Latest data shows how different demographic groups struggle
Oil made something of a comeback today despite an Energy Information Administration report showing a growing glut of supplies.
Subscribers to TV, telephone and internet services declined last year for Shaw Communications, meaning a 7 per cent drop in profits for the latest quarter.
The 95 stores that make up Mexx Canada will be liquidated by the end of February and the firm’s head office will close a month later.
Investors are betting against Canada’s economy with oil at its current low.
December saw house prices drop from the month before according to the Teranet-National Bank Composite House Price Index.
World Bank cuts global growth forecasts; stocks hit the rocks... Alibaba plans expansion with deal in India... Tesla may not turn a profit this decade... Uber announces new deal with Boston... Americans don’t shop around for home loans...
The Toronto Stock Exchange has declined for the third day in a row with prices of oil falling lower again to less than $45 and copper also down 2.7 per cent.
The Bank of Canada warned today that the continued decline in oil prices could put the recovery of the economy at risk.
Quebec’s infrastructure projects will be financed and operated by Canada’s second largest pension fund if a deal is ratified by the National Assembly.
Analysis from the Conference Board of Canada suggests that Alberta could suffer greater impact from the declining oil prices than a ‘slowdown’.