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Sagging GDP spurs talk of deeper cuts from Bank of Canada

Economists said the November disappointment puts the 2014 fourth quarter on pace for a tepid 2-per-cent annualized growth rate. But perhaps more troubling was the source of the weakness in the November numbers: Oil wasn’t the biggest problem.

Energy Watch: The end of optimism

Natural gas traders triple bearish bets as winter prices tumble

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Tesla 'Insane Mode' shocks unsuspecting passengers

Now, the original Model S was already fast, but the 691-horsepower all-wheel P85D comes with a button for an "Insane Mode."

Spurs' Tim Duncan alleges $20M in investment losses

The losses from 2005 and 2013 were discovered during a review of Duncan's finances as part of his divorce.

Canadian and U.S. jobs data: Andrew McCreath previews the week ahead

BNN commentator Andrew McCreath previews the trading week ahead, including the Canadian jobless rate and U.S. non-farm payrolls.

Top Picks from Keith Richards

Top Picks from Keith Richards, portfolio manager at ValueTrend Wealth Management.

TSX rises as energy rally outweighs banks’ decline

Canadian stocks rose, erasing an earlier loss, as energy companies rallied on the biggest jump in crude- oil prices since 2012, overshadowing declines in bank shares.

Oil jumps on drop in U.S. rig count

Oil prices surged on Friday following the sharpest weekly drop in U.S. oil rig count in nearly 30 years, while the dollar index was on track to end January with gains of about 5 percent.

BCE: CRTC missed 'by a wide, wide, wide margin' on protecting jobs

Mirko Bibic, chief legal and regulatory officer at Bell and BCE says the decision by Canada’s Broadcast Regulator to remove simultaneous substitution from the Super Bowl hurts job prospects in the broadcasting industry.

Prem Watsa's Fairfax India slips in trading debut

Fairfax India Holdings Corp., the $1 billion fund created by investor Prem Watsa, dipped in its Canada trading debut after an initial public offering.

Target to seek two-month extension of protection from creditors

Target already has pulled mobile phone products from its 133 Canadian outlets and closed Starbucks cafés in them, according to a filing on Friday with the Ontario Superior Court of Justice. Soon it will begin liquidation sales and set up a data room for would-be buyers of its store leases to try to collect whatever value is left in the business, the documents say.

IMF urges Ottawa to be cautious while fighting its deficit

The International Monetary Fund has cautioned Ottawa to go easy on its deficit-fighting zeal, in light of the growing risks to Canada’s economic health.

Lower loonie fallout: Taking stock of the winners and losers

While some economists say the currency’s drop represents a return to the Canadian dollar's "natural" value, what it will also mean are changes in the way Canadians shop.

CRTC opens door for U.S. Super Bowl ads to air on Canadian TV

Canadian viewers wanting to see flashy American Super Bowl ads are finally getting their way.

Used pickup truck ad suggests laid off oil workers embrace drinking, cocaine and prostitutes

This isn't just a pickup truck. It's a lifestyle.

Be worried for Canadian job market in 2015, labour indicators show

Canadian payroll employment dropped in November by the most in almost five years, a government report showed Thursday, adding to concern the outlook for the nation’s labour market is dimming as oil prices tumble.

Oil set for record bear run as OPEC output grows

Oil fell below $49 a barrel on Friday and was on course for its seventh straight month of declines, the longest such bear run on record as a supply glut showed no signs of easing with OPEC increasing production in January.

Top Picks from Keith Richards

Top Picks from Keith Richards, portfolio manager at ValueTrend Wealth Management.

Top Picks from Greg Newman: Hudson’s Bay Company, Manulife Financial, and Shaw Communications

Top Picks from Greg Newsman, director and associate portfolio manager at ScotiaMcLeod.

Canadian Oil Sands cuts dividend 86%

The 86 percent reduction is the biggest since 1998, when the company lowered its dividend 90 percent to 5 cents a share.

Toronto best place to live in world, Montreal second: The Economist

Toronto and Montreal are the top two best places to live in the world, according to The Economist Intelligence Unit.

Energy Watch: The end of optimism

The more Canada’s energy patch experts shrug and say “we’ve been through this before,” the more it seems clear this downturn will be worse than the many dips of decades past.

Sagging GDP spurs talk of deeper cuts from Bank of Canada

Banks’ prime-rate cut falls short of BoC in a bid to protect profits

Traditionally, bank prime rates move in lockstep with the central bank, but one bank said it now factors in other variables.

RBC, BMO and TD Bank cut prime to 2.85% from 3%

Canada’s major banks are heading into a renewed mortgage price war in the wake of the Bank of Canada’s surprise decision to cut interest rates.

RBC first to cut mortgage rates as bond yields plunge

Royal Bank of Canada is the first major lender to lower mortgage rates after five-year bond yields fell in the wake of a surprise cut by the Bank of Canada last week, according to rate-monitoring websites.

Traders signal deeper cuts after Bank of Canada's interest rate shocker

Bond traders reeling from the Bank of Canada’s shock interest-rate cut are betting Governor Stephen Poloz will do it again.

Banks 'may be biding their time' on mortgage rate cuts

Canada’s big banks have yet to lower mortgage rates after the central bank’s surprise rate cut this week, but once one of them does the rest will “clamour for the market share,” one expert says.

Economist warns rate cut may create ‘grotesque’ debt skew

The Bank of Canada’s surprise cut to borrowing costs this week threatens to tilt an already lopsided economy into one that is grotesquely skewed toward housing and consumer spending, said Bank of Montreal’s Doug Porter.

Finance Minister won’t interfere with banks on rates

Canadian Finance Minister Joe Oliver said he won't pressure the nation's banks to follow the Bank of Canada's latest interest-rate cut, or take steps to influence the housing market.

Big banks not budging on mortgage rates after central bank cut

Toronto-Dominion Bank, Canada’s largest lender, says it has no plans to cut its prime rate to match the central bank’s move, keeping the rate linked to variable mortgages, car loans and other securities, at 3 percent. Other banks, including Royal Bank of Canada, are also holding off.

Don Martin: Interest rate cut helps Harper’s election chances

Only five prime ministers in our history have lasted this long, but Harper still craves another four years. And he’s got one formidable asset in his corner: Good economic luck.

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