Economy

Swiss bank UBS to cut jobs

A published report says the Swiss bank UBS is preparing to cut about 400 jobs.

By Wire services |October 24, 2012

1 min read

Canadian businesses should look to emerging markets

Canadian business owners must seize the opportunities in emerging markets, which will account for 70% of global trade by the middle of the century, said Rick Waugh, president and CEO of Scotiabank at the Canadian Business Leadership Forum. At the moment, only 8% of Canada’ exports and 4% of outward investments go to those markets, […]

By Staff |October 24, 2012

1 min read

BoC maintains overnight rate at 1%

The Bank of Canada is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%.

By Staff |October 23, 2012

2 min read

Benefit from volatility

When investors overreact, they create volatility, says Colum McKinley, manager of the Renaissance Canadian Core Value Fund. But that might not be a bad thing.

By Suzanne Sharma |October 23, 2012

2 min read