Canada's budget watchdog revised its fiscal outlook Thursday to incorporate a bigger-than-expected budget surplus in two years due to additional cost-cutting by the ruling Conservative government.
The Toronto stock market was lower Thursday amid a mixed bag of earnings from three of Canada's big banks while concerns about what the Federal Reserve will do with a key stimulus measure grew in the wake of more positive economic data.
TORONTO - Royal Bank (TSX:RY) will bid its longtime CEO farewell next summer as Canada's largest bank charts the path for its future, which may include an end to extremely low interest rates.
OTTAWA -- A new analysis of Canada's key trading firms suggests they are increasingly optimistic about the prospects for boosting exports to the rest of the world, which the Bank of Canada calls the missing piece in the country's economic recovery.
TORONTO (Reuters) - Royal Bank of Canada (RY.TO: Quote), the country's largest bank, said on Thursday that its quarterly profit rose 11 percent and that Chief Executive Officer Gordon Nixon would step down next summer after 13 years in his position.