Canadian stocks slumped a fifth day on Thursday joining a sell-off in markets around the world amid waning confidence central banks can support the global economy, as commodities prices fall and growth stalls.
The Molson Coors brewery is seen Wednesday, June 3, 2015 in Montreal. Molson Coors Brewing Co. says a sluggish economy and higher food prices are affecting beer drinking in Canada's oil-rich provinces.
Energy companies are digging in for another year of downturn by slashing spending, costs and staff as crude prices dip to new multiyear lows.
TransCanada Corp. has revealed that job cuts hit about 10 per cent of its work force late last year, and the company's executives say layoffs at the pipeline and power company might not be over yet.
METRO VANCOUVER -- For the average young family living in Metro Vancouver, price tags for detached homes have climbed so high that there is little hope of ever being able to afford one.