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Viral infections, genetic factors may be linked to mystery hepatitis in kids, studies suggest - CBC News Jul 31st
Viral infections, genetic factors may be linked to mystery hepatitis in kids, studies suggest CBC NewsHepatitis in children: Scientists have found a possible cause for the mystery outbreak The Indian ExpressRecent study may have discovered reason behind hepatitis surge in child.... More »
Why companies are looking to Alberta to produce plastic + MORE Jul 31st
Work is well underway on a $3.5-billion petrochemical complex northeast of Edmonton — the first major petrochemical plant to be built in the province in nearly two decades. Industry analysts say there is good reason to believe there's plenty more investment on the way..... More »
Ex Amaya CEO asks court to order the release of details in insider trading case + MORE Dec 14th
MONTREAL _ Former Amaya CEO David Baazov’s lawyer says the Quebec securities regulator’s disclosure of more than one million documents isn’t helping to defend against insider trading charges.
Sophie Melchers told a Quebec Court judge on Tuesday that although l’Autorite des ma.... More »
UN humanitarian chief warns of famine crisis, urges global action - CBC.ca + MORE Mar 11th
CBC.caUN humanitarian chief warns of famine crisis, urges global actionCBC.caThe world faces the largest humanitarian crisis since the United Nations was founded in 1945 with more than 20 million people in four countries facing starvation and famine, the UN humanitarian chief said Friday. Stephen O&.... More »
How much credit card debt does the average Canadian have? Jun 21st
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Bank of Montreal joins chorus of economists predicting interest rate cut
– canadianbusiness.com
OTTAWA – The odds that the Bank of Canada will lower its key interest rate next week are rising, with some of the country’s big banks now predicting a rate cut.
Economists at the Bank of Montreal joined what is a growing chorus of analysts Thursday in predicting the central bank will cut its key interest rate next Wednesday when it releases its updated forecast for the economy.
The Bank of Montreal cited low oil prices, a weak business outlook survey and recent comments by governor Stephen Poloz as reasons for its new forecast.
“The Business Outlook Survey showed the lowest investment and hiring intentions since the Great Recession,” the Bank of Montreal said in a research note Thursday.
“The commodity sector’s pain is spreading to the domestically-focused, non-resource parts of the economy, trumping the gains in non-commodity exports to the U.S.”
The key overnight rate sits at 0.5 per cent, and expectations that the Bank of Canada will cut its rate target have been gaining momentum with the low price of oil…
Economists at the Bank of Montreal joined what is a growing chorus of analysts Thursday in predicting the central bank will cut its key interest rate next Wednesday when it releases its updated forecast for the economy.
The Bank of Montreal cited low oil prices, a weak business outlook survey and recent comments by governor Stephen Poloz as reasons for its new forecast.
“The Business Outlook Survey showed the lowest investment and hiring intentions since the Great Recession,” the Bank of Montreal said in a research note Thursday.
“The commodity sector’s pain is spreading to the domestically-focused, non-resource parts of the economy, trumping the gains in non-commodity exports to the U.S.”
The key overnight rate sits at 0.5 per cent, and expectations that the Bank of Canada will cut its rate target have been gaining momentum with the low price of oil…
At midday: TSX rises as rally in oil prices supports energy stocks – The Globe and Mail
– news.google.ca
Vancouver SunAt midday: TSX rises as rally in oil prices supports energy stocksThe Globe and MailCanada's main stock index rose on Thursday after falling to a fresh 2-1/2-year low, as a rally in crude oil prices helped support energy stocks, while losses were unwound for financial stocks. The index has fallen 6 per cent in the first two weeks of …Canadian dollar falls below 69.5 cents US, oil steadyCTV NewsCanadian dollar remains below 70 cents US, oil steady, foreign stock indexs downEdmonton JournalCanadian dollar remains below 70 cents USGlobalnews.caall 40 news articles »
Average US rate on 30-year mortgage falls to 3.92 per cent
– canadianbusiness.com
WASHINGTON – Average long-term U.S. mortgage rates fell this week amid continued turbulence in global stock markets.
