There’s some positive economic news out of the U.S. this morning, with the Commerce Department reporting incomes rose 0.4% in October, making it the best month since March.
The rise in prices Canadians pay for most goods began to moderate last month, dipping below 3% for the first time since July and beginning what analysts expect is a trend to lower inflation.
Foreign investors added $7.4 billion of Canadian securities to their holdings in September, led by acquisitions of federal treasury bills, according to Statistics Canada.
Italy's Senate has approved economic reforms demanded by the European Union, paving the way for Premier Silvio Berlusconi to resign as early as this weekend and a new government to be formed.
Third quarter volatility hurt more than your client statements; it took a bite out of the earnings of the brokerage industry.
The U.S. jobs crisis may be easing slightly on the strength of a fourth straight month of modest hiring and a dip in the unemployment rate.
There are signs that inflationary pressures could be building in the U.S. economy, as the cost of gas and food rose for companies in September, according to the latest data from the U.S. Labour Department.
RBC is in talks to remove itself from troubled European bank Dexia, with a proposal to buy the 50% of RBC Dexia Investor Services the Canadian bank doesn’t already own.
A judge has thrown out several lawsuits by investors who blame hedge funds for failing to detect Bernard Madoff's massive fraud, saying the one-time Nasdaq chairman "cleverly leveraged his considerable reputation" to dupe even the most sophisticated financial entities, including regulators and Wall Street banks.
The staff of the U.S. Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor's debt ratings agency over its rating of a 2007 collateralized debt offering.