Wednesday May 22, 2013

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Housing slowdown to worsen, cost 150,000 jobs, says mortgage group

OTTAWA - Canada's housing market is slowing dramatically in terms of both sales and construction, dragging down economic growth and putting some 150,000 jobs at risk in coming years, a mortgage industry association warns in its spring...

posted: May 22,2013




Business News

CP07

Stocks rise after Bernanke signals no quick end to stimulus and home sales rise

NEW YORK, N.Y. - Stocks are moving higher after Federal Reserve Chairman Ben Bernanke said it was...

posted: May 22,2013

Retail sales flat in March at $39.5 billion, Statistics Canada says

OTTAWA - Canadian shoppers bought more, but benefited from lower prices in March as retail sales...

posted: May 22,2013

TSX, Wall Street head higher as Ben Bernanke says it's too soon to end QE

TORONTO - North American stock markets surged Wednesday as the head of the U.S. central bank says...

posted: May 22,2013



Bernanke warns that premature ending of Fed's stimulus efforts would carry substantial risks

WASHINGTON - Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs....

posted: May 22,2013

Rail line reopens in southeastern Saskatchewan after derailment that spilled oil

JANSEN, Sask. - A rail line has reopened in southeastern Saskatchewan after a derailment that resulted in a spill of more than 91,000 litres of oil....

posted: May 22,2013

US home sales rise slightly to 4.97 million in April, highest in 3 1/2 years; inventories rise

WASHINGTON - Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale....

posted: May 22,2013

Lowe's 1st-quarter profit climbs but performance misses analysts' expectations

NEW YORK, N.Y. - Lowe's said Wednesday that its first-quarter net income rose nearly 3 per cent, but results fell short of expectations as rainy weather hurt spring gardening sales....

posted: May 22,2013

Ski-Doo maker's IPO price values BRP at about $2.5 billion

MONTREAL - The maker of Ski-Doo snowmobiles says its initial public offering has been priced at $21.50 per share — giving the company a market value of about $2.5 billion....

posted: May 22,2013

Senate expense scandal makes for awkward South America visit by Harper

LIMA, Peru - The Senate expenses scandal is turning Prime Minister Stephen Harper's visit to South America into an awkward communications exercise....

posted: May 22,2013

Target's 1st-qtr profit drops 26 pct on weak sales as weather, financial pressures take toll

NEW YORK, N.Y. - Target Corp. reported a 26 per cent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending....

posted: May 22,2013

Loonie heads lower ahead of speech by U.S. Federal Reserve chairman Ben Bernanke

TORONTO - The Canadian dollar was lower Wednesday as traders waited for a key statement from U.S. Federal Reserve chairman Ben Bernanke that has the potential to alter exchange rates....

posted: May 22,2013

Homebuying intentions remain relatively strong, says bank survey

TORONTO - A new report suggests nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market....

posted: May 22,2013




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