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Bank of Quebec was upgraded and Royal Bank of Canada was hit having a downgrade, following a latest round of earnings in the Canadian banking sector. Mario Mendonca at TD Securities raised his rating on Scotiabank to buy from hold after its first quarter earnings arrived slightly above expectations. The analyst noted that the bank reported higher energy-related credit losses, ...

Florence Swanson has lived through every American car in the Ford Model T to the Tesla Model S. Now, at 94, she’s entered into what Google hopes would be the automotive future: self-driving vehicles. The coming chronilogical age of self-driving cars: What’s going to auto insurers do when there aren’t any drivers left to insure? Accident-prevention systems, already in position ...

OTTAWA – An analysis by certainly one of Canada’s biggest banks says the us government is on track to operate $150 billion in budgetary deficits within the next five years. How reckless, excessive borrowing became Canada's national pastime Philip Cross: Total borrowing in Canada across all categories increased by $77.9 billion last year, a lot more than the $71.6 billion ...

Money manager AGF Management Ltd. has achieved the first close on its infrastructure fund, a task it launched about 1 . 5 years back as a way of diversifying an investment opportunities open to its institutional and retail clients. After the markets closed on Wednesday AGF and InstarAGF Asset Management Inc., the entity which will manage the investments, announced they ...

Rumblings from Enbridge’s $2 billion equity financing – an offer that’s expected to be upsized by 15 per cent which closes Tuesday – continue. One rumbling concerns the way in which the stock was allocated. With a cast of 17 firms, four more dealers were involved this time around compared with the company’s previous equity offering, a $460 million issue ...

TORONTO – Ugly food often means a pretty profit. How Canadian grocery chains are tapping a brand new market with ‘ugly’ fruits and vegetables They’re a unique shape and they may have a blemish or two, but it’s what’s inside that counts, according to IGA Quebec’s campaign to market a variety of odd-looking vegetables and fruit whatsoever from the province’s ...

Canadian Pm Justin Trudeau is urging global leaders to rely more on government spending and fewer on monetary policy to spur growth because he prepares a budget which will push his country into deficit. Philip Cross: How profligate borrowing became Canada’s national pastime Total borrowing in Canada across all categories increased by $77.9 billion this past year, more than the $71.6 ...

Royal Bank of Canada has postponed a trader day that planned to discuss the recent purchase of Los Angeles-based City National Bank, following a death of the U.S. private and commercial bank’s chairman emeritus and board member Bram Goldsmith. Goldsmith, who was 93, died on Sunday. He’d served as chief executive of City National from 1975 to 1995. Royal Bank ...