The market probability of a further 25 basis point increase at the Monetary Policy Committee’s next meeting nudged up past 73% on Wednesday, according to Refinitiv data. The U.K. annual […]
Author: Consultant
Canadian Tire sales flat as inflation-weary consumers spend on essentials but cut back elsewhere
Retail sales were flat in the fourth quarter for Canadian Tire Corp. Ltd., as the company’s automotive business continued to offset declines in demand for products such as home improvement […]
Auto Industry Leaders Emphasize Urgency Of Canadian EV Response As U.S. Cash Flows
The Canadian Press – Canadian Press – Wed Feb 8, 10:24AM CSTTORONTO — Automotive industry leaders say the need for Canada to take action on the electric vehicle transition has taken on significantly […]
Magna shares drop as CIBC lowers stock on VW exposure
Magna International (TSE:MG) fell on Wednesday after CIBC downgraded North America’s largest auto-parts supplier in the wake of the Volkswagen emissions scandal. Shares were trading at $61.06, down 2.1%, at 1:07 p.m. […]
UPDATED THU, FEB 9 2023
European markets higher as investors weigh up economic outlookEuropean markets were higher Thursday as investors weighed up the economic outlook and interest rate trajectory.https://www.cnbc.com/2023/02/09/european-markets-live-updates-stocks-data-earnings-and-news.html
Microsoft looks to revolutionize search and challenge Google
Morgan Stanley analyst Keith Weiss described the stakes,“New Bing features four key innovations (detailed in a company blog post):1. New Bing runs on a new large language model (LLM) developed with […]
Brookfield Asset Management forecasts rapid growth as it attracts new investments
Brookfield Asset Management Ltd. BAM-A-T -0.57%decrease is looking to buck the trend in a tough market for fundraising with plans to raise significant capital to invest in its areas of focus, including infrastructure, […]
Oil climbs 3rd day on subdued dollar, U.S. crude stocks’ drop
Oil prices rose early on Wednesday, extending gains from the previous two days, as the dollar fell after Federal Reserve Chair Jerome Powell sounded less hawkish on interest rates than markets had expected […]
Canada’s economy loses momentum as rate hikes take hold
Canada’s economy loses momentum as rate hikes take holdThe Canadian economy is slowing quickly as the Bank of Canada hikes interest rates to tamp down excessive inflation, the prelude to a potential […]