OTTAWA -- The economy will be weaker than expected in the second quarter due to the Alberta wildfires, the Bank of Canada said Wednesday as it kept its key interest rate steady at 0.5 per cent.
The CRTC is making cable providers publicly explain their $25 basic TV packages. The broadcast regulator and a consumer group have received hundreds of complaints about the CRTC-mandated TV plans.
The Bank of Montreal's second quarter profit fell to $973 million, down three per cent from a year ago, as it took a restructuring charge and set aside more money for bad loans.
TORONTO (Reuters) - Canada's main stock index rose on Wednesday as higher oil prices supported energy stocks, while financials also advanced despite one of the country's major banks reporting a slightly lower-than-expected quarterly profit.
Premier Dwight Ball is making changes to the controversial deficit reduction levy, with the threshold for paying the levy to be raised to $50,000.