Loblaw Companies Ltd.’s fourth-quarter results beat analysts’ expectations on Thursday as the Canadian retailer was boosted by its pharmacy business and a continued demand for groceries.The company says it earned […]
Author: Consultant
Mining giant BHP says China and India growth will buoy demand despite profit drop
Australian mining giant BHP is optimistic China and India’s growth will boost commodity demand, even as the company reported a steep drop in half-year profits. “We believe that Chinese growth […]
Canada trade minister says trade talks with Taiwan are part of a larger Indo-Pacific strategy
Canada’s decision to enter formal bilateral trade talks with Taiwan is part of a broader strategy for the Indo-Pacific region, the country’s minister of international trade told CNBC Tuesday. The […]
Canadian dollar weakens as inflation data cools BoC rate hike bets
The Canadian dollar CADUSD -0.52%decrease weakened against its U.S. counterpart on Tuesday as investors dialed back bets on additional interest rate hikes by the Bank of Canada following softer-than-expected domestic inflation data.Canada’s annual […]
Loan demand from business borrowers expected to boost Big Six profits in first quarter
Borrowers are expected to prop up Canada’s biggest banks’ financial results for the first quarterof the fiscal year, even as the threat of a recession weighs on lenders’bottom lines.Analysts anticipate […]
Canada’s annual inflation rate slowed to 5.9% in January but food, mortgage costs continue to rise
Canada’s annual inflation rate eased more than expected to 5.9 per cent in January, data showed on Tuesday, backing up the Bank of Canada’s declared aim to keep rates on […]
Cenovus Energy posts fourth-quarter profit, names Jon McKenzie as new CEO
Cenovus Energy Inc CVE-T -2.07%decrease posted a net profit for the fourth quarter on Thursday, compared with a loss last year, and said Chief Operating Officer Jon McKenzie would become its president and […]
Oil slips on U.S. stock build, trading in narrow range
Oil prices edged lower on Thursday after a large build in U.S. crude inventories but continued to trade in a narrow range as hopes for a Chinese demand recovery remained […]
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
The European Union’s embargo on Russian oil products came into effect on Feb. 5, building on the $60 oil price cap implemented by the G-7 (Group of Seven) major economies on Dec. […]