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Signs of ‘fickle’ consumer as borrowing slows in July
Consumer borrowing slowed in July after strong gain in the prior two months, according to Federal Reserve data released Wednesday. Total consumer credit increased $17 billion. That’s an annual growth rate of 4.7%.…
These stocks rose by double digits Friday as underperforming sectors
A surprise improvement in U.S. employment helped propel stocks Friday, capping a week of big gains for sectors that were hardest hit by the coronavirus shutdown.
The unemployment rate declined to 13.3% in May from 14.7%…
3 Canadian big banks join Facebook ad boycott
Three of Canada's biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation. Scotiabank, RBC and CIBC have pledged to stop purchasing ads…
Pandemic measures expose work-from-home inequality says StatsCan
Statistics Canada says that women, people with higher earnings and those with more education are more likely to be able to work from home and therefore less likely to suffer a loss of income due to measures to limit spread of COVID-19.…
Chesapeake Energy shares halted after 50% plunge on bankruptcy report
Shares in one of the biggest natural gas companies in the U.S. were halted on Tuesday after plunging by half on a report the company could be about to go bankrupt. Financial news agency Bloomberg first reported that Chesapeake Energy is…
The Villages is a retirement ‘paradise’ — so why is that a problem?
The Villages, a master-planned retirement community in central Florida, is the fastest-growing metropolitan area in the U.S., we learned from the 2020 Census. In a demographically changing and urbanizing America, this predominantly…
Treasury yields stabilize after drop on CPI data
Treasury yields were slightly higher Wednesday, with the market largely holding steady after Tuesday’s cooler-than-expected reading of the U.S. August consumer-price index triggered a rally that gave long-end…
What can be done to fight systematic anti-Black racism in corporations?
From representation on corporate boards, to learning from responses to COVID-19, how businesses can address systemic racism in the workplace.
Read More: What can be done to fight systematic anti-Black racism in…
NewsWatch: You might think investors’ extreme bullishness would be good for
Wall Street’s 'wall of worry' needs to get higher for stocks to do the same.
Read More: NewsWatch: You might think investors’ extreme bullishness would be good for
Home sales cool in August, but average prices still well up from last year
Canada's housing market continued to show signs of a slow cool-down in August, as the number of sales ticked lower even as selling prices still headed higher compared to where they were a year ago. The Canadian Real Estate Association…