Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing plant in Windsor, Canada, over a disagreement with the federal government about subsidies, a spokesperson […]
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Turkey’s Erdogan faces toughest test yet in landmark election — with high stakes for the world
Turkey’s presidential and parliamentary elections on May 14 could hardly come at a more polarized moment for the country of 85 million. Incumbent President Recep Tayyip Erdogan is in the […]
Economic Calendar: May 15 – May 19
Monday May 15Japan machine tool ordersEuro zone industrial production(8:15 a.m. ET) Canadian housing starts for April. The Street is projecting an annualized rate increase of 4 per cent.(8:30 a.m. ET) […]
Oil Futures Settle Lower On Firm Dollar, Demand Concerns
Published: 5/12/2023 3:22 PM ETCrude oil prices fell on Friday on the dollar’s strength and worries about the outlook for energy demand.Fears of the U.S. falling into a recession and the […]
TSX Ends Flat After Lackluster Session
Published: 5/12/2023 5:24 PM ETAfter a slightly positive start, the Canadian market slipped into negative territory around mid morning, and despite losing further ground, recovered to end with a small gain […]
George Weston Raises Divided 8% On Strong Q1 Earnings
May 10, 8:07AM CDTHolding company George Weston Ltd. (WN) has raised its quarterly dividend 8% after reporting strong first-quarter earnings.George Weston has controlling stakes in the Choice Properties real estate […]
Air Canada posts second profitable quarter in a row as travellers return to the skies
Air Canada AC-T +0.10%increaseposted its second consecutive profitable quarter on Friday, signalling Canada’s largest airline is slowly leaving behind the financial ruin of the pandemic as travellers return to the skies.Air Canada’s […]
Canadian Tire results show consumer shift from discretionary purchases
Consumers feeling the sting of inflation are cutting back on non-essential purchases, as they face higher interest rates on their mortgages and steep prices for basic necessities such as groceries.What […]
China’s biggest chipmaker posts first quarterly revenue fall in 3 years as semiconductor woes persist
China’s biggest semiconductor manufacturing firm SMIC on Friday posted its first decline in quarterly revenue in more than three years. SMIC Is China’s most important chipmaking company. It’s seen as […]