TSX starts week higher
U.S. markets closed at record highs on Monday
- By: The Canadian Press
- July 15, 2019 October 31, 2019
- 16:30
U.S. markets closed at record highs on Monday
New rules for certain banks take effect in April 2020
Toronto and Montreal made gains, while B.C. saw declines
The dollar traded for an average of US76.70¢ on Friday
Reports indicate Canada’s inflation rate is on target
Report suggests measures such as shifting taxation from income to property
With inflation low and deflation talk no longer whispered, government bonds are thriving
Non-bank lenders held 1.7 million residential mortgages in Q4 2018
But the Dow Jones closed above 27,000 for first time
Reports from PwC, Manulife and Purpose address the uncertainty
Investment is down slightly in the second quarter, KPMG says
Jerome Powell cited low inflation as a justification for potentially lowering interest rates
Contributing factors include slowing economic growth, trade disputes, previous rate hikes and rising labour costs
The dollar traded for an average of US76.38¢ on Wednesday
AIMA predicts more fund transparency in the years ahead
Study notes immigrants are more likely to enjoy upward mobility
Sales in Calgary also declined in the first half
Energy sector pushes TSX higher on producer talks to increase Alberta output
Refinitiv reports equity issuance reached just $11.6 billion
Upcoming Fed decision will carry considerable weight
The ratio of elderly to working-age people is rising
Rate of urban starts increased by 26%
S&P/TSX composite index closed down 79.04 points on Monday
New system will be more focused on fees and stingier with medals
But flows into fixed income were offset by redemptions in equities