Markets mixed on Italian referendum result... Oil hits new 16-month high...
A new stock exchange has been given the green light by the Ontario Securities Commission today.
With a $12.5 billion deficit Ontario’s government could have done with some good news, but instead the province’s fall economic update showed a $500 million black hole in revenues and slower growth ahead.
Canada’s existing home sales have climbed again; reaching a near 4-year high in October.
Canadian investors added $8.6 billion of foreign securities to their holdings in September after a far smaller amount in August.
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Manufacturing sales rose 2.1 per cent in September to $53 billion, the eighth gain in nine months and following a 3.5 per cent decline in August.
A unanimous ruling in the Supreme Court will require Canadian businesses to act with a new sense of honesty.
Canadian resource firms are to be penalized if they do not help to resolve local disputes in foreign countries in which they operate.
Experts are predicting that there will be a softening of the economy in Calgary and throughout Alberta next year and for a few years after.
The steep drop in oil prices is set to continue according to the International Energy Agency.