Newspaper article The Canadian Press

Business News as of 5 P.M. ET

Newspaper article The Canadian Press

Business News as of 5 P.M. ET

Article excerpt

Business News as of 5 p.m. ET

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MONDAY, JAN. 5, 2015, 5 p.m. ET

BUSINESS NEWS ADVISORY

Here are the top Business News stories from The Canadian Press as of 5 p.m. All times Eastern unless otherwise stated. Coverage plans are included when available. Entries are subject to change as news develops.

Queries should be addressed to the business desk at 416-507-2138. To reach CP Business by email, send messages to business@thecanadianpress.com.

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TOP BUSINESS NEWS THIS HOUR

TSX tumbles 361 points amid sliding oil

Dollar-Markets

TORONTO -- The Toronto stock market plunged 2.5 per cent Monday as oil prices moved below the psychologically-important US$50 benchmark, for the first time since 2009, and sparked a fresh selloff of energy stocks.But the damage was widespread as traders considered the wider effects of the collapse in oil prices.

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Canadian auto sales set new annual record

Cda-Auto-Sales

TORONTO -- Canadian auto sales soared to a record in 2014 as truck-loving drivers pushed sales up 6.1 per cent to smash the previous high-water market set in 2013.According to sales data compiled by DesRosiers Automotive Consultants, automakers sold a total of 1,851,373 new vehicles in Canada last year, up from just more than 1.7 million the previous year.

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Cheap oil could help Canadian economy: RBC

Cheap-Oil-Economy

OTTAWA -- Perhaps an era of cheap crude won't be so bad for Canada after all.A new bank forecast argues the financial blows of low oil prices on the Canadian economy could be more than cancelled out by the weaker loonie and additional consumer spending on both sides of the Canada-U.S. border. Moves Business and National; guard against duplication.

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Fewer people expect to reach financial goals

Personal-Finance-Poll

TORONTO -- A survey conducted for CIBC (TSX:CM) finds 65 per cent of Canadians ended 2014 feeling confident about reaching their current financial goals. …

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