Browsing Category
Markets
Tough times for truck and bus makers as new tariffs go into effect
As a fresh slate of tariffs on heavy trucks and buses takes effect,industry players say the companies that make those vehicles in Canada will be feeling pain.Starting today, all foreign imports of medium and heavy-duty trucks and truck…
‘I fear a significant decline in the S&P 500’: Do I sell my tech stocks
Analysts are closely watching Trump’s tariff negotiations, the labor market, the Fed and inflation, but they are stymied by delayed economic data.
Read More: ‘I fear a significant decline in the S&P 500’: Do I sell my tech stocks
Canada’s economy shrank by 0.3% in August
Canada's economy shrank in August against widespread expectations of no growth, Statistics Canada data showed on Friday, but an advanced estimate pointed out the economy might escape a recession in the third quarter.The economy shrank by…
Air-traffic controllers miss their first paycheck. The shutdown’s effects
Shutdown-related staffing shortages are driving some air-travel delays and cancellations.
Read More: Air-traffic controllers miss their first paycheck. The shutdown’s effects
MEG meeting on Cenovus deal postponed another week
An MEG Energy Corp. shareholder vote on a proposed takeover by Cenovus Energy Inc. has been delayed another week.MEG board chair James McFarland twice paused a meeting Thursday to address a last-minute "regulatory inquiry" before…
Hershey’s Halloween sales have disappointed, but there’s hope for
Hershey said Halloween sales have been soft this year but last-minute buying is expected to bring the business up to 2024 levels.
Read More: Hershey’s Halloween sales have disappointed, but there’s hope for
This Alberta mountain town plays a big role in the fitness watch craze
In a small Alberta town, an eclectic group of engineers and athletes are helping to fuel the explosive growth of fitness watches and wearables.Just off the highway en route to the Rocky Mountains, the Cochrane headquarters of Garmin…
Fiserv’s stock plunges 40% on worst day ever. Outlook reset is deemed
The company, which sells payment processing, mobile banking and billing solutions to banks and merchants, dramatically lowered its guidance for the year.
Read More: Fiserv’s stock plunges 40% on worst day ever. Outlook reset is deemed
U.S. Federal Reserve cuts interest rates for 2nd time this year to boost
The U.S. Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated."Job gains have slowed this year, and the unemployment rate has…
Visa earnings offer an upbeat read on consumer-spending habits
Volume growth picked up in the latest quarter, suggestive of healthy payment activity.
Read More: Visa earnings offer an upbeat read on consumer-spending habits