Case for interest rate hike builds as underlying inflation measures rise
But a wild card remains in play
- September 21, 2018 September 21, 2018
- 14:39
But a wild card remains in play
Various reports make the case but the government may prefer targeted measures
Pace of starts slowed in August when compared with July
Laurentian Bank of Canada’s net income was virtually flat in the third quarter compared with last year at $54.9 million, as the company recorded acquisition-related costs and other expense increases that offset 5% higher revenue. The Montreal-based company’s net income per share amounted to $1.23, which was down from $1.48 per share or $54.8 million […]
CIBC raised its quarterly dividend as it reported a third-quarter profit of $1.37 billion and gains in its wealth management business. The bank says it will now pay a quarterly dividend of $1.36 per share, up from $1.33. The increased payment to shareholders came as CIBC says it earned $3.01 per diluted share for the […]
Lower sales attributed to stricter regulations for uninsured mortgages
BitConnect, the BCC Exchange, and representatives of BitConnect are not registered in Ontario
The annual pace of housing starts slowed in March compared with February said the Canada Mortgage and Housing Corp. on Tuesday. The seasonally adjusted annual rate slowed to 225,213 units last month compared with 231,026 in February. Multiple urban starts, which includes buildings such as apartments, townhouses and condominiums, fell 7.3% to 144,578 units in […]
Canada ran a merchandise trade deficit of $2.7 billion in February compared with a deficit of $1.9 billion in January, reported Statistics Canada on Thursday. Economists had expected a deficit of $2 billion, according to Thomson Reuters. The increased deficit came as imports rose 1.9% to $48.6 billion, boosted by imports of energy products. Read: […]
Vancouver and Toronto get all the attention, but another Canadian housing market saw big gains last month. Average Montreal island home prices hit a record high of almost $500,000 in October, rising 12.7% from the prior year, the area’s real estate board said Monday. Single family homes in the city and suburbs saw price increases […]