Building permits sag, purchasing contracts
Purchasing activity in Canada contracted to its lowest level ever last month, while building permits fell sharply in October, two reports showed on Thursday, providing the first strong indications of a slower fourth-quarter economy.
TD Bank CEO sees "reasonable" 2009 earnings increase
Toronto-Dominion Bank should see profit growth in 2009, thanks to a full year's contribution from its Commerce Bank network in the United States, as well as momentum in its Canadian retail operations, the bank's chief executive said on Thursday.
November job losses expected in Canada
Canadian job losses likely began in earnest in November as the economy stagnated, following three straight months of surprisingly strong employment growth, analysts said on Thursday.
Canadian dollar rises as parliament to be suspended
The Canadian dollar fell nearly 2 percent in less than 90 minutes on Thursday after leaders of opposition parties said they still aim to oust the country's Conservative government from power.
TSX set to open lower on weak commodities
The Toronto Stock Exchange's main index tumbled more than 300 points late on Thursday afternoon on weakness in energy issues as oil prices dropped on fears a gloomy world economic outlook will hit demand.
Four Canadian banks report, profit falls at three
Three of four Canadian banks reported lower profits on Thursday, but the results of the big players were either in line with market expectations or with the banks' own warnings in recent weeks.