A report released by the Commerce Department on Thursday showed the U.S. economy grew by much less than expected in the first quarter of 2024. The Commerce Department said gross domestic product […]
Author: Consultant
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This is Why Gold Could Rally All the Way to $3,000
Gold could rally to $3,000, according to David Rosenberg, the founder and president of Rosenberg Research, as noted by MarketWatch.com. In addition, according to Citi analysts, gold could reach that […]
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Teck Resources reports first-quarter profit down from year ago
Teck Resources Ltd. reported its first-quarter profit fell compared with a year ago due in part to its reduced ownership in its steelmaking coal business as well as lower copper […]
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Canada’s per capita output drops 7% below trend, new Statscan report says
Canada’s economic output on a per capita basis has slipped to 7 per cent below its long-term trend, amounting to a decline of roughly $4,200 a person, according to a […]
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Canadian Pacific Kansas City reports Q1 profit down from year ago
Canadian Pacific Kansas City reported its first-quarter profit fell compared with a year ago. The railway says it earned net income attributable to controlling shareholders of $775 million or 83 […]
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First Quantum reports US$159-million loss in first quarter, says balance sheet shored up
First Quantum Minerals Ltd. FM-T +0.58%increase says it lost US$159 million in its first quarter, down from profits of US$75 million a year earlier. However, it’s a shallower loss than the US$1.45 billion […]
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Metro’s quarterly profit drops 14.5% as grocer invests in improving supply chain
Metro Inc. MRU-T +1.69%increase reported a 14.5-per-cent decline in profits in its second quarter, as the company continues to face higher-than-usual expenses related to investments in its supply chain. The Montreal-based grocer also […]
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CN Rail profits fall alongside container shipment revenue
Canadian National Railway Co. CNR-T -3.16%decrease says earnings slid last quarter amid higher labour costs and lower revenue from container shipments. The country’s largest railroad operator is reporting that net income fell nearly […]
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February retail sales down 0.1% to $66.7-billion, Statscan say
Statistics Canada says retail sales fell 0.1 per cent to $66.7 billion in February, weighed down by lower sales at gasoline stations and fuel vendors. The agency says sales at […]