The U.S. economy grew at its fastest pace in two years in the third quarter as a surge in exports and a rebound in inventory investment offset a slowdown in consumer spending.
National Bank of Canada's decision to cut 600 jobs and take a $175-million restructuring charge underlines the realities of slow economic growth and a fast-changing competitive environment for Canada's banks.
British government bonds are facing the largest monthly loss in eight years, as the sliding pound leave them most at risk to broader unease in sovereign bond markets that were sent to records earlier this year by central bank stimulus and low inflation.
Bank of Montreal has shuffled some of its top executives in a move ostensibly designed to position the lender for additional growth, but raises the possibility that the bank is also getting ready for a transition in its top leadership.
Quebec should recognize Canadian values and support its neighbours, Newfoundland and Labrador's finance minister said Thursday as the two provinces clashed over the Muskrat Falls hydroelectric project.