Statistics Canada says Canadian municipalities issued building permits worth $7.2 billion in October, up 7 per cent from the previous month and continuing an upward trend.
OTTAWA -- A new analysis of Canada's key trading firms suggests they are increasingly optimistic about the prospects for boosting exports to the rest of the world, which the Bank of Canada calls the missing piece in the country's economic recovery.
Canadian Imperial Bank of Commerce's profit slipped in the fourth quarter, capping off a year with muted growth. Canada's fifth largest lender reported earnings of $836-million, down slightly from the $852-million it made in the same quarter of 2012.
TORONTO - Toronto-Dominion Bank (TSX:TD) had $1.622 billion of net income in the fourth quarter, up from last year but below analyst estimates.
VICTORIA - The condo lifestyle is drawing baby boomers looking to downsize and young adults seeking easy access to urban activities.