Debt-burdened Canadian seniors need to tighten their belts this holiday season
Canadian seniors’ debts have increased by 6.8% in just one year to an average of $13,380. Although they owe less than any other age...
Is China really the largest economy in the world today?
According to the International Monetary Fund, the largest economy in the world today is China, while the United States, for the first time in...
James Dimon is cancer free, internal JPMorgan memo says
Within three months of completing scheduled treatment, JPMorgan Chase & Co.’s CEO James Dimon told employees that he appears to be cancer free. Test...
Premier Foods in mafia-style extortion shakedown?
After being caught allegedly shaking down its suppliers for investment money, otherwise they would be ‘de-listed’, Premier Foods plc, the maker of Ambrosia, Mr...
US consumers increased borrowing in October, says Fed
US consumers increased their borrowing in October, but at a slightly slower rate than in September as credit card use declined.
According to the Federal...
National Bank posts higher profit and hikes dividend
National Bank of Canada (NA.TO) reported a 14 percent increase in adjusted quarterly profit to $330 million (91 Canadian cents per share), up three...
Dow and S&P 500 closed at record highs on Friday
American markets closed at record highs on Friday, representing the seventh consecutive week of gains.
The Dow Jones Industrial Average and the S&P 500 both...
Canada’s trade surplus narrowed sharply in October to $99m
Canada’s trade surplus with the world narrowed sharply in October to $99 million from $307 million in September. Imports rose by 0.5% to $44.8...
Scotiabank posts 14% lower profit in 4th quarter due to job cut charges
Bank of Nova Scotia, commonly known as Scotiabank, posted a 14% lower fourth quarter profit, caused by workforce reduction costs and branch closures. Net...
German GDP growth forecast halved by Bundesbank
Germany’s central bank, the Bundesbank, reduced its growth forecast for the country’s economy for 2015 from 2% to 1%, despite factory orders jumping by...