Commodities jump but TSX still loses steam... TFSA contributions dropped last year says BMO poll... Canadians are earning more, working less...
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.
The OPEC cartel’s decision to not cut production of oil from the current 30 million barrels a day has had a predictable effect on Canadian energy stocks and the wider TSX.
Average weekly earnings of non-farm payroll employees were $942 in September, little changed from $939 the previous month.
Ontario, Newfoundland and Labrador, Alberta, and Manitoba will be the leaders of economic growth in 2015 according to a new report from the Conference Board of Canada.
Canada’s exports are increasing but next year’s figure will be held back by lower oil and metal prices.
Experts in prices at the gas pumps are predicting this weekend could see even lower prices as the effects of lower oil prices start to take effect.