TORONTO (Reuters) - Royal Bank of Canada (RY.TO: Quote), the country's largest bank, said on Thursday that its quarterly profit rose 11 percent and that Chief Executive Officer Gordon Nixon would step down next summer after 13 years in his position.
The federal budget watchdog says the Harper government is closer to eliminating the deficit than even its own rosy projections issued last month suggest.
The Toronto stock market was lower Thursday amid a mixed bag of earnings from three of Canada's big banks while concerns about what the Federal Reserve will do with a key stimulus measure grew in the wake of more positive economic data.
OTTAWA -- A new analysis of Canada's key trading firms suggests they are increasingly optimistic about the prospects for boosting exports to the rest of the world, which the Bank of Canada calls the missing piece in the country's economic recovery.
Statistics Canada says Canadian municipalities issued building permits worth $7.2 billion in October, up 7 per cent from the previous month and continuing an upward trend.