Market talk

  • Sears Canada reports revenue slump

    Sears Canada reported that its fourth quarter revenue was down by 17.7 per cent from a year earlier to $972.5 million.

  • Daily Market Update

    World markets mixed, Yellen speech viewed as more dovish... Oil demand is growing says Saudi minister... Apple to pay $532.9 million over iTunes copyright infringement... Housing market still ‘faltering’...

  • TSX advances on Fed patience, declines on domestic concerns

    The Toronto Stock Exchange advanced on Tuesday morning as the Fed’s Janet Yellen spoke at Congress and said that when the bank stops using the word “patient” then rate rises will be more likely, but for now the US labour market is still a concern and therefore it is unlikely that any move in monetary policy will happen for at least two Fed meetings.

  • Poloz speaks of uncertain times

    The governor of the Bank of Canada has spoken of the uncertainty of the economic climate and says that the bank is “managing” risks rather than “eliminating” them.

  • BMO first quarter results down from a year ago

    The Bank of Montreal announced its first quarter results today and revealed a net income of $1 billion, down 6 per cent from the same period last year.

  • Oilsands could lose $121 billion says analyst

    Canada’s oilsands could lose around two-thirds of their income if oil prices remain low according to analysis from research firm Wood Mackenzie.

  • Profit for enterprises almost halved decline in the fourth quarter

    StatsCan has published data that shows a decline in operating profits for corporations of 2.8 per cent in the fourth quarter to $89.4 billion.

  • Alberta may end up with a surplus after all

    Alberta was expected to make a surplus but economic conditions cast doubt on the ability of finance minister Robin Campbell being able to end the fiscal year on a high.

  • Daily Market Update

    Markets anticipate Yellen’s speech... Banks investigated for possible rigging of commodities prices... OPEC emergency meeting now unlikely... Obama calls for curbs on retirement fund brokers...

  • TSX lower as oil declines, recovers slightly on OPEC news

    By now it’s an all-too-familiar scenario; the oil price declines, energy shares suffer and drag the Toronto Stock Exchange lower.