Shares in alternative lender Home Capital tumbled more than 60 per cent on Wednesday after the company said the terms of a new $2-billion line of credit it is arranging will leave it unable to achieve its financial targets.
Canada's main stock index fell on Wednesday, pulling back from a two-month high the day before as lower oil prices pressured energy stocks, while shares of Home Capital Group slumped after the company announced a credit line agreement.
BCE Inc. continues to benefit from higher wireless prices and increased mobile data use, helping to offset slower growth in its television and Internet business and a loss of ad spending on the Super Bowl.
There's a difference between housing and real estate. Housing is where we live; real estate is an investment. It's a pedantic but critical distinction.
The province's Liberal government plans to spend $390 million over seven years to improve highways in Nova Scotia, and won't be using tolls to pay for the work.