Alberta's housing market is not yet feeling the full weight of low oil prices as the number of newly insured mortgages rose in the province during the first quarter of the year, Canada's federal housing agency reported.
Ben Nelms/BloombergScotiabank could spend as much as $2.5 billion on acquisitions without issuing stock, while maintaining is target capital cushion, according to analyst Peter Routledge and his associates.
Canada's main stock index ended lower on Friday, capping a 1.2-per-cent decline for the week, as investors shied away from heavyweight financial stocks amid evidence of a shrinking economy.
Canada is second only to the U.S. in levels of entrepreneurial activity, beating most G7 countries and much of the developed world.
Intel Corp. has resumed talks to buy programmable-chip maker Altera Corp and is close to a $16-billion (U.S.) deal, people familiar with the matter said on Friday, paving way for the third mega semiconductor-chip deal this year.