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 stocks were lower Thursday amid a mixed bag of earnings from three of Canada's big banks while concerns about what the Federal Reserve will do with a key stimulus measure grew in the wake of more positive economic data.
CIBC made $836 million in net income in its fiscal fourth quarter, down from $852 million in the same period last year, with one-time items offsetting growth at the bank's main operations.
A report set for release today will urge the federal government to do more to build trust with aboriginal communities and ensure their participation in proposed energy projects on Canada's West Coast.