Employment down in December, Shell announce jobs cuts in Alberta
Canada’s workforce reduced by 4,300 in December as 54,000 new full time jobs were offset by a loss of 58,000 part time roles.
Housing starts decline
The construction of new homes was at its lowest level for 10 months in December.
Households could be $1,500 better off this year
The low cost of oil is set to leave an extra $20 billion in the pockets of Canada’s commuters and motorists, assuming the price of crude continues lower throughout the year.
Canadian Pacific refuses to pay $50,000 fine and will appeal
Canadian Pacific Railway is refusing to pay a federal fine for failing to meet minimum volumes for shipping grain.
Daily Market Update
Markets await US jobs data... AOL and Yahoo merger pressure increases... JC Penney to close 40 stores, losing 2,250 jobs... GM boss says there’s room for auto industry to grow... NY and LA renters pay half their paycheck to landlords...
TSX sees gains across all sectors to close up for 2nd day
The pharmaceutical, energy and financial sectors led some healthy gains on the Toronto Stock Exchange today and all ten sectors of the S&P TSX Composite Index saw increases.
Harper gives reassurance on federal budget
Prime Minister Stephen Harper said today that Canada’s federal budget will balance this year.
Keystone XL jumps hurdle but faces Obama battle
The US Energy and Natural Resources committee has approved the bill that could lead to TransCanada’s Keystone XL pipeline project going ahead.
Tourism spending increased in Q3
New data from StatsCan show that spending in the tourism sector rose by 1.3 per cent in the third quarter of 2014.
Blackberry smoothes the edges of its first US deal for Passport
The current good fortune for Ontario’s Blackberry continues as it announces a deal with America’s AT&T network for the Passport smartphone.