Some of Canada's banks must stress test their ability to withstand a 50 per cent drop in housing prices in Metro Vancouver area and a 40 per cent drop in the Greater Toronto Area, the country's banking regulator says.
Labour Minister Christina Gray visited the VETS Group sheet metal shop in Edmonton Tuesday to promote the Canada-Alberta Job Grant, a cost-sharing program to encourage employers to invest in training courses for employees.
Canada's second-largest airline saw its profit take a hit in the second quarter as it continued to feel the pinch from the energy downturn and had a rocky start to its new U.K.
Two banks have agreed to give the federal revenue minister information from the accounts of a Caribbean financial institution to help the government crack down on Canadian tax evaders.
Canada's main stock index rose on Tuesday, helped by gains for gold miners, other materials stocks, and banks, as bullion prices rose ahead of a U.S.