OTTAWA - The Bank of Canada's benchmark interest rate needs help in shoring up the financial system from growing risks like rising consumer indebtedness, deputy governor Timothy Lane said in a speech Monday.
TORONTO (Reuters) - Canada's main stock index fell on Monday as banking, energy and consumer stocks lost ground, offsetting gains among gold miners as global growth concerns mounted.
The two ministries that handed nearly $4 million to Goodwill Industries of Toronto, Eastern, Central and North Ontario (TECNO) in 2014-15 insist to this day the now-defunct agency spent the money for the purposes intended.
By now, any scenarios in which Canada's battered economy is rescued by a sudden upturn in oil prices have largely disappeared from the conversation.
The value of building permits issued in Kitchener, Waterloo and Cambridge increased nearly 25 per cent between November and December, newly-released statistics show.