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.
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.
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.
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.
The Ivey Purchasing Managers Index was at 53.7 on a seasonally adjusted basis in November, indicating that purchasing activity in Canada expanded from October.