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Canada's economy added net 37,300 jobs in January, beating expectations, while wage growth decelerated slightly in January, Statistics Canada said on Friday. The unemployment rate edged down to... -February 09, 2024 at 08:58 am EST - MarketScreener
TORONTO (Reuters) -Small, loosely-regulated lenders in Canada who rode a pandemic housing boom to offer mortgages at high interest rates are now showing signs of stress as a spike in living costs pushes some homeowners toward a default. Canada's C$2 trillion ($1.5 trillion) mortgage market is dominated by the "Big Six" major banks that include Royal Bank of Canada and TD Bank. But for many Canadians unable to pass a rigorous test to qualify for a home loan, there has long been another option: private lenders who offer short-term mortgages at rates that are several percentage p...
By Nivedita Balu TORONTO (Reuters) -Small, loosely-regulated lenders in Canada who rode a pandemic housing boom to offer mortgages at high interest rates ...
As Chevron Corp markets its Duvernay shale assets, the U.S. oil major is most likely to find a buyer among a handful of mid-sized Canadian firms that are boosting investment in a region that has yet to fulfil its potential, analysts say.
The Bank of Canada held its key overnight rate at 5% on Wednesday and said while underlying inflation was still a concern, the bank's focus is shifting to when to cut borrowing costs rather than... -January 24, 2024 at 10:19 am EST - MarketScreener