Canada's benchmark stock index hit a new all-time high of 15,561 on Wednesday, buoyed by higher commodity prices and despite some shaky corporate profits.
WASHINGTON - Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
Commuters walk past a Sears store in Toronto on Thursday April 25, 2013. Sears Canada Inc. reported a net loss of $21.3 million, or 21 cents per share, in the second quarter, compared to a profit of $152.8 million, or $1.50, in the same period last year.
An economist at Canada's biggest bank says home prices could start falling in 2016 if interest rates return to more normal levels.
WASHINGTON (Reuters) - The U.S. Federal Reserve hinted on Wednesday that a surprisingly strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating.