Financials, gold miners impact TSX... Inflation higher as transportation, shelter costs rise... Home Capital shareholders to vote on Berkshire Hathaway next month... Blackberry shares have lost a quarter of value since June...
The 95 stores that make up Mexx Canada will be liquidated by the end of February and the firm’s head office will close a month later.
Investors are betting against Canada’s economy with oil at its current low.
December saw house prices drop from the month before according to the Teranet-National Bank Composite House Price Index.
World Bank cuts global growth forecasts; stocks hit the rocks... Alibaba plans expansion with deal in India... Tesla may not turn a profit this decade... Uber announces new deal with Boston... Americans don’t shop around for home loans...
The Toronto Stock Exchange has declined for the third day in a row with prices of oil falling lower again to less than $45 and copper also down 2.7 per cent.
The Bank of Canada warned today that the continued decline in oil prices could put the recovery of the economy at risk.
Quebec’s infrastructure projects will be financed and operated by Canada’s second largest pension fund if a deal is ratified by the National Assembly.
Analysis from the Conference Board of Canada suggests that Alberta could suffer greater impact from the declining oil prices than a ‘slowdown’.
Oil at near 6-year low as UAE defends policy... Interest rates could rise in June... Banks unlikely to increase dividends for a while... Google stocks head for a bear market... American families struggle to recover from the recession but Congress is booming...
The falling price of oil continues to dampen the mood at the Toronto Stock Exchange and with Goldman Sachs now forecasting lower prices for longer that feeling could be around for a while.