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  • 12 Dec 2016 15:15 | Manjot Cheema (Administrator)

    Cutting crude oil production beyond OPEC will help Canada through higher prices, though cuts from the cartel itself will benefit this country the most.

    Prices have been climbing since the Organization of Petroleum Exporting Countries agreed to reduce its collective output for the first time in eight years at the end of last month. Other major producers – most notably Russia – reached a similar deal over the weekend for the first time in 15 years. Taken together, and after accounting for some OPEC members being exempt from the cut, a combined 1.2 million barrels of daily production will come offline next year 

  • 08 Dec 2016 10:48 | Deepinder Loomba (Administrator)

    OTTAWA -- The country's trade deficit narrowed to $1.1 billion in October, the smallest shortfall since January, after hitting a record high of $4.4 billion the previous month due to the import of a key component for a Newfoundland offshore oil project, Statistics Canada said Tuesday.The result topped expectations of a deficit of $2 billion for the month, according to Thomson Reuters.

    The improvement came as imports fell 6.3 per cent to $44.7 billion in October after hitting a record high in September due to the import of a module from South Korea for the Hebron offshore oil development. 

  • 06 Dec 2016 11:37 | Deepinder Loomba (Administrator)


    BMO raised its dividend Tuesday as it reported a fourth-quarter profit of $1.35 billion, up a 11 per cent from a year ago.

    The bank increased its quarterly payment to shareholders by two cents to 88 cents per share.

    Bank of Montreal's profit of the quarter ended Oct. 31 amounted to $2.02 per share, up from $1.21 billion or $1.83 per share a year ago.

  • 02 Dec 2016 10:28 | Manjot Cheema (Administrator)

    OTTAWA -- The Canadian labour market unexpectedly added 10,700 net jobs last month and the unemployment rate slid to 6.8 per cent -- but the latest numbers raise questions about the quality of the work.

    Statistics Canada's November employment survey shows yet another monthly decline in the more-desirable category of full-time work -- a figure more than offset by a gain in part-time jobs.

    The report says the market added 19,400 part-time jobs last month and shed 8,700 full-time positions.Read More

  • 28 Nov 2016 11:26 | Deepinder Loomba (Administrator)

     OTTAWA - Canada's rental vacancy rate edged up in 2016 as the supply of apartments increased, but rental housing was harder to find in Vancouver and Toronto, where a long housing boom has driven real estate investment and a condo building boom.

    Canada's vacancy rate increased to 3.4 per cent in October from 3.3 per cent a year earlier, as the number of new units hitting the market outpaced the rise in occupancy, the Canada Mortgage and Housing Corp said on Monday.

    Several cities bucked the trend, however, with the market tightening in Vancouver and Toronto, where the vacancy rate fell to 0.7 per cent and 1.3 per cent, respectively.Read More

  • 23 Nov 2016 12:18 | Manjot Cheema (Administrator)

    How can advisors keep investors calm – and keep them as clients? Here are some ideas.

    In every client relationship, there will be good days and bad. In a time of shaky markets, however, clients may start to get restless. It could be a portfolio not working out or a market downturn, but something makes the investor think twice about their advisor.

    “In any relationship, there comes a time when we encounter a pinch,” says Norm Trainor, president and CEO of the Covenant Group, which provides coaching to financial advisors on how to grow their business. “Maybe the market craters. I don’t care how good a client you have, they will feel dissatisfied.”Read More

  • 21 Nov 2016 12:32 | Deepinder Loomba (Administrator)

    OTTAWA - Statistics Canada says the value of wholesale sales fell 1.2 per cent in September to $56.0 billion.

    Economists had expected a gain of 0.4 per cent from the previous month, according to Thomson Reuters.

    The drop follows increases in four of the previous five months.

    Read More
  • 17 Nov 2016 11:11 | Deepinder Loomba (Administrator)

    TORONTO -- TD Bank (TD.TO 0.53%) has quietly increased its fixed mortgage rates ahead of a similar move by Royal Bank of Canada (RY.TO 0.64%) to take effect Thursday, the latest sign that Canada's big banks are hiking the costs of borrowing for homeowners.

    Cheryl Ficker, a spokeswoman for TD, said Wednesday that the lender raised its special rate offer for a four-year fixed mortgage by five basis points to 2.44 per cent and for a five-year fixed mortgage by 10 basis points to 2.69 per cent. The changes kicked in Tuesday and affect all amortization periods, Ficker said. Read More

  • 14 Nov 2016 11:39 | Deepinder Loomba (Administrator)

    Less than a week after Donald Trump’s surprise Presidential victory, Prime Minister Justin Trudeau today will host a group of the world’s leading investors to raise awareness around investing opportunities in Canada.

    BNN has learned details of the Canadian government’s plan to oversee an investor summit in Toronto on Monday. The event will include BlackRock, the world’s largest money manager, and its clients -- including public pension funds, sovereign wealth funds, central banks and insurance companies, representing more than $21 trillion in assets.Read More

  • 10 Nov 2016 11:59 | Deepinder Loomba (Administrator)

    TORONTO -- While stock markets have been surprisingly resilient following the victory of U.S. president-elect Donald Trump, investors are still anxiously wondering what to expect with their portfolios in the weeks and months to come. Here are five considerations investors should take into account as they ponder how to react to Trump's historic win.

    Don't act rashly: "You shouldn't have a knee-jerk reaction to anything when it comes to investments," says Jason Heath, a fee-only financial planner with Objective Financial Partners in Toronto. While stock markets have remained relatively stable in the wake of Trump's victory, Heath says investors who sold their stocks following the sharp market declines after the Brexit panic in June

    Read More
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