Sixth straight monthly rise in sales
Laurentian Bank (TSX:LB) anticipates margins on its core retail financial services will remain under pressure for the foreseeable future, but expects revenue growth will continue, executives said Thursday.Laurentian chief financial officer Michel Lauzon said overall net interest income has risen by an average annual rate of 10% over the past four years and by 17% […]
Source: The Canadian PressThe composite leading index rose half a percentage point in December, matching gains in October and November.Statistics Canada reports five of 10 components advanced, led by stock market prices and household spending.Most components related to manufacturing softened in December.The housing index increased 1.5%, its second straight gain after six consecutive declines.A decline […]
Auto and utilities sectors will likely stand out
Source: The Canadian PressManufacturing sales declined 0.8% in November to $44.9 billion, led by decreases in the motor vehicle and motor vehicle parts industries.Statistics Canada reports manufacturing sales edged up 0.2% when the motor vehicle industries were excluded.Constant-dollar manufacturing sales fell 1.4% in November.Higher sales were reported in 12 of 21 industries, representing 55.2% of […]
Scotiabank extends deadline for takeover offer
Real GDP expected to grow by 2% this year
Economic growth forecast to be just under 2.5%
Non-residents snap up a further $8 billion of Canadian securities
Deal expected to close in February