Stocks fell on Friday, curbed by the continued surge in global bond yields, while the U.S. dollar hit a three-month high against the yen as investors grew more confident that the Federal Reserve will raise U.S.
National Bank of Canada's decision to cut 600 jobs and take a $175-million restructuring charge underlines the realities of slow economic growth and a fast-changing competitive environment for Canada's banks.
Bank of Montreal on Friday announced changes to its management team with Darryl White appointed chief operating officer, replacing Frank Techar who becomes vice-chair.
Scientists at the Oak Ridge National Laboratory, a government-owned research institution in Tennessee, announced that they unintentionally discovered how to turn CO2 into ethanol.
Canadian stocks rose on Thursday, snapping a three-day slide as some key companies posted healthy earnings and crude bounced back slightly from the lowest levels in three weeks.