Markets await President Trump... Billionaire investor Soros says “would be dictator” Trump will fail...
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.
Among the many Black Friday bargains on offer today, a mortgage broker announced a 24 hour promotion on home loans with a rate of just 2.59 per cent for a 5-year-fixed rate mortgage and 2.05 per cent for a variable rate.