Oil prices rise as US stockpiles fall again... RBC beats expectations on earnings... CI to merge six funds into others...
Canada is starting to see the effects of lower oil prices on the jobs market and data from Statistics Canada shows that unemployment nationwide increased to 6.8 per cent.
Another casualty of the lower oil prices is the housing market in Alberta with new figures from the Canadian Real Estate Association showing a drop of 1.6 per cent in Calgary from a month earlier.
The first three closures of Target Canada stores will happen next Wednesday with more closing by March 22.
Supermarkets in Ontario may start selling beer and wine as part of an overhaul of alcohol trading laws in the province.
Oilsands tailing ponds and water usage will be subject to new rules in Alberta the provinces’ environment minister Kyle Fawcett announced on Friday.
Optimism dominates end of the week... US disappointed as UK applies to join Chinese-backed bank... Global carbon emissions held steady last year... US household wealth increased to record high in Q4...
The Toronto Stock Exchange gained today as upbeat Chinese data eased concerns over metals demand and mining stocks increased.
Some of Canada’s cities have already begun to see some correction in the housing market according to the Teranet National Bank HPI for February.
The level of household debt in Canada rose to 163.3 per cent of disposable income in the fourth quarter of 2014.
Oil producer Penn West has cut its dividend from 3 cents per share to 1 cent amid falling revenues; losses widened to $1.77 billion in the last quarter of 2014.