TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.
Canada's gross domestic product shrank in August, an unexpected decline led by oil and gas extractors. Output shrank 0.1 percent to an annualized C$1.63 trillion ($1.45 trillion), Statistics Canada said today in Ottawa, while the median forecast in a ...
As part of a �streamlining� of its capital markets business, the Bank of Nova Scotia has cut 28 positions from its operations in Toronto, New York and London.
U.S. and Canadian stock markets at midday were holding onto most of their gains from this morning, when they jolted higher in reaction to unexpected news that the Bank of Japan is aggressively boosting stimulus measures.
Bombardier is suspending negotiations on a $3.4-billion proposal to assemble turboprop aircraft in Russia due to the country's political situation and weak economy.