Oil, jobs help TSX to positive end to the week... Canadian labour market flat, unemployment down... Canadians keep buying cars...
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.
The CEO of mining firm Rio Tinto said Thursday that iron ore capacity will see 120 million tonnes leaving the market this year.
The stocks of Canada’s energy firms were boosted for the second straight day as oil prices showed some recovery before turning downwards again.
The markets weren’t expecting the news but it was good for morale when it came