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To understand Venezuela's future, look to the bond market, not politics and protests Sep 6th
Despite an economic crisis so severe that 2.3 million people have fled the country in the past four years, Venezuelan President Nicolas Maduro isn't currently facing mass protests. Bond holders, however, are preparing to seize the country's oil assets..... More »
The best GIC rates in Canada for 2026 May 19th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
AI chatbots can help with personal finance—if you ask the right questions + MORE Jul 15th
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The best GIC rates in Canada for 2025 + MORE Jan 19th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
6 smart strategies for first-time home buyers Jun 17th
If you’ve been thinking about buying a house, you may be wondering how you’ll know when it’s “the right time.” If you don’t have a 20% down payment saved up, is it still OK to consider buying? If you can’t afford your forever home, should you still jump into ownership now? And does the.... More »
Labour data ‘impressive’ as Canada adds jobs for 10th straight month
– canadianbusiness.com
OTTAWA _ The labour market posted a 10th-straight month of net job gains in September to match the economy’s longest monthly streak since the financial crisis almost a decade ago, Statistics Canada said Friday.
The national unemployment rate stayed at a nine-year low of 6.2 per cent after Canada added 10,000 net new jobs, including a surge of 112,000 full-time positions. The rise in full-time work more than offset a drop of 102,000 part-time jobs.
Wage growth also perked up in the latest survey, a long-awaited development after it remained surprisingly low earlier in the year despite the steady tightening of the country’s job market.
Experts underlined a lot of positives in a jobs report that arrived amid recent signs suggesting the economy is already starting to cool down, as widely expected, following red-hot start to the year.
“The underlying story is the economy is still churning out jobs at a pretty solid pace, the unemployment rate is slowly but surely grinding down and, yes, the majority of the job gains actually are in full-time positions,” BMO chief economist Doug Porter said in an interview…
The national unemployment rate stayed at a nine-year low of 6.2 per cent after Canada added 10,000 net new jobs, including a surge of 112,000 full-time positions. The rise in full-time work more than offset a drop of 102,000 part-time jobs.
Wage growth also perked up in the latest survey, a long-awaited development after it remained surprisingly low earlier in the year despite the steady tightening of the country’s job market.
Experts underlined a lot of positives in a jobs report that arrived amid recent signs suggesting the economy is already starting to cool down, as widely expected, following red-hot start to the year.
“The underlying story is the economy is still churning out jobs at a pretty solid pace, the unemployment rate is slowly but surely grinding down and, yes, the majority of the job gains actually are in full-time positions,” BMO chief economist Doug Porter said in an interview…
The financial services firm behind Wall Street’s Fearless Girl statue agreed to pay $5 million to settle federal allegations that it paid female executives less than their male counterparts.
The close: TSX retreats on oil weakness; Wall St. slips
– theglobeandmail.com
The Toronto Stock Exchange’s S&P/TSX composite index fell 47.98 points, or 0.3 per cent, to finish at 15,728.32
Toronto stock index down on tumbling oil prices, as the loonie remains unchanged
– canadianbusiness.com
TORONTO _ Tumbling oil prices saw the commodity-heavy Toronto stock index give up some of the week’s gains ahead of the holiday weekend.
The S&P/TSX composite index dropped 47.98 points to 15,728.32, as the November crude contract fell $1.50 to $49.29 per barrel.
In New York, the Dow Jones industrial average nudged down 1.72 points to 22,773.67. The S&P 500 index gave back 2.74 points to 2,545.49 and the Nasdaq composite index was up 4.82 points to 6,590.18.
The Canadian dollar was unchanged, trading at an average price of 79.69 US.
Elsewhere in commodities, the November natural gas contract was down six cents at US$2.86 per mmBTU, the December gold contract was up $1.70 to US$1,274.90 an ounce, and the December copper contract dropped two cents to US$3.03 a pound.
The TSX will be closed Mon., Oct. 9 for the Thanksgiving holiday. U.S. markets will remain open.
The post Toronto stock index down on tumbling oil prices, as the loonie remains unchanged appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index dropped 47.98 points to 15,728.32, as the November crude contract fell $1.50 to $49.29 per barrel.
In New York, the Dow Jones industrial average nudged down 1.72 points to 22,773.67. The S&P 500 index gave back 2.74 points to 2,545.49 and the Nasdaq composite index was up 4.82 points to 6,590.18.
The Canadian dollar was unchanged, trading at an average price of 79.69 US.
Elsewhere in commodities, the November natural gas contract was down six cents at US$2.86 per mmBTU, the December gold contract was up $1.70 to US$1,274.90 an ounce, and the December copper contract dropped two cents to US$3.03 a pound.
The TSX will be closed Mon., Oct. 9 for the Thanksgiving holiday. U.S. markets will remain open.
The post Toronto stock index down on tumbling oil prices, as the loonie remains unchanged appeared first on Canadian Business – Your Source For Business News.
