Tahoe Resources to buy Rio Alto
Tahoe Resources Inc. said today that it has agreed to buy Rio Alto for $1.4 billion as it looks to grow its presence in Latin America.
Housing starts rise in January
New figures from the Canada Mortgage and Housing Corporation show that housing starts increased in January.
The world trusts Canadian businesses
A survey to find the most trusted businesses in the world has discovered that Canada ranks second.
Daily Market Update
Asian markets mixed on weak data; Europe weighs Greece, Russia... Oil dips on weak Chinese data... US firms may not be leaving for tax breaks... Payday lenders set for tougher regulations...
TSX rises to 4-month high…then drops sharply
Higher oil prices and an optimistic tone from better-than-expected US jobs data lifted the Toronto Stock Exchange to its highest mark in four months this morning before things started to turn sour.
Canada’s unemployment rate down in January
StatsCan reported the January figures for the Canadian labour force today showing that an extra 35,000 people are now working and that unemployment has fallen to 6.6 per cent; 0.1 per cent lower than in December.
Canada has 30 per cent chance of recession
There could be a national recession in Canada within a year according to David Madani of Capital Economics.
Blackberry stock spike sparks investigation
Last month’s rumours of merger talks between Blackberry and Samsung caused stocks in the Waterloo, Ont. firm to surge although the talks were quickly denied.
CMHC predicts moderating housing market
The housing market is expected to moderate this year but broadly in line with rest of the economy according to the Canada Mortgage and Housing Corporation.
Another retail failure
Parasuco Retail Inc. today announced the closure of its stores in Quebec and Ontario with immediate effect and that it is filing for bankruptcy.