WATCH ABOVE: Vassy Kapelos sits down with Finance Minister Bill Morneau to discuss why this year's budget is a cautious one. What is this?
Oil edged higher on Friday, boosted by hopes that an OPEC output cut was beginning to balance a long-oversupplied market, but benchmark prices were on track for weekly losses as concerns persisted over an excess of crude.
The 2017 federal budget unveiled Wednesday drew praise from Toronto's mayor and budget chief for promising money toward transit, housing and childcare.
Canada's BRP Inc reported a better-than-expected quarterly profit on Friday, helped by strong demand for its snowmobiles, watercraft and other recreational vehicles.
High -profile Toronto developer Brad Lamb is warning a foreign home buyers tax could cause a Canada-wide recession, but a professor advocating for the tax says Lamb is just "fear mongering" to save his bottom line.