Air Transat second-quarter loss deepens amid pandemic-related flight cancellations, soaring fuel pricesMontreal-based airline and tour company Transat AT Inc.’s second-quarter loss deepened amid pandemic-related flight cancellations and soaring fuel prices.Fuel […]
Author: Consultant
The close: North American stock markets fall as rate pressures grow, U.S. inflation report looms
The close: North American stock markets fall as rate pressures grow, U.S. inflation report loomsNorth American stocks tumbled Thursday following the latest reminder that central banks now care more about […]
IMF expects further cut in global growth outlook
IMF expects further cut in global growth outlookThe International Monetary Fund expects to further cut its forecast for global economic growth in 2022 next month, an IMF spokesperson said on […]
Canadian bank stocks continue to outperform global peers
Canadian bank stocks continue to outperform global peersCredit Suisse analyst Joo Ho Kim reports that Canadian bank stocks continue to outperform their global peers,“The Canadian banks have outperformed their international […]
Saputo anticipates recovery in 2023 after capping year with lower fourth-quarter profits
Saputo anticipates recovery in 2023 after capping year with lower fourth-quarter profitsSaputo Inc. SAP-T +1.70%increase expects profits to recover next year after it capped a difficult fiscal year with net income plunging 64 […]
Nutrien planning major potash production increase as war in Ukraine puts pressure on global supplies
Nutrien planning major potash production increase as war in Ukraine puts pressure on global suppliesNutrien Ltd. is planning a major ramp up in potash production as the war in Ukraine […]
Bank of Canada warns high household debt and elevated home prices pose top risks to economy
Bank of Canada warns high household debt and elevated home prices pose top risks to economyThe Bank of Canada has warned that household vulnerabilities have worsened over the past year […]
European Central Bank confirms July rate hike plans, raises inflation projections significantly
European Central Bank confirms July rate hike plans, raises inflation projections significantlyAnnual consumer price inflation across the 19-member euro area hit a fresh record high of 8.1% in May.Following its […]
Oil prices face big volatility as spare capacity dries up
Oil prices face big volatility as spare capacity dries upAfter more than a year of pressure from the United States and other top oil consuming countries, OPEC+ finally agreed to […]