TSX drops on Scotiabank results, Wall St. decline
Despite positive GDP figures, the Toronto Stock Exchange has seen its biggest recent drop with results Bank of Nova Scotia disappointing while investors in Valeant decided to sell after yesterday’s increase in share value.
Economy grew by 2.5 per cent in 2014
The latest figures from StatsCan show that real GDP grew by 2.5 per cent in 2014 after rising 2 per cent in 2013.
Scotiabank profit higher, notes challenging times
Bank of Nova Scotia posted slightly higher profits for the first quarter but noted that it is operating in challenging times.
Housing ‘out of reach’ in Toronto, Vancouver
A new report from RBC Economics says that housing is too expensive for many buyers in Toronto and Vancouver but is becoming more affordable in Calgary and Regina.
Blackberry announce new hardware
There was a new piece of hardware unveiled by Blackberry today, as the firm says it is still committed to devices despite increasing moves towards software.
Vehicle sales increase to highest February total for 7 years
Sales of new vehicles hit their highest February total since 2008 according to The Globe and Mail.
Daily Market Update
Wall St. sees record highs, oil rebounds... Gross and Rosenberg split on interest rates... Barclays gives information to precious metals probe... Target focuses on millennials... College savings plans may become more flexible...
TSX gains on Valeant stocks, offsets energy firm declines
Another bumpy day for oil prices, punishing energy stocks, has been offset by gains in the healthcare sector driven by a 2 per cent rise in Valeant Pharmaceuticals stocks.
Current account deficit expands, foreign investment in securities hits 6 year low
Canada's current account deficit (on a seasonally adjusted basis) expanded by $4.3 billion in the fourth quarter to reach $13.9 billion.
Warren Buffett criticizes Keystone XL delay
Billionaire Warren Buffett says he would have passed TransCanada’s Keystone XL pipeline plan if he was the US president.