Canada's main stock index rose on Tuesday, bolstered by bank stocks ahead of the release of earnings reports and a surge in BlackBerry Ltd shares, as trading resumed a day after the Victoria Day holiday.
Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from Manulife Bank suggests.
Royal Dutch Shell (RDS.A, RDS.B) is seeking to sell a ~C$4.1B (US$3B) stake in Canadian Natural Resources (CNQ -1.4%) that it acquired as part of a deal to retreat from Canada's oil sands earlier this year, Reuters reports.
The Alberta government introduced a bill Tuesday that will allow it to place a cap on regulated electricity rates for the next four years.
That the global oil market is set to tighten over the coming years is not in doubt, but whether it's time to hit the panic button over a future supply crunch is another issue.