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Canadian markets news

Gates still richest; Jordan joins club
Microsoft co-founder and Berkshire Hathaway board member Bill Gates' net worth rose to $79.2 billion in 2015 from $76 billion last year while NBA great and Charlotte Hornets owner Michael Jordan joined Forbes' annual list of the world's billionaires for the ...
Savitri Jindal among five Indian women on Forbes billionaires list  The Hindu
Canada's GDP grew 2.4% in final quarter of 2014, beating forecasts
Canada's gross domestic product expanded by 0.6 per cent in the final three months of 2014, a bit slower than the pace seen in the previous quarter but better than what analysts were expecting.
David Rosenberg's tough words for Bank of Canada boss Stephen Poloz ...  Financial Post
Economy slows to 2.4% amid late 2014 oil plunge, but still better than expected  Times Colonist
UPDATE 2-Scotiabank profit misses expectations, shares drop
(Adds comments from analyst, conference call; updates shares). By John Tilak. March 3 (Reuters) - Bank of Nova Scotia posted a lower-than-expected quarterly profit on Tuesday, hurt by an increase in credit-loss provisions and higher expenses, sending its ...
Scotiabank increases Q1 profit to $1.73B  Hamilton Spectator
Scotiabank increases Q1 profit to $1.73B; looks to Mexico for growth  Winnipeg Free Press
REFILE-CANADA STOCKS-Futures point to lower start for TSX after GDP data
(Corrects day of the week to Tuesday from Friday in paragraph 1). Mar 3 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Tuesday after stronger-than-expected GDP data for the fourth quarter suggested the Bank of ...
Toronto stock market pulls back; dollar rises  Times Colonist
Canada Stocks Advance as BlackBerry, Valeant Pharma  Bloomberg
Consumer debt, including mortgages, hits $1.53-trillion, report finds
Consumers are continuing to pile on debt despite economic uncertainty created by the sharp drop in oil prices. Credit monitoring agency Equifax says consumer debt, including mortgage debt, rose to $1.529-trillion at the end of 2014.
Equifax Canada Cautions Consumers on $1.5 Trillion Debt and Growing  MarketWatch
Housing affordability in Manitoba improving: report
Owning a home is becoming increasingly more affordable in Manitoba as an abundant supply of resale homes continues to push down prices, according to a new Royal Bank report.
Buying a Toronto home a 'stretch for many,' while Calgary costs sink  The Globe and Mail (subscription)
House Prices: Calgary More Affordable, Toronto And Vancouver Pricier  Huffington Post Canada
UPDATE 8-Oil up as Netanyahu blasts Iran in speech; Libyan forces fight
... * Brent back above $60 after Monday's 5 pct tumble. * Netanyahu hits out against Iran in U.S. Congress, fuelling rise. * U.S.
Oil glut: US running out of storage; prices could plunge  CTV News
US running out of room to store crude, prices for oil and gas could plunge  Hamilton Spectator
Fiat Chrysler May Sell More of Ferrari in IPO Sale
GENEVA� Fiat Chrysler Automobiles NV may decide to sell more than the originally planned 10% of Ferrari in the initial public sale slated for later in the year to meet strong demand from investors.
US car sales lose steam in cold February  MarketWatch
Ford F-150 sales down in February but more trucks on way  Detroit Free Press
CP Rail CEO Hunter Harrison More Worried About Terrorism Than Derailments
E. Hunter Harrison, CEO of CP Rail, speaks at the Canadian Club of Toronto in Toronto on Monday, March 3, 2015. THE CANADIAN PRESS/Darren Calabrese | CP.
Terrorism poses a greater risk to railways than derailments: CP's Hunter ...  Financial Post
CP Rail CEO says consolidation unlikely to involve CP for now  Reuters
Ring of Fire to benefit from rail, hydro plans, Lawrence Martin says
The Grand Chief of the Mushkegowuk Council is lobbying for industry and government support in Toronto this week, at the prospectors and developers conference, for a wide-ranging set of proposals to serve the Ring of Fire development.
Mushkegowuk rail plan still on despite road study  Timmins Times