Oil, gold decline but TSX closes higher... Pension splitting tax break to stay... Canada’s trade deficit narrowed in October...
The limping economies of China, Japan and the Eurozone added to yet more weakness in the energy sector has dragged the TSX lower again today.
Stephen Poloz is expected to extend the run of low interest rates when the Bank of Canada’s decision is announced this Wednesday.
A new survey shows that Canadians don’t necessarily see their home loan as a debt.
The weekly Bloomberg Nanos Canadian Confidence Index has seen a rise as sentiment increases in personal finances, the economy and real estate prices.
Global markets decline as further cracks appear in China... Retail figures down for Thanksgiving weekend... Oil price could fall to $40 according to some forecasters... Americans spending more on autos...
On a day when Canada’s GDP figures showed better than expected growth for the economy the Toronto Stock Exchange should have been surging but energy stocks are once again under pressure.
Real GDP rose 0.7 per cent in the third quarter, following a 0.9 per cent gain in the second quarter, StatsCan reported today. On a monthly basis, real GDP by industry increased 0.4 per cent in September.
In September 2013 Ottawa’s deficit was $3.8 billion but a year later Finance Canada has just announced a small surplus of $379 million.
With oil now at a four year low Canada’s energy companies must re-evaluate their position. We’re already producing the world’s cheapest oil and now firms will be faced with lower profits and cash for capital projects will be greatly scaled back.
Telecoms giant BCE is to buy mobile phone retailer Glentel for $594 million it announced today.