David Scanlan News
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Vancouver remains the least affordable city to buy a house in Canada while home ownership in Toronto is becoming more difficult, Royal Bank of Canada Economics Research said.
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Toronto-Dominion Bank, the first Canadian lender to report second-quarter results, said profit rose 1.8 percent on gains in U.S. consumer lending.
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Home Capital Group Inc., the Canadian mortgage lender targeted by short sellers, plans to double its loan portfolio by adding customers turned away by the country’s biggest banks.
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Oil pipelines, under attack from environmentalists, are essential to Canada’s economic growth just as railroads were in the 1880s, Enbridge Inc. Chief Executive Officer Al Monaco said.
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Toronto Mayor Rob Ford’s brother Doug said media reports that the head of Canada’s largest city used cocaine are untrue.
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Canada’s biggest pension-fund manager will “significantly” cut its C$64 billion ($62.3 billion) allocation to bonds as the fixed-income market’s foothold among its most loyal base of investors grows less certain.
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Canadian retail sales stalled in March after gains in the prior two months, as increases in auto and clothing receipts were offset by lower gasoline prices.
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Caisse de Depot et Placement du Quebec is selling some of its European property and redeploying proceeds in assets such as infrastructure while the euro-area economy shrinks, Chief Executive Officer Michael Sabia said.
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BRP Inc., the maker of Ski-Doo snowmobiles, watercraft and all-terrain vehicles, raised C$262.3 million ($254.4 million) in the biggest Canadian IPO this year.
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Canada’s banking regulator Julie Dickson says that her agency is a dark place, and that gives her comfort as she prepares to enter her final year on the job.
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