Toronto-Dominion is the latest major bank to declare a recession in Canada, saying the “balance of probabilities” has tipped in favour of another quarter-point rate cut next week.
PARIS/ATHENS France and Germany told Greece to come up with serious proposals in order to restart financial aid talks, raising pressure on Prime Minister Alexis Tsipras to compromise a day after his country voted overwhelmingly against more austerity.
TORONTO (Reuters) - Canada's main stock index slipped on Monday after Greek voters rejected debt bailout terms, endangering the country's future in the euro zone and pummeling oil prices.
OTTAWA (Reuters) - The "very weak" budgetary performance and "very high" debt burden of the Canadian province of Ontario has forced a downgrade of its long-term debt, Standard & Poor's said on Monday.
CALGARY - Beef prices continue to climb to new highs as dry conditions persist in Canada's cattle heartland. According to data released today by Statistics Canada, the price of 100 pounds of Alberta beef at slaughter rose to $192.80 in May.