Global stocks rallied as investors focused on Janet Yellen's bullish comments on the U.S. economy, while bonds erased losses and the dollar fell after she gave no guidance on when the next Federal Reserve interest-rate increase may come.
Federal Reserve chair Janet Yellen said the U.S. economy has been helped by a solid job market. The S&P/TSX composite index was up 103.00 points at 14,733.72 this morning.
The federal government ran a $995-million deficit over the first quarter of the fiscal year, an outcome Ottawa says is roughly in line with projections in the March budget.
Labour Minister MaryAnn Mihychuk said Canada Post and the Canadian Union of Postal Workers will begin working with a special mediator Friday morning in the face of a union threat of job action.
Northern Manitoba's First Nations want to take ownership of the soon-to-be-shuttered Tolko pulp and paper mill in The Pas. Sheila North Wilson, grand chief of Manitoba Keewatinowi Okimakanak, said the mill is too important to northern First Nations to ...