As Mark Chandler sees it, the Bank of Canada has “more to fear now than fear itself.” So markets will be watching closely for the tone of this morning's rate-decision statement from Governor Stephen Poloz and his central bank colleagues.
Bank of Montreal reported higher fiscal second-quarter profit and hiked its dividend to lead off earnings season for Canada's big banks, even as slower-than-expected business activity in the U.S.
Bitcoin, the decentralized digital currency with global name recognition, has jumped in value once again. The value of the cryptocurrency surged past $2,000 US on May 20, according to data from institutional digital currency exchange GDAX.
Quebec construction workers walked off the job May 24, 2017. Work schedules and overtime are believed to be at the heart of the conflict.
The average mortgage debt in the country rose 11 per cent during the past year to more than $200,000 even as 52 per cent of Canadians say they lack the financial flexibility to quickly adjust to a change in costs, according to a new survey.