Manulife knocks down report of accounting probe
Canadian insurance giant Manulife Financial forcefully rejected on Thursday a recent news report that U.S. state regulators were investigating its accounting practices.
Bank of Canada hints at more rate cuts to come
The Bank of Canada hinted on Thursday that it would continue to lower interest rates this year but gave no indication of how deep the cuts would be as the global recession hits the Canadian economy.
Canada November building permits fall to 21-month low
The value of Canadian building permits tumbled 11.8 percent in November from October to a 21-month low, Statistics Canada said on Friday, adding to evidence that the economy began contracting in late 2008.
Flaherty sees "substantial" deficit
WHITBY, Canada will run a "substantial" budget deficit in the next fiscal year as it enacts stimulus measures to help shelter the economy from the effects of the global economic downturn, Finance Minister Jim Flaherty said on Thursday.
TSX may open higher as oil rallies
Toronto's main index could open higher on Friday as investors resume their appetite for riskier assets after key jobs from the United States showed employers cut payrolls in December by less than expected.
Economy sheds 34,400 more jobs in December
(Reuters) - Canadian employers cut more jobs in December than expected for a net job loss of 34,400, with the construction sector posting the biggest declines, Statistics Canada said on Friday. The unemployment rate rose to 6.6 percent from 6.3 percent in November.