Timmies’ owner eyes Popeyes, wholesale sales gain... Tributes paid to union pioneer Bob White...
There was a brief respite for the Toronto Stock Exchange as Talisman Energy and consumer shares gave the index a boost.
Shares in Talisman Energy surged 20 per cent before dropping back a little after Spanish energy giant Repsol confirmed that it is considering a takeover of the Canadian firm.
Canadians now have a higher proportion of debt to income according to new data.
A new report from CIBC World Markets says that Canada’s banks could lose profits of up to 7 per cent from their exposure to the oil industry.
The Bloomberg Nanos Canadian Confidence Index has fallen to its lowest figure for 10 months.
Oil dominates markets; Japanese election has little effect... Fed considers dropping ‘considerable time’ from policy statement... US oil states start to feel the pressure... PetSmart agrees sale for $8.7 billion... 3 per cent mortgage downpayment could be risky says Shiller... Healthcare deadline looms; most appear to opt for autoroll...
The International Energy Agency revised its outlook for oil this morning and the markets didn’t like it.
Most economists forecast that the first interest rate rise will be in the second half of 2015, possibly in the fall.
There was one energy company with shares heading up today.
Quebec’s securities regulator is investigating gaming firm Amaya over trading activities in the shares of Oldford Group, the former parent company of PokerStars which the company acquired this year.