Materials, energy lead clean sweep of TSX gains... Trade deal with EU is “impossible” says Canadian minister... Consumer prices up 1.3 per cent... RBC finance head to retire...
China’s main stock market index closed higher Friday ahead of the US jobs data and with expectation that there could be further support measures for the world’s second largest economy.
US jobs data is the key focus for European markets so far Friday.
It may have been defiant in the face of the oil price slump but it seems that Saudi Arabia’s finances have been hit hard by the downturn.
After a few weeks’ of more stable oil prices volatility has returned this week. Thursday’s session has seen the price of Brent crude drop below $50 once again and WTI falling below $45.
Canadian Natural Resources has been affected like all energy firms by the lower oil prices but in releasing its earnings report for the second quarter the firm blamed another issue.
Mobile subscribers have a lot of choice but BCE has reported that its customer base has increased along with quarterly profits.
Lower interest rates and the cost of acquisitions has led to a lower profit for Manulife Financial in its second quarter.
Thursday brings a glut of economic data that investors will be watching closely.
William Ackman has taken a $5.5 billion stake in Mondelez International and may be eyeing a takeover.
General Motors’ Chinese unit has released sales data showing a drop of 4 per cent over the last 12 months but profit is holding up well.