TSX may open higher as oil rallies
Toronto's main stock index finished higher in a late-session burst on Thursday with the materials group boosted by strength in gold-mining issues as bullion prices rose.
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.
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.
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.
Ontario Teachers' pension fund warns on options repricing
One of Canada's largest pension funds warned on Thursday that it did not want to see companies using the global stock market selloff as an excuse to reprice options it uses to pay executives.