Home Capital Group Inc.'s shares plunged nearly 65 per cent on Wednesday, pulling down the stocks of other alternative mortgage lenders along with it.
The Nova Scotia government introduced a balanced budget on Thursday with all the makings of an election document, including tax cuts, increased spending and a host of new programs aimed at every key voting demographic.
Donald Trump's aggressive tax-cut proposal is seen as a hard sell to Congress. What's surprising is that investors don't seem to be buying the value, or possibility, of a large rate cut, either.
In the U.S., the Dow Jones Industrial Average decreased 0.10 per cent, the S&P 500 index lost 0.05 per cent, and the Nasdaq composite index was relatively unchanged.
Ontario's Liberal government will table its first balanced budget in a decade today and it's expected to be chock full of new spending, with the provincial economy firing on all cylinders and an election campaign one year away.