP CEO warns of painful times ahead... Are cars becoming a thing of the past?
The week ended in familiar territory with concern over the continued supply glut pushing oil prices lower and taking energy stocks down.
Canada is starting to see the effects of lower oil prices on the jobs market and data from Statistics Canada shows that unemployment nationwide increased to 6.8 per cent.
Another casualty of the lower oil prices is the housing market in Alberta with new figures from the Canadian Real Estate Association showing a drop of 1.6 per cent in Calgary from a month earlier.
The first three closures of Target Canada stores will happen next Wednesday with more closing by March 22.