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Economy News

Fed presses forward with bond buying, cites uptick in inflation

The Federal Reserve on Wednesday pressed ahead with its plan to wind down its bond-buying stimulus and upgraded its assessment of the U.S. economy, while reaffirming it is in no rush to...

Posted on 7-30-2014 at 2:15 PM

Deutsche Bank pretax profit rises as markets focus pays off

Deutsche Bank AG's bid to become "last man standing" in European investment banking is working, the bank said on Tuesday, even as the threat intensifies of costly litigation and regulatory...

Posted on 7-29-2014 at 2:19 PM

Ottawa begins fiscal year with $1.1B deficit

The Conservative government is starting the year off in the red, posting a $1.1-billion deficit over the first two months of the current fiscal year.

Posted on 7-25-2014 at 12:06 PM

TSX shrugs off weak oil, gold prices on solid earnings

Decent earnings reports from several resource stocks and a major telecom company helped Canada's main stock index keep intact a string of all-time highs on Thursday, despite slips in oil...

Posted on 7-24-2014 at 5:37 PM
IMF cuts 2014 global forecast after slowdowns in China, U.S.

IMF cuts 2014 global forecast after slowdowns in China, U.S.

The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices.

Posted on 7-24-2014 at 2:39 PM
IMF slashes U.S. outlook, but sees better 2015

IMF slashes U.S. outlook, but sees better 2015

The International Monetary Fund slashed its outlook for U.S. economic growth this year, the latest reminder of the toll an unusually difficult winter took on the country’s recovery.

Posted on 7-23-2014 at 2:59 PM
S&P 500 rises to record on Apple, biotech results; Dow retreats

S&P 500 rises to record on Apple, biotech results; Dow retreats

The Standard & Poor’s 500 index rose to an all-time high, as Apple Inc. boosted technology companies and health-care shares rallied amid earnings. Boeing Co.’s results dragged the Dow...

Posted on 7-23-2014 at 2:45 PM
Strong auto sales drive retail sales in May to new record

Strong auto sales drive retail sales in May to new record

Strong car sales helped push Canadian retail trade up by 0.7 percent in May to $41.98-billion, eclipsing April’s record sales, Statistics Canada reported on Wednesday.

Posted on 7-23-2014 at 9:13 AM

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