Many small businesses that manage to survive the COVID-19 pandemic will be emerging with a heavy debt burden, according to data released Thursday.
The Canadian dollar broke above 80 cents U.S. Thursday, hitting its highest level since February 2018 amid speculation the global reflation trade will continue to lift commodity prices, driving currencies traditionally tied to the commodities complex higher.
Applications for U.S. state unemployment benefits fell by more than forecast last week to the lowest since November, signaling that job cuts are starting to ebb as COVID-19 infections decline and vaccinations accelerate.
Canada’s Big Six banks have gone six for six, as CIBC and TD delivered profit beats this morning.
Capital One Financial Corp. has begun to lift borrowing limits for certain customers as it seeks to restart growth in its sprawling credit-card business.
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