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Global Markets: More Canadians working past retirement age

By Commodity News Service Canada
WINNIPEG, Nov. 29, 2017 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
The latest census data released from Statistics Canada
Wednesday showed more Canadians than ever are choosing to work
past the traditional retirement. More than 53 per cent of
Canadian men aged 65 or older were working in some form in 2015,
including 22.9 per cent who worked full-time, compared to 15.5
per cent in 1995. Senior women made the largest jump to 38.8 per
cent, doubling the population who worked in 1995.

Royal Bank of Canada saw a 12 per cent jump in its fourth-
quarter net income to C$2.84 billion, which pushed its net
income for 2017 to a record C$11.47 billion. The rise was driven
double digit increases, year-on-year, in personal and commercial
banking, wealth management and capital markets.
Virtual currency bitcoin surged to an all-time high of more
than US$11,000 Thursday. Bitcoin was founded in 2009 and has
increased more than 10-fold this year, as increased
institutional demand for crypto-currencies has rose. Sceptics
however say it is a classic speculative bubble with no relation
to real financial market activity or the economy.

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