Iconic Canadian brand Canada Goose, known for its popular luxury outerwear, said Thursday it plans to open its first retail stores this autumn.
The impact of low oil and gas prices hit Canada's banks in the second quarter, notably Canadian Imperial Bank of Commerce, which reported a spike in provisions for credit losses tied to the oil and gas sector, as well as increased write-offs tied to ...
TORONTO (Reuters) - Canada's main stock index rose to a fresh nine-month high on Thursday as mining stocks rallied, while stronger-than-expected earnings from the country's biggest bank by market value helped financials edge higher.
The devastating wildfires in northern Alberta and Saskatchewan will put Canada's GDP into negative territory this quarter as oil production is cut back, but there is no need to change monetary policy, the Bank of Canada says.
National PostRoyal Bank of Canada (RBC) said on Thursday bad loans increased by $583 million, or 19 per cent, in the second quarter from the quarter before, largely due to a rise in credit to oil firms that had turned sour.