TSX closes higher ahead of federal budget... 1,000 jobs to go at Enbridge... Sears Canada to carry on amid parent’s troubles...
The TSX was boosted today by events thousands of miles from Canada.
The surprise of the day was a rise in Canada’s annual inflation rate to 2.4 per cent in October (up 0.1 per cent from September and beating the BoC inflation target of 2 per cent).
The Premiers of Ontario and Quebec have signed a deal that means a joint effort on climate change and sharing of electricity.
RBC has announced job losses as it plans to restructure its Wealth Management business.
A global study of the ultra-rich has found that more of them are in Canada this year than last.
Asian markets recover... Businesses react to Obama’s immigration plans... Senate committee to grill NY Fed chief... Alibaba stuns with $8 billion debut dollar bond... Amazon increases streaming; Facebook looks at drones...
It was a fifth day of gains for the TSX today with a rise in the oil price giving energy stocks a lift while gold producers also had a more positive day led by Vancouver’s Nevsun Resources who are tipped for a $1 billion takeover by QKR Corp.
Wholesale sales rose 1.8 per cent to $54.0 billion in September.
The failed vote to push through the Keystone XL pipeline yesterday has been followed by more bad news for TransCanada.
Drilling will be down by around 10 per cent in 2015 according to estimates from The Canadian Association of Oilwell Drilling Contractors.