Oil capitals face housing correction says TD
Calgary, Edmonton and St. John’s, Newfoundland are set to be hit by a housing correction over the next 12-18 months as the oil industry’s decline filters down to consumers.
Husky Energy cuts capital spending plans
Husky Energy announced today that it is planning to cut its capital spending by up to $400 million in response to the downturn in oil prices.
Toronto attracts more visitors
Tourists flocked to Toronto in record numbers last year according to data from Toronto Tourism.
Daily Market Update
World markets higher despite lack of Greece deal... US foreclosures increase... Brent holds steady despite higher US stocks...
TSX steady on oil prices, Greek talks
The Toronto Stock Exchange has had a largely unremarkable day of trading with the price of Brent crude holding around $55 and investors avoid risks on anticipation of the results of talks between Greece and Eurozone finance ministers.
Walmart Canada invests $340 million in expansion plan
Walmart has today given a boost to the retail sector by announcing an expansion plan with 29 new Canadian stores over the next 12 months.
Air Canada profits hit record high
The falling value of the Canadian dollar has cost Air Canada $100 million in the last quarter of its financial year but the airline has still posted record annual profits of $531 million, a rise from $340 million in the previous year.
Mutual funds in Canada outperform others
Mutual funds are performing better in Canada than other countries according to analysis by the Financial Post.
Canadian pensions largely DB plans
A study of pension plans show that the vast majority of assets held in Canada are defined benefit (DB) with defined contribution (DC) plans amounting to a very small percentage.
TSX Venture 50 announced
TSX Venture Exchange has announced its annual Venture 50 of strong performing companies from 5 sectors.