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Canadian markets news

Canada's housing market to become drag on the economy: poll
Canada's housing market is likely to be a drag on economic growth over the next couple of years, thanks to too much supply and high levels of household debt making further buying a risky affair, a Reuters poll found.
Canadian economy rebounds, but only for a bit  Toronto Sun
Canada rebounds with 2.3 per cent quarterly GDP growth, but weakness persists  Montreal Gazette
Reuters Canada  
The close: TSX rise as Valeant increases
Canada stocks rose on Tuesday, after capping a sixth monthly decline in seven a day earlier, as Bank of Montreal rallied to a one-month high and Valeant Pharmaceuticals International Inc. rose for a second day.
Toronto stock market soars over 177 points; New York indexes also solidly ahead  Montreal Gazette
Canada Stocks Climb as Economy Rebounds, Bank of Montreal Gains  Bloomberg
Scotiabank fourth-quarter profit rises, energy concerns remain
TORONTO (Reuters) - Bank of Nova Scotia BNS.TO reported a higher quarterly profit on Tuesday, helped by asset growth and favorable foreign exchange moves, but weakness in its capital markets business and an increase in bad energy loans kept the ...
Bank of Montreal Hits Annual Profit Target for U.S. Businesses  Bloomberg
UPDATE 3-Scotiabank 4th-quarter profit rises, energy concerns remain  Reuters
Volkswagen sales dive, while Canadian auto sales at record high
Volkswagen's emissions-cheating scandal carved a swath out of the company's North American sales in November. In Canada, its sales declined by 5.5 per cent, even as overall vehicles sales rose 4.7 per cent compared with a year earlier in November.
UPDATE 2-Automakers report higher November sales in Canada  Reuters
Canadian auto sales set November record; industry poised for best year ever
Canadian Oil Sands Ltd lays out 2016 spending plans, but critic says ...
Alex Urosevic for National PostCanadian Oil Sands CEO Ryan Kubik said with major project spending complete and cost savings taking hold, the company is poised to enter 2016 in good shape.
Questions arise over Canadian Oil Sands as it lays out 2016 spending plans  Edmonton Journal
Canadian Oil Sands 2016 capital spending budget cut 35 per cent  The Globe and Mail
British workers face biggest income drop in OECD on retiring
UK workers face the biggest income drop in the rich world when they retire and only Mexico and Chile receive less generous payments, according to an OECD report.
Poverty a serious risk for pensioners of the future - OECD  Irish Times
State pension shock: only workers in Mexico and Chile get worse  The Independent
Alberta's carbon tax should comfort OPEC amid Paris climate talks
If OPEC, which meets later this week in Vienna, is worried about what's happening at the climate change conference in Paris, the group might look for comfort to, of all people, Alberta Premier Rachel Notley.
A Climate Friendly Canada and Climate Policy in the Tar sands? What's Next?  Alternatives Journal (blog)
Rachel Notley's climate policies set a new standard: Steward  Toronto Star
For third consecutive quarter, US CEOs cautious on economy: poll
CHICAGO For the third consecutive quarter, U.S. CEOs expressed growing caution about the country's economic prospects in the short term and more said they expected to curtail capital investments over the next six months, according to a survey released ...
CEOs' Economic Outlook Dims as More Plan to Pull Back Investment  Wall Street Journal (blog)
Economic expectations of top US CEOs sink to three-year low  Los Angeles Times
Ford trucks lead small sales gain in November
In first place, all hail the perrenial winner, Ford F-Series (Photo: Ford) Pickup trucks helped Ford eke out a small sales gain in November, compared to the same period a month earlier.
U.S. auto sales on track for strongest-ever November  TODAYonline
Ford Sales Sluggish in November Despite F-Series Gains  Ward's Auto
Manufacturing Contracted in November for First Time in 3 Years
WASHINGTON - Manufacturing in the United States contracted in November for the first time in three years as the sector buckled under the weight of a strong dollar and deep spending cuts by energy companies.
US manufacturing contracts in November
US manufacturing contracts; construction spending surges  Channel News Asia