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Ontario employers to get $2-billion in surplus funds from Workplace Safety and Insurance Board
Ontario Premier Doug Ford says eligible businesses will be getting a share of $2 billion that the Workplace Safety and Insurance Board is returning due to a surplus.This marks the second time […] This post is only…
Canadian dollar weakens on rising global risk aversion
The Canadian dollar CADUSD +0.14%increase weakened against its U.S. counterpart on Wednesday, pulling back from an earlier one-week high, as the greenback notched broad-based gains and escalating Russia-Ukraine tensions led to investors turning […] This post is only…
Trump and Fed Chair Powell could be set on a collision course over interest rates
Should inflation flare up again, Fed Chair Jerome Powell and his colleagues could tap the brakes on their efforts to lower interest rates. That in turn could infuriate President-elect Donald […] This post is only…
Nov 21: Dow jumps 600 points as investors rotate out of tech into stocks linked to broader economy
The Dow Jones Industrial Average and the S&P 500 rose Thursday as investors poured into cyclical stocks poised to benefit from an accelerating economy and rotated out of technology shares such as […] This post is only…
U.S. weekly unemployment claims hit seven-month low
The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month […] This post is only…
Nov 21: At midday: TSX hits record high on energy boost
Canada’s main stock index notched a record high on Thursday amid gains led by energy shares, while investors assessed AI bellwether Nvidia’s upbeat quarterly results that dictated overall market sentiment.At […] This post is only…
Metro plans to open more discount stores next as inflation-hit shoppers hunt for value
Grocery retailer Metro Inc.MRU-T -0.32%decrease plans to open more discount stores next year, as Canadian shoppers hit hard by inflation continue to look for value.The Montreal-based retailer on Wednesday announced plans for […] This post is only…
U.S. crude and gasoline inventories rose last week, while distillates post drop: EIA
U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration said on Wednesday.Crude inventories rose by 545,000 […] This post is only…
George Weston (WN) reports drop in third-quarter profit on large one-time charge
George Weston Ltd. WN-T -2.26%decrease reported a third-quarter profit attributable to common shareholders of $15-million compared with a profit of $610-million in the same quarter a year ago as it was hit by […] This post is only…