TSX, New York markets climb
Loonie slips as gold and oil prices weaken
- By: Linda Nguyen
- February 16, 2016 February 16, 2016
- 17:05
Loonie slips as gold and oil prices weaken
However, the near-term risk is low, a report from the credit rating agency says
Canadian and U.S. markets will be closed on Monday
Some very large transactions spurred the growth, though, as the quarter saw the lowest level of deal activity in two years
New York markets finish mixed
Yellen highlights global threats that could hamper growth in report to Congress
Ottawa should not impose an arbitrary limit on deficits if it hopes to truly help kickstart the struggling Canadian economy
In face of stock market losses, investors flock to safety of gold
Other regulatory measures are also needed, says deputy governor Timothy Lane
The value of building permits for multi-family homes rose 39.1% to $2.3 billion
The committee will asks economists from the banking and financial sectors and from government to contribute to its inquiry
Oil prices will likely remain below US$50 a barrel until the end of 2017
However, the knock-on effects of the energy sector slowdown could have a bigger impact on banks’ loan books
Asian, European banks still dominant
Weakness in the resource sector tempers employment, confidence and household spending
The province is forecast to run a deficit of $347 million this year
70% of Canadian M&A professionals are expecting more deal activity in 2016 compared with 2015
The issue will support eight environmentally friendly, low-carbon infrastructure projects
But the risks are offset by funding mix and strong liquidity
Dow industrials soars almost 400 points
Loonie falls and New York down as Fed holds steady
Advisors are also optimistic that the loonie will rise in comparison to the greenback
The gloomier forecast reflects several supply and demand factors
The rating outlook for RBC has been revised to negative from stable
Desktop and mobile websites for retail investors range from “average to alarmingly weak”