TORONTO - The Toronto stock market closed sharply higher Tuesday as a solid earnings report from the biggest U.S. home improvement retailer and a surge in housing starts reinforced sentiment that the American housing sector is rebounding.
TORONTO - Another Bombardier Inc commercial aircraft executive has left the company, the plane and train maker confirmed on Tuesday, the latest move following a major restructuring announcement last month involving its aerospace division.
Elizabeth Arden, the beauty company, blamed its celebrity fragrance lines featuring Justin Bieber and Taylor Swift, among others, for a steep drop in sales in the fiscal fourth quarter.
In an annual poll, the magazine's Intelligence Unit ranked Toronto just below Vancouver (the third most livable city in the world) and just above Calgary (tied for fifth place with Adelaide, Australia), giving Canada three countries in the top five.
A sharper than expected fall in inflation has cemented expectations that interest rates will not rise until next year, as economists said price rises would remain subdued for the rest of 2014.