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CN announces deal to acquire Iowa Northern Railway
Canadian National Railway Co. CNR-T +0.47%increasesays it’s acquiring Iowa Northern Railway, pending regulatory review.In a press release Thursday evening, CN says it has signed and closed an agreement to acquire the railway, […] This post is only…
Bank of Canada holds key interest rate steady at 5% in final decision of 2023. Here’s what’s next
The Bank of Canada held its policy rate steady at 5 per cent for the third consecutive decision and warned that it could raise rates again. It said monetary policy is working […] This post is only…
Oil steady as markets weigh OPEC+ cuts against Chinese demand concerns
Oil prices were steady on Wednesday, as investors weighed the effectiveness of an extension in OPEC+ cuts in tightening supply against a worsening demand outlook in China.Brent crude futures fell […] This post is only…
Canada’s financial intel agency imposes $7.4-million penalty on RBC
Canada’s financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada RY-T +0.59%increase for non-compliance with anti-money laundering and terrorist financing measures.The Financial Transactions and Reports Analysis Centre of […] This post is only…
OPINION:
David Rosenberg: Canada is in economic decay. Prepare for BoC rate cuts and big returns in this asset class.There may be lies, damned lies, and statistics as Mark Twain posited. […] This post is only…
AltaGas to raise quarterly dividend for 2024 as company expects earnings to grow
AltaGas Ltd. ALA-T +0.51%increase is raising its dividend as it says it expects its earnings to grow next year, helped by its core operations.The energy infrastructure company says it will pay a quarterly […] This post is only…
Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021
Job openings openings totaled 8.73 million for the month, a decline of 617,000, or 6.6%, the Labor Department reported Tuesday in its monthly JOLTS report. That was the lowest total […] This post is only…
Gold soars past $2,100 to new record — and analysts don’t expect it to stop there
Spot gold prices rose to a new record high of $2,110.8 per ounce Monday before giving up some gains. Prices of the yellow metal have risen for two consecutive months […] This post is only…
Canada GDP Shrinks 1.1% in 3Q
Dow Jones 30 November, 2023 | 12:23PMOTTAWA–Canada’s economy contracted sharply in the latest quarter, a further sign of lackluster activity that looks set to anchor expectations the central bank is […] This post is only…