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Recession-battered Canadians are growing more conservative with their money and turning away from high risk investments to the safety of savings accounts — a trend that banks are cashing in on, industry insiders say. Canadians this year have opened about 20 per cent more chequing and savings accounts than lastContinue Reading
Toronto’s main stock index dropped on Monday to its lowest in nearly five months as energy, materials and financial issues receded on concerns about global economic growth. The broad-based decline came on thin trading on a day when U.S. markets were closed for the Independence Day holiday. Among the biggestContinue Reading
Ontarians expecting some immediate price hikes on Canada Day when the new harmonized sales tax comes into effect scrambled to make their last-minute purchases Wednesday hoping to save on the cost of gasoline at the pumps. With only half a tank of gas, Toronto film technician Dean Ford made sureContinue Reading
Canada’s economy stalled in April on a slide in retail sales, suggesting the pace of growth is slowing and that the central bank may think twice about raising interest rates again this month. Statistics Canada said on Wednesday real gross domestic product was flat in the month after seven straightContinue Reading
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