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Canada gains more jobs than forecast in December; unemployment rate takes surprise dip to 6.7%
Canada’s economy added nearly quadruple the number of jobs forecasted for December and the unemployment rate surprisingly ticked down to 6.7 per cent, data showed on Friday, giving the central […] This post is only…
Aritzia Reports Third Quarter Fiscal 2025 Financial Results
For Q3 2025, compared to Q3 20241:Net revenue increased 11.5% to $728.7 million, with comparable sales2 growth of 6.6% United States net revenue increased 23.6% to $403.7 million, comprising 55.4% of net revenue Retail net revenue increased […] This post is only…
Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025
Microsoft expects to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post. Over […] This post is only…
Canadian dollar edges lower against dominant USD
The Canadian dollar CADUSD -0.31%decrease weakened against its U.S. counterpart on Thursday on the first trading day of 2025, but fared better than some other major currencies as oil prices rose and data […] This post is only…
Economic Calendar Jan 6 – Jan 10 2025
Monday January 6China, Japan, U.K. and Euro zone services and composite PMIGermany CPI(9:30 a.m. ET) Canada’s S&P Global Services PMI for December.(9:45 a.m. ET) U.S. S&P Global Services/Composite PMI for […] This post is only…
Rogers says 2024 revenue growth to fall short of forecast due to media division
Rogers Communications Inc. RCI-B-T +1.76%increase has slightly lowered its revenue expectations for 2024, blaming weaker performance in its media business during the final months of the year.The telecom company now expects its service […] This post is only…
TSX Falls 2.2% As Stocks Tumble On Widespread Selling
Canadian stocks tumbled on a severe bout of selling pressure on Wednesday, pushing the benchmark S&P/TSX Composite Index to a six-week low, as political uncertainty and fears of tariff war […] This post is only…
Dow tanks by 1,100 points, posts first 10-day losing streak since 1974: Live updates
The Dow Jones Industrial Average sank deeper into the history books on Wednesday, with the index posting its 10th straight losing day as a disappointing rate outlook by the Federal Reserve rocked the stock […] This post is only…
Fed cuts by a quarter point, indicates fewer reductions ahead
The Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%, back to the level where it was in December 2022. “Today was a closer […] This post is only…