Business And Financial News
Business News – Markets stories and financial news from Sky Sky News. Bombardier wins 8-12 months, $331M rail contract from Montreal. Toyota remembers 60,000 Sienna minivans in Canada as a result of unsafe doors. Saudi Arabia takes ‘massive hit’ as OPEC cuts output for first time in 8 years. OPEC makes last-ditch bid to avoid wasting oil output deal as tensions grow.\n\nFewer Canadian oil and gasoline firms to go bust over next 12 months, M&A consultants say. U.S. Lumber Coalition recordsdata petition in opposition to Canadian softwood producers. Netflix tells Canadian Heritage it makes ‘substantial’ investments in Canada. OECD warns Canada vulnerable to ‘disorderly’ housing correction.\n\nBlack Friday retail, advertising, and cross-border purchasing developments. Richard Branson calls Canada ‘beacon of light,’ slams Trump’s ‘dangerous’ trade stance. Newly revamped ETF lets traders take position on Canadian natural gasoline. Girls’s Govt Network’s most powerful Canadian girls.\n\nManulife Bank: Practically half of Canadians can’t handle a 10% enhance in monthly mortgage payments. Crude oil prices steadied around US$50 a barrel on Thursday, holding onto massive features made after OPEC and Russia agreed to restrict production, at the same time as analysts warned other producers had been prone to high up supply.\n\nCanadian Western Bank reported a 9.7 per cent fall in its fourth-quarter earnings as low commodity prices weighed on its oil and gasoline loan portfolio. Our High Line this morning: Earnings stories from Canadian Imperial Bank of Commerce and Toronto-Dominion Bank after Royal Bank of Canada () disenchanted traders yesterday.