Fed rate hike unlikely to lift Canadian mortgage rates much
Canadian brokers say the U S Federal Reserve move is not expected to meaningfully boost Canadian mortgage rates. TD Bank raised its four year rate to 2.69 percent and five year rate to 2.94 percent, while other lenders followed with small increases as bond yields edged higher.
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New Canada labels group sugars on ingredients lists
Health Canada announced labeling amendments to simplify nutrition facts. Sugar ingredients will be grouped and a percent daily value added to help shoppers compare products. Colours will be given common names and potassium listed. front of pack labeling may follow after consultations.
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Ottawa
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Markets Fall Across Benchmarks Amid Ongoing Selloff
Canadian stocks drift lower as the S&P/TSX Composite loses 188 points to 15197. Dow drops about 119 points to 19792 while the S&P 500 slides 18 to 2253 and Nasdaq falls to 5437. Energy, metals, and currencies show broad weakness with oil near 51 a barrel and gold around 1164 an ounce.
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