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Just about everywhere in Canada, unemployment rates are falling fast
Canada is experiencing a labour boom – and it extends to just about every corner of the country. In March, eight provinces had unemployment rates below 6 per cent, which […] This post is only…
Citigroup shares rise after first-quarter revenue tops expectations
Personal banking revenue rose 18% year over year, reflecting higher interest rates. Fixed income markets revenue climbed 4% year over year, though that was offset by declines in investment banking […] This post is only…
JPMorgan Chase posts record revenue on higher interest rates; shares jump 7%
Here’s how the bank did: Adjusted earnings of $4.32 per share vs. $3.41 estimate Revenue of $39.34 billion vs. $36.19 billion estimate The bank also boosted a key piece of […] This post is only…
U.S. jobless claims rise but remain at historically low levels
U.S. applications for jobless benefits rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the […] This post is only…
What Dominion’s lawsuit could mean for Fox and its cable TV networks
Dominion Voting System’s defamation lawsuit against Fox Corp. and its cable TV networks will go to trial on Monday. Industry analysts and experts watching the case say the biggest consequence […] This post is only…
Amazon jumps into the generative A.I. race with new cloud service and its own large language models
Amazon Web Services is launching the Bedrock service for generative artificial intelligence in limited preview. Through Bedrock, clients can use language models from Amazon and startups AI21 and Anthropic, as […] This post is only…
Brookfield to acquire freight container company Triton International for $4.7-billion
Brookfield Infrastructure Partners LP BIP-UN-T -0.32%decrease is acquiring the world’s largest freight container player, Triton International Ltd., for US$4.7-billion in cash and shares, as the industry seeks to rebound from an inventory overhang […] This post is only…
Trudeau Foundation to review China-linked donation
Donors Zhang Bin (second from left) and Niu Gensheng (third from right), are seen with Université de Montréal officials and Alexandre Trudeau, a member of the Pierre Elliott Trudeau Foundation […] This post is only…
At midday: TSX rises on BoC holding rates, softer U.S. inflation
Canada’s main stock index rose on Wednesday after the Bank of Canada kept interest rates unchanged, while signs of cooling inflation in the U.S. boosted investor sentiment on hopes of […] This post is only…