Canada has one of the largest deposits of minerals that are essential to manufacture of electric cars. “We see today that, for example, China produces 98% of Europe’s supplies of […]
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Meta to lay off 10,000 more workers after initial cuts in November
Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees. The company laid off more than 11,000 employees in November. Zuckerberg has pitched 2023 as Meta’s “year […]
Gold, silver soar as Silicon Valley Bank collapse spurs flight to safety
Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. […]
Oil prices fall 2% in choppy trade as banking fears rattle markets (Mar 13)
Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a […]
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC. That run on deposits […]
McCain Foods plans $600-million investment to double its operations in Alberta
The world’s leading French fry maker is making the largest investment in its history, with McCain Foods announcing plans on Monday for a $600-million expansion of its potato processing facility […]
Canadian bank stocks take hit after SVB collapse. There’s a good case to buy now
Large bank stocks declined further as the impact from the failure of California-based Silicon Valley Bank on Friday continued to ripple through financial markets, raising the question of whether Canada’s Big Six […]
SVB impact: Credit markets suddenly price in Bank of Canada rate cuts this year, bond yields plunge
Bond markets have made a dramatic reassessment of future rate moves by central banks in the wake of the Silicon Valley Bank failure and bailout- including that of the Bank […]
Enghouse Releases First Quarter Results
Enghouse Systems Limited (TSX: ENGH) today announced its first quarter unaudited financial results for the period ended January 31, 2023. All the financial information is in Canadian dollars unless otherwise indicated.Financial and […]