TORONTO -- The Toronto stock market chalked up a modest advance Friday despite an unexpected decline in Canada's economy in November as the energy sector ran ahead amid a sharp gain in oil prices.
Tim Hortons was back in the news this week, first denying, and then admitting that it was laying off hundreds of head office workers.
Canada's gross domestic product contracted by 0.2 per cent in November, as the economy was dragged down by cheap oil prices and unexpected weakness in manufacturing and mining.
OTTAWA - The Canadian government says it posted a budgetary deficit of $3.3 billion over the first eight months of the 2014-15 fiscal year - a considerable change from the $13.4 billion shortfall over the same period in 2013-14.
Chevron Corp. is significantly slowing spending on the Kitimat liquefied natural gas project in Canada amid a crash in crude prices and global competition.