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Sobeys parent Empire sees profit slip despite gains in grocery business
Sobeys parent company Empire Co. Ltd.EMP-A-T -7.45%decrease reported sales and earnings growth in its grocery business in the second quarter, while income from investments and other operations led to an overall decline […] This post is only…
Pembina Pipeline to buy Enbridge’s JV interests for $3.1-billion
Pembina Pipeline PPL-T -2.97%decreasesaid on Wednesday it would buy Enbridge’s ENB-T -0.10%decreaseinterests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for $3.1 billion.Alliance delivers liquids rich natural gas sourced in Northeast B.C., […] This post is only…
Retail sales rose 0.3% in November vs. expectations for a decline
Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%. Sales held up despite a […] This post is only…
Dollarama profit jumps 31.4% as shoppers continue to look to discount retailers for inflation relief
Dollarama Inc. DOL-T -1.68%decrease reported a 31.4-per-cent increase in profit in its third quarter, as Canadians continue to turn to discount stores looking for some relief from the pressures of inflation.This has been an […] This post is only…
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.With the […] This post is only…
Consumer prices rose 0.1% in November from the prior month
Prices across a broad range of goods and services edged higher in November as energy prices declined, providing hope that inflation could be on a lower trajectory.The consumer price index, […] This post is only…
Economic Calendar: December 11–December 15
Monday December 11China CPI, PPI, aggregate yuan financing, new yuan loans and money supplyJapan machine tool ordersEarnings include: Caseys General Stores Inc.; Mainstreet Equity Corp.—Tuesday December 12(6 a.m. ET) U.S. […] This post is only…
The US economy added 199,000 jobs in November
The US economy notched another solid month of job growth, with an added lift from actors and autoworkers coming off the picket lines.Employers added 199,000 jobs in November, and the unemployment rate […] This post is only…
Russia, Saudi Arabia urge all OPEC+ countries to join group’s agreement on output cuts
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have urged all OPEC+ countries to join the group’s agreement on output cuts, saying it would serve the interests […] This post is only…