Market talk

  • Daily Market Update

    World markets mixed on global economy concerns... Oil falls on US refinery strikes and weak Chinese data... Regulators to probe Moody’s over credit ratings... US companies exposed to Venezuelan economic crisis... Obama plans to tax overseas income...

  • Energy stocks rally but economy slows, banks downgraded

    The Toronto Stock Exchange benefitted from oil prices today as crude surged 8 per cent on news that US shale producers are cutting back production.

  • GDP fell in November

    New figures from Statistics Canada show that the economy declined in November as weaker manufacturing, mining and the extraction of oil and gas meant GDP fell by 0.2 per cent.

  • Downgrade for three major banks

    Barclays Capital has downgraded its ratings of three major Canadian banks citing weaker oil revenues, a slower economy and an expected decline in growth of their lending business.

  • Federal budget posts $622 million surplus in November

    Ottawa hit a budget surplus of $622 million in November as tax and other revenues increased by $971 million and program expenses dropped by $75 million.

  • Young Canadians tempted to become property owners

    A new report from the Bank of Montreal shows that more young Canadians are considering become homeowners as lower interest rates make it even more attractive.

  • Daily Market Update

    Markets open higher after Wall Street surge... GDP expected to be higher due to consumer spending... Visa payment volume jumps 11 per cent... Google misses expectations... American families lack financial stability...

  • TSX ends higher as consumer stocks pick up slack from energy stocks

    There was no let up for the price of oil today as prices bounced around the $45 mark so once again Canada’s energy sector is among the stocks ending lower along with metals producers.

  • Keystone XL pipeline gets approval from the Senate

    Controversial it may be but today the US Senate voted to force through the construction of the Keystone XL pipeline by 60 votes to 36.

  • Canadian wage growth still weak

    Average weekly earnings of non-farm payroll employees saw just a one dollar improvement in November from October’s rate of $941.