OTTAWA -- Canada's trade deficit grew to $3.34 billion in May from $3.0 billion in April, increasing chances the Bank of Canada will cut its key interest rate next week, economists said Tuesday.
Toronto home sales hit a new record in June 2015, as the average sale price reached $639,184. Read the full report. Nearly 12,000 residences were sold last month, according to a report issued Tuesday by the Toronto Real Estate Board (TREB).
Potash Corp. (POT -2.2%) reportedly would be open to raising its $8.6B bid for K+S (OTCQX:KPLUY) if the German company could reveal more value not currently seen by the Canadian company.
VANCOUVER -- Finance Minister Joe Oliver is tempering his optimistic outlook on the country's economy, saying it's too early to tell whether Canada has slumped into a recession.
Alberta may be able to avoid a recession this year, but even if it does, its economy will see scarcely any growth. Fort McMurray oilsands emissions.