Oil jumps 1 per cent on Libyan unrest... BoC governor backs open trade... Home Capital shares down 10 per cent following CEO departure...
The Toronto Stock Exchange has enjoyed a more positive atmosphere today as the Bank of Canada confirmed that it is holding the interest rate at 1 per cent and gave a largely optimistic statement.
The Bank of Canada may have been largely positive about the economy but Stephen Poloz’ statement raised concern about the level of household debt.
Fourth quarter profit for the Royal Bank of Canada was up 11 per cent to $2.3 billion.
Oil firms are facing some tough decisions; spend on planned capital projects or keep investors happy with dividends.
Asian, Europe markets mixed; Oil price above $71... Airbag manufacturer ignores US regulator... Bird flu strikes near Canada/US border... Top CEOs less optimistic on economy... Earning potential is in your hands...
Tuesday has seen better results for the Toronto Stock Exchange as energy and industrial sectors bounced back.
A new report shows that a rise in the number of people employed in Canada’s renewable energy sector by 37 per cent means that there are more workers in the green-energy sector than there are in the oilsands.
Bank of Montreal investors are receiving dividends 2 per cent higher than that of quarter two despite profits being weaker than expected.
The auto sector continues to do well in Canada with news today that Chrysler Canada’s November sales were up 9 per cent compared to the same month last year.
Meat prices have already been rising but the overall grocery bill is set to be higher next year according to Ontario’s University of Guelph Food Institute.