The fall in oil prices was supposed to boost manufacturing, but manufacturing output has fallen even further than the energy sector, according to Statistics Canada.
SURREY - Many customers who took a risk on a variable interest rate on their mortgage or have line of credit which are based on the Bank of Canada (BOC) prime rate are angry that the major banks have decided not to pass on the full rate cut by the BOC.
TORONTO - The Bank of Montreal (TSX:BMO) has cut its five-year fixed mortgage rate by 20 basis points to 4.79 per cent. The bank has also changed a number of its other fixed mortgage rates, including its low- rate five-year mortgage, which also went down ...
TORONTO - A published report says the Canadian Imperial Bank of Commerce (TSX:CM) has cut more than 500 jobs over the past two weeks.
Greek bond yields spiked on Friday after the country's finance minister said the new Left-wing government would not co-operate with international creditors.