Business
Stocks waver on Wall Street ahead of speech by Fed chair
By Yuri Kageyama And Matt Ott, The Associated Press on November 30th, 2022
NEW YORK (AP) – Stocks are wavering in early trading on Wall Street ahead of a speech by Jerome Powell, the chair of the Federal Reserve, on the outlook for the economy and inflation. Treasury yields were higher and crude oil prices rose. The S&P 500 index was hovering around the breakeven line after the ... Read More »
Be the first to comment!BRP reports Q3 profit and revenue up from year ago, raises guidance
By The Canadian Press on November 30th, 2022
VALCOURT, Que. – BRP Inc. reported its third-quarter profit and revenue rose compared with a year ago and raised guidance for its full year. The Ski-Doo and Sea-Doo maker says it earned $141.6 million or $1.76 per diluted share for the quarter ended Oct. 31, up from $127.7 million or $1.53 per diluted share in ... Read More »
Be the first to comment!Pandemic, remote work changed Canadians’ commuting habits in 2021: StatCan
By The Canadian Press on November 30th, 2022
OTTAWA – Statistics Canada says there were 2.8 million fewer commuters in 2021 than in 2016. In a new census release, the federal agency says COVID-19 altered commuting patterns for Canadian workers with fewer people driving, taking transit, or walking and bicycling in 2021 compared to five years before. By May 2022, the number of ... Read More »
Be the first to comment!CP NewsAlert: StatCan data shows fewer Canadians drove to work in 2021
By The Canadian Press on November 30th, 2022
OTTAWA – The newest release of 2021 census data from Statistics Canada shows that 1.7 million fewer Canadians drove to work, compared to 2016, but fewer chose active transportation methods. More coming... Read More »
Be the first to comment!US revises up last quarter’s economic growth to 2.9% rate
By Paul Wiseman, The Associated Press on November 30th, 2022
WASHINGTON (AP) – Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in an upgrade from its initial estimate. Last quarter’s rise in the U.S. gross domestic product – the economy’s total output of goods and services – followed two ... Read More »
Be the first to comment!Enbridge raising quarterly dividend, releases financial guidance for 2023
By The Canadian Press on November 30th, 2022
CALGARY – Enbridge Inc. is raising its quarterly dividend to shareholders. The pipeline company says it will now pay a quarterly dividend of 88.75 cents per share, up from 86 cents per share. Based on Enbridge’s closing share price of $55.52 on Tuesday, the shares will have a dividend yield of about 6.4 per cent. ... Read More »
Be the first to comment!National Bank reports Q4 profit down from year ago, raises quarterly dividend
By The Canadian Press on November 30th, 2022
MONTREAL – National Bank of Canada raised its dividend as it reported its fourth-quarter profit fell four per cent compared with a year ago. The Montreal-based bank says it will up its quarterly payment to shareholders by five cents to 97 cents per share. The increased payment came as National Bank says it earned $738 ... Read More »
Be the first to comment!Royal Bank of Canada reports $3.88B Q4 profit, raises quarterly dividend
By The Canadian Press on November 30th, 2022
TORONTO – Royal Bank of Canada raised its dividend as it reported a fourth-quarter profit of $3.88 billion compared with $3.89 billion in the same quarter last year. The bank says it will now pay a quarterly dividend of $1.32 per share, an increase of four cents. The higher payment to shareholders came as RBC’s ... Read More »
Be the first to comment!Inflation in Europe eases but still in painful double digits
By David Mchugh, The Associated Press on November 30th, 2022
FRANKFURT, Germany (AP) – Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession. The consumer price index in ... Read More »
Be the first to comment!EU Commission proposes blocking billions in funds to Hungary
By The Associated Press on November 30th, 2022
BRUSSELS (AP) – The European Union’s executive branch recommended Wednesday that billions of euros in EU funds be withheld from Hungary over its failure to implement solid rule-of-law reforms, a move highlighting lingering divergences between the European partners. The Council, which represents the bloc’s 27 countries, has until Dec. 19 to take a decision based ... Read More »
Be the first to comment!Inflation eases in Europe, but still in double digits
By The Associated Press on November 30th, 2022
FRANKFURT, Germany (AP) – Inflation in the 19 countries that use the euro currency eased to 10% this month as fuel and utilities drifted down from painful highs, but it is near the record levels that have robbed consumers of spending power and led economists to predict a recession. The consumer price index was down ... Read More »
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