Ottawa has backstopped $3-billion more in debt for Crown-owned Trans Mountain Corp.’s delayed and overbudget oil pipeline expansion, but the government maintains its guarantees do not amount to public funding.According to […]
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Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says
Private sector employment increased by a seasonally adjusted 278,000 for the month, ahead of the Dow Jones estimate for 180,000, ADP reported. The ADP report noted that the distribution of […]
Bullish on Canadian Tire Corp. Ltd
https://www.theglobeandmail.com/authors/monica-rizk/Canadian Tire CTC-A-Trallied from $67.15 in March 2020 to $213.85 in May 2021 (A-B) and then had a one-half correction within a falling parallel channel over a period of two years […]
‘The stars are aligned’ for at least one more BoC rate hike: Economists and markets react to surprisingly strong GDP data
Money markets and economists have grown more convinced that the Bank of Canada will make at least one more hike to interest rates this year in the wake of stronger-than-expected gross […]
Laurentian Bank raises quarterly dividend, reports second-quarter profit down from year ago
Laurentian Bank of Canada LB-T -0.10%decrease raised its quarterly dividend as it reported a second-quarter profit of $49.3-million, down from $59.5-million a year ago.The Montreal-based bank says it will now pay a quarterly […]
National Bank profit slides as economic gloom weighs on second-quarter earnings
National Bank of Canada posted a drop in profit on higher costs and rising reserves for potentially sour loans as the threat of a recession drags on results across the […]
2023 Atlantic hurricane season guide: Here’s what to know about this year’s storms
An average hurricane season produces 14 named storms and seven hurricanes. Out of the hurricanes, three usually strengthen into major storms with winds of at least 115 mph. The season’s […]
May 31 – The close: Stocks fall as labour, GDP data spur rate hike jitters before debt ceiling vote
North American stocks fell on Wednesday as a deal to raise the federal debt ceiling headed toward a crucial vote in Congress, while unexpectedly strong reports on the U.S. labour […]
Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline
The House passed the debt ceiling bill Wednesday night, days before the U.S. is projected to run out of money to pay its bills. The Fiscal Responsibility Act is the […]