For China's premier, the meltdown in his country's stock markets last week was not the homecoming he had been looking forward to.
July 7 (Reuters) - Canada posted a larger-than-expected trade deficit of C$3.34 billion ($2.63 billion) in May from a revised C$2.99 billion deficit in April, Statistics Canada said on Tuesday.
TORONTO - The Canadian dollar was down more than half a U.S. cent ahead of Tuesday's trading on North American stock markets. The loonie traded at 78.50 cents US, down 0.54 of a U.S.
Even concerns that Canada is on the verge of a recession did nothing to dampen demand for homes in June as the spring buying spree - and prices - hit new records.
U-S-based Standard and Poor's cites the province's heavy debt burden and what it calls budgetary underperformance compared with peers in other jurisdictions.