World markets
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RBC raises growth forecast for Canada
TORONTO - Canada's growth outlook appears to be stronger than previously thought, thanks to an improving trade picture and the strength of corporate balance sheets, economists at the Royal Bank of Canada said Wednesday.
| 12,351.00 | -16.46 | (-0.13%) | |
|
| 928.87 | -1.12 | (-0.12%) | |
| 15,278.18 | -40.05 | (-0.26%) | ||
| 1,647.49 | -4.32 | (-0.26%) |
Top stories
TORONTO -- The Toronto stock market was lower Wednesday as traders hoped the U.S. Federal Reserve will shed some light on what it intends to do about curbing some of its economic stimulus.
The following is the text of Canada's wholesale trade report for April from Statistics Canada. Wholesale sales rose 0.2% in April to $49.0 billion, mainly as a result of higher sales in the computer and communications equipment and supplies industry.
Verizon Communications Inc. confirmed on Tuesday that it is considering an entry into Canada's $19-billion wireless market in the wake of a report earlier this week by The Globe and Mail.
Canadian integrated energy company Imperial Oil Ltd. (IMO) said Wednesday that it will convert its crude-oil refinery in Dartmouth, Nova Scotia into a terminal operation after failing to find a buyer willing to operate the refinery.
OTTAWA (Reuters) - Canada's net foreign debt dropped almost 25 percent in the first quarter of 2013 as higher foreign stock markets boosted the value of Canadian assets abroad, Statistics Canada said on Wednesday.
Bank of Canada daily digest
| Money markets | Change | |
| Overnight rate | 1.01% | +0.0051 |
| Corporate paper, 1 month | 1.12% | 0.00 |
| Treasury bill, 1 month | 1.01% | 0.00 |
| Inflation | ||
| Total consumer price index | 0.400% | -0.6000 |
| Interest rates | ||
| 10 year bond | 2.62% | +0.0100 |
| Prime business rate | 3.00% | 0.00 |
| Conventional mortgage, 5 yrs | 5.14% | 0.00 |