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The Toronto Stock Exchange was both boosted and weakened by the energy sector today as oil continued to edge lower while the Talisman deal with Spanish firm Repsol was confirmed.
Prime Minister Stephen Harper said today that the low oil prices won’t stop the federal government from balancing its budget but it will reduce its fiscal flexibility.
A new deal between Export Development Canada and London-based telecoms operator Vodafone will net Blackberry a $750 million windfall.
It’s long been called for and now the Canada Mortgage and Housing Corporation has issued data showing the level of foreign investor ownership in condos.
World markets lower as oil hits new lows; China data disappoints... Economist Bill Gross says structural growth will drop next year... Obamacare customers get more time to pay... Ford shares drop 5 per cent after downgrade... Airlines carrying extra bags…of cash...
There was a brief respite for the Toronto Stock Exchange as Talisman Energy and consumer shares gave the index a boost.
Shares in Talisman Energy surged 20 per cent before dropping back a little after Spanish energy giant Repsol confirmed that it is considering a takeover of the Canadian firm.
Canadians now have a higher proportion of debt to income according to new data.
A new report from CIBC World Markets says that Canada’s banks could lose profits of up to 7 per cent from their exposure to the oil industry.