OTTAWA (Reuters) - Canada's trade deficit widened to its second-largest on record in May as non-energy exports fell, fueling expectations the Bank of Canada could cut interest rates as early as next week to support an economy at risk of recession.
Frustration at an apparent lack of progress in last ditch-efforts to keep Greece in the eurozone jolted markets Tuesday, with stocks falling sharply for a second day and safe-harbor assets rallying.
Toronto home sales hit a new record in June 2015, as the average sale price reached $639,184. Read the full report. Nearly 12,000 residences were sold last month, according to a report issued Tuesday by the Toronto Real Estate Board (TREB).
Lelu Island, near Prince Rupert, is where energy giant Petronas plans to build an LNG export facility. Robin Rowland / THE CANADIAN PRESS.
THE CANADIAN PRESS/Ryan RemiorzJean Coutu, chairman of the Jean Coutu Group. The company says its first-quarter revenue was up 3.5 per cent from a year earlier, rising to $712.4 million from $668.6 million.