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Canadian markets news

Canada rebounds with 2.3 per cent quarterly GDP growth, but weakness persists
OTTAWA - The Canadian economy has climbed out of the recession that emerged in the first half of 2015 - but the rebound has already shown signs of lost momentum.
Mini-recession ends as GDP growth turns positive, but signs of weakness reappear
Canada's economic rebound shows signs of slowing  Toronto Star
BMO profit rises 13 per cent in Q4, beating analyst estimates
TORONTO -- Bank of Montreal (TSX:BMO) says its fourth-quarter net income rose 13 per cent from last year to $1.214 billion, beating analyst estimates by a wide margin and taking the total for the 2015 financial year to $4.405 billion.
Scotiabank profit rises amid capital markets, energy concerns  Reuters Canada
UPDATE 2-Scotiabank profit rises amid capital markets, energy concerns  Reuters
'Giving Tuesday' Marks Day of Charity After Black Friday, Cyber Monday Sales
People who opened their wallets for Black Friday and Cyber Monday may want to keep them open just a bit longer to give back to an organization of their choice today, which is known as #GivingTuesday.
According to the group of organizations, Giving Tuesday is growing at a ...  CTV News
VIDEO: #GivingTuesday simply portrays the real meaning of Christmas  Irish Examiner
US manufacturing contracts; construction spending surges
WASHINGTON U.S. manufacturing contracted in November for the first time in 36 months as the sector buckled under the weight of a strong dollar and deep spending cuts in the energy sector.
US construction spending hits eight-year high  BBC News
US construction spending rises to highest level in 8 years  New Zealand Herald
Toyota, Nissan Lead U.S. Sales Boom as Dealmaking Stirs Demand
Automakers used early holiday-season dealmaking to keep U.S. sales churning toward a record pace in November, aided by a strengthened economy and cheap fuel prices that whetted buyers' appetite for trucks.
Auto Sales Make Modest Gains in November  Wall Street Journal
CompaniesForecasts prove too much for GM, Ford & Chrysler  Financial Times
Morgan Stanley said to plan global fixed-income job cuts
The cuts at Morgan Stanley's 'lousy' fixed-income unit could spark job cuts of between 1,500 and 2,500 workers and savings of about $500 million, or about 20 cents to 25 cents a share.
Morgan Stanley: It's All About Wealth Management Now  Barron's (blog)
Morgan Stanley likely to cut 25 percent of fixed-income jobs  Financial Express
OPEC set for tough meeting, further price fall feared - sources
VIENNA Dec 1 OPEC is heading for very tough meeting this week, delegates and officials said on Tuesday, as country members pump record volumes amid an uncertain demand outlook and as the prospects of a U.S.
Oil Declines After Worst Month Since July as OPEC Members Gather  Bloomberg
Saudi battles Russia for EU market share, while Iran waits in the wings (blog)
Thanksgiving And Cyber Monday Results Are Bleak For Retailers
Pedestrians carry shopping bags on Black Friday through Herald Square in New York, on Friday, Nov. 27. (Michael Nagle/Bloomberg). Back on November 6, I published a list of 47 store chains that would not be open on Thanksgiving Day.
The Economist explains  The Economist (blog)
Cyber Monday sales slow as web shopping spans holiday season  Chicago Tribune
UPDATE 1-China needs more users for "freely usable" yuan after IMF nod
... * China's yuan to join IMF's Special Drawing Rights basket. * Yuan to enter in October 2016 with 10.92 pct share. * IMF's Lagarde, China central bank say reforms to continue.
IMF offers glimpse of the future as yuan joins ranks of top global currencies  The Globe and Mail (subscription)
Chinese yuan to join elite global currency club  The Guardian
China's vacuum-cleaner artist turning Beijing's smog into bricks
Wang Renzheng, a Chinese performance artist better known as Nut Brother, with the industrial vacuum cleaner he uses to suck up smog.
Beijing smog: The difference a month makes  BBC News
Beijing smog fails to obscure "apocalypse" humour  Reuters