OTTAWA -- Canada's trade deficit grew to $3.34 billion in May compared with $3.0 billion in April, increasing the chances the Bank of Canada will cut its key interest rate next week, economists said Tuesday.
TORONTO, July 7 Canada's main stock index was lower shortly after the open, as material stocks, home to mining and other resource names, slumped more than 2 percent to lead the market lower.
Home prices in Canada's largest city continue to hit all-time high levels during a record sales pace in June but the Toronto Real Estate Board maintained in its monthly release that there is still affordability in the marketplace.
Lelu Island, near Prince Rupert, is where energy giant Petronas plans to build an LNG export facility. Robin Rowland / THE CANADIAN PRESS.
Data released by Statistics Canada Monday shows the May price for 100 pounds of Alberta beef at slaughter was $192.80. That's a 36% jump from the same month a year earlier and the highest price on record in this country.