TSX closes higher amid expectations of BoC rate hike
U.S. markets finish mixed
- By: Alexandra Posadzki
- July 10, 2017 July 10, 2017
- 16:20
U.S. markets finish mixed
Among the Big Six banks, CIBC is more exposed to a housing downturn
All eyes will be on the Bank of Canada on Wednesday amid expectations it will raise its key interest rate
Loonie gains ground
Credit rating agency concerned about growing provincial debt
Unemployment rate edges down to 6.5%
Stronger, stable earnings have increased the banks ability to absorb any negative shocks
Canadian dollar rises
Imports rose 2.4% to $49.8 billion
Crude prices snap eight-day winning streak
Loonie gains on rate hike expectations
The loonie continued its upward march, closing about US77¢
There are signs that Canada’s economy is building momentum and the Bank of Canada could start raising interest rates on July 12
The bank’s most recent quarterly survey of Canadian firms finds that corporate expectations are all above historical averages
The growth came as service-producing industries increased by 0.3%, helped by widespread gains
The S&P/TSX composite index shed 1%, with almost all sectors ending in the red
A global task force chaired by Michael Bloomberg says climate risks and opportunities cannot be ignored
Despite concerns, only 35% take advantage of special education savings vehicles
The rise in the Canadian dollar helped send financials higher on the stock exchange
Many Canadian investors believe that carbon and returns go together, but that is not the case, a new report concludes
Most DB pension plans remain in strong financial shape thanks to foreign equities markets and despite another decline in long-term interest rates