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.
Goodwill's Toronto-based operation has filed for bankruptcy following a month of turmoil at the corporation, which saw locked-out workers and what the corporation president earlier called a "cash flow crisis.
The value of building permits issued in Kitchener, Waterloo and Cambridge increased nearly 25 per cent between November and December, newly-released statistics show.
Suncor moved Monday to replace directors and managers at Canadian Oil Sands, the largest owner of Syncrude. Darcy Henton / Calgary Herald.
The low Canadian dollar is finally starting to lure more Americans northward, but Canadians are still expected to spend twice as much in the U.S.