Following widespread concern about the health of the U.S. banking industry, David Rosenberg, the founder and president of Rosenberg Research, said the current liquidity crunch is markedly different from the 2008 financial crisis.
Canadian retail sales rose in January, a sign of consumer strength even as inflation continued to push prices higher.
Markets in the U.S. and Canada posted small gains Friday after recovering from losses to start the day, marking the end of the second week of volatile trading over concerns about the banking sector and high interest rates.
It's looking like investors are in for a rough ride to end the week as attention shifts back to concerns over the state of the global banking sector.
Canada's restaurant industry is bracing for the biggest jump in the country's alcohol excise duty in more than 40 years, spurring warnings the tax hike could force some bars and restaurants out of business.
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