Trump fears dominate markets... Oil prices pressured by US output...
Canada’s jobless total has fallen to a six-year low and the number in employment increased for the second month in a row in October; marking a break in the up and down figures of recent months.
The OECD has revised its forecast for growth in the Canadian economy for this year; down from 2.5 per cent to 2.3 per cent.
The cost of the proposed LNG Canada plant in BC could be as high as $40 billion.
The Office of the Superintendent of Financial Institutions has revealed that the number of pension plans on its ‘watch list’ of risk has declined from 128 to 92.
A new report by Brookfield RPS for the Globe and Mail shows that the speed at which house prices in Toronto, Vancouver and Calgary are growing compared to the rest of Canada is increasing.
World markets await US payroll data... Disney meets Wall Street forecasts... Bank of America to take $400 million litigation charge... Amazon reveals surprise new device …on Twitter...
The Toronto Stock Exchange started higher this morning and was then put under pressure when the President of the European Central Bank gave the latest update from its monetary policy committee meeting.
Friday’s Canadian jobs report from Statistics Canada (due 8.30am in Ottawa) is expected to show that the number of those in employment fell by 5000 in October continuing a run of net losses.
The auto sector has been showing good results recently and today’s news that Honda is to invest $857 million in its three Ontario plants is a further boost for the industry.
Jim Oliver has announced new rules to minimize the risk to mortgage insurers and lenders.