Five things to watch for in Canadian business
Inflation, GDP reports on deck; Bank of Canada business outlook coming Friday
- December 16, 2018 December 16, 2018
- 12:30
Inflation, GDP reports on deck; Bank of Canada business outlook coming Friday
Higher debt and slow revenue growth will result in a faster than previously forecast increase of Ontario’s debt burden
Toronto index gains 115 points
Oil prices weighed on exports
Q4 profit up 8% from last year to $566 million, wealth management net income up 14%
Lower growth prospects expected to reinforce Stephen Poloz’s strategy of moving very gradually on rate increases
Dow drops nearly 800 points on recession fears
Solid quarterly performance caps a “very strong year”
Provisions for credit losses rise to $264 million
Tech and consumer sectors point to start of good shopping season