Nova Scotia News
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Updated 1 hour, 53 minutes ago
Canadian stocks rose for a fourth day, with a rally in metals miners offsetting losses among banks and oil producers, as investors weighed the pacing of U.S. central-bank stimulus measures.
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The following is the text of Canada’s retail sales report for March as released by Statistics Canada.
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Updated 1 hour, 52 minutes ago
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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Investors who are short selling Canadian banks are making an “expensive” gamble, said Bank of Nova Scotia Chief Executive Officer Richard Waugh.
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Canadian stocks rose for a third day, sending the benchmark equity gauge to the highest level in almost two months, as commodity producers and banks rallied.
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Bank of Nova Scotia Chief Executive Officer Richard Waugh said he was too optimistic about the swift completion of a deal to buy a stake in a Chinese lender.
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Julie Dickson, Canada’s banking regulator, said the current period of low interest rates threatens to increase risks for the country’s lenders and that it has become an issue she’s closely monitoring.
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Canada’s annual inflation rate fell in April to its slowest in more than three years, taking it below the central bank’s target band and adding to evidence of growing slack in the world’s 11th largest economy.
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The following is the text of Canada’s consumer price index report for April released by Statistics Canada.
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Royal Bank of Canada, Bank of Nova Scotia and six other large Canadian lenders are trading at the lowest premium to U.S. bank stocks in more than two years, as their American counterparts regain the confidence of investors.
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