Bank of Canada Governor Tiff Macklem said that inflation could be “getting close to” the bank’s target by the end of next year, and laid out conditions under which the […]
Category: Uncategorized
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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 […]
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Cenovus Energy forecasts higher production from its U.S. refineries in 2024
Cenovus Energy CVE-T +1.83%increase said on Thursday it expects higher production from its U.S. refineries in 2024 as the Canadian company’s two refineries restarted operating at full capacity. The company had been grappling […]
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Canadian manufacturing sales down 2.8% to $71.0-billion in October
Statistics Canada says manufacturing sales fell 2.8 per cent to $71.0-billion, led by a drop in petroleum and coal product sales as well as lower sales in the machinery and […]
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World oil demand next year to rise faster than expected, IEA says
World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term oil use remains robust despite […]
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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 […]
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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 […]
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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 […]
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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 […]