Potash prices are in the dumps, but the battered shares of companies that produce the crop nutrient have been nudging higher, suggesting the worst days for the sector may be […]
Category: Uncategorized
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Canadian wholesale sales excluding petroleum products, oilseeds and grains down in April
Statistics Canada says wholesale sales excluding petroleum, petroleum products, and other hydrocarbons as well as oilseeds and grains fell 1.4 per cent to $80.9-billion in April. The agency says the […]
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Canada freezes ties with China-led AIIB, probes allegations of Communist domination
Canada is freezing ties with the China-led Asian Infrastructure Investment Bank while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday. Freeland said she did not rule out […]
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China cuts a key policy rate for first time in 10 months as economic rebound cools
The People’s Bank of China lowered the rate on 237 billion Chinese yuan ($33 billion) of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points. […]
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China’s youth unemployment hits a fresh record high in May, major data disappoint
BEIJING — China’s youth unemployment rose to a record in May, while major data missed expectations, according to data released Thursday by the National Bureau of Statistics. The unemployment rate […]
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Fed keeps rates unchanged for first time in 15 months but signals two more potential hikes this year
The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signalled that […]
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Bell cutting 1,300 positions, closing or selling nine radio stations amid declining revenues
BCE Inc. BCE-T -2.31%decrease is eliminating roughly 1,300 positions as part of a significant reorganization, citing declining legacy phone revenues as well as losses in its news and radio operations. The roles that […]
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Inflation rose at a 4% annual rate in May, the lowest in 2 years
The inflation rate cooled in May to its lowest annual rate in about two years, the Labor Department reported Tuesday. The consumer price index, which measures changes in a multitude […]
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What one key business indicator is saying about China’s consumer recovery
Marketing revenue rose in the first three months of 2023 for several Chinese internet giants — but not Alibaba, the largest of them all by dollar value. That’s on a […]