It was the second straight weekly decline for the rate on the key 30-year loan. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage dipped to 3.92 per cent from 3.97 per cent a week earlier. That rate has increased from its 3.66 per cent average a year ago but remains well below its historic average of 6 per cent.
The average rate on 15-year fixed-rate mortgages eased to 3.19 per cent from 3.26 per cent.
The tumult in stock markets around the world that started off the year, triggered by economic stability in China, continued in the latest week. That has pushed up prices of U.S. government bonds, depressing their yields, which mortgage rates track.
The yield on the 10-year Treasury bond fell to 2.09 per cent Wednesday from 2.17 per cent a week earlier. The yield slipped further to 2.06 per cent Thursday morning.
The declining mortgage rates have spurred more prospective homebuyers to apply for loans…
It was the second straight weekly decline for the rate on the key 30-year loan. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage dipped to 3.92 per cent from 3.97 per cent a week earlier. That rate has increased from its 3.66 per cent average a year ago but remains well below its historic average of 6 per cent.
The average rate on 15-year fixed-rate mortgages eased to 3.19 per cent from 3.26 per cent.
The tumult in stock markets around the world that started off the year, triggered by economic stability in China, continued in the latest week. That has pushed up prices of U.S. government bonds, depressing their yields, which mortgage rates track.
The yield on the 10-year Treasury bond fell to 2.09 per cent Wednesday from 2.17 per cent a week earlier. The yield slipped further to 2.06 per cent Thursday morning.
The declining mortgage rates have spurred more prospective homebuyers to apply for loans…
Shaw Communications Inc. says despite hard times in Western Canada, it’s making no changes to its 2016 plans and expects this year’s operating income benchmark will be flat or slightly higher than in fiscal 2015.
Canadian dollar falls below 69.5 cents US, oil steady, stock markets down
– canadianbusiness.com
TORONTO – The Canadian dollar fell below 69.5 cents cents US Thursday as stock markets around the world traded lower.
The loonie was as low as at 69.46 cents US after North American stock markets began their day. The currency finished the day Wednesday at 69.71 cents U.S., the first close below 70 cents U.S. since April 2003.
Toronto Stock Exchange’s S&P/TSX composite index was down 98.34 points at 12,072.07. On Wednesday, it lost 203.49 points, marking the 10th losing day since the Christmas break.
The Dow Jones average of 30 stocks was down 27.84 points at 16,123.57, the broader S&P 500 index declined 6.6 points to 1,883.68 and the Nasdaq 100 lost 36.4 points to 4,146.71.
Most major European indexes were also down and Asian markets closed lower with the exception of Shanghai, which rose nearly 2.2 per cent.
On the commodity markets, the February gold contract was down $1.10 at US$1,086.00 an ounce and the February crude contract was up 43 cents at US$30.91 per barrel — near the lowest levels in years…
The loonie was as low as at 69.46 cents US after North American stock markets began their day. The currency finished the day Wednesday at 69.71 cents U.S., the first close below 70 cents U.S. since April 2003.
Toronto Stock Exchange’s S&P/TSX composite index was down 98.34 points at 12,072.07. On Wednesday, it lost 203.49 points, marking the 10th losing day since the Christmas break.
The Dow Jones average of 30 stocks was down 27.84 points at 16,123.57, the broader S&P 500 index declined 6.6 points to 1,883.68 and the Nasdaq 100 lost 36.4 points to 4,146.71.
Most major European indexes were also down and Asian markets closed lower with the exception of Shanghai, which rose nearly 2.2 per cent.
On the commodity markets, the February gold contract was down $1.10 at US$1,086.00 an ounce and the February crude contract was up 43 cents at US$30.91 per barrel — near the lowest levels in years…
