Business
Stocks open mostly higher as earnings reports stream in
By Yuri Kageyama And Matt Ott, The Associated Press on January 31st, 2023
NEW YORK (AP) – Stocks are mostly higher in early trading on Wall Street as a deluge of major corporate earnings poured in ahead of Wednesday’s Federal Reserve interest rate meeting. The S&P 500 was up 0.2% in the first few minutes of trading Tuesday and the the Dow Jones Industrial Average slipped 0.1%. The ... Read More »
Be the first to comment!Aimia to buy rope and net maker Tufropes for $249.6 million
By The Canadian Press on January 31st, 2023
TORONTO – Aimia Inc. says it has signed a deal to buy rope and net maker Tufropes for $249.6 million. Under the deal, Paladin Private Equity LLC will be Aimia’s partner. It will have an option to acquire up to a 19.9 per cent equity position in Tufropes from Aimia within one year of closing. ... Read More »
Be the first to comment!Canadian economy grew slightly in November, expected to slow further
By The Canadian Press on January 31st, 2023
OTTAWA – The Canadian economy grew by 0.1 per cent in November as higher interest rates began to slow spending toward the end of the year. Statistics Canada’s preliminary estimate for December indicates the economy stayed flat, suggesting the economy grew at an annualized rate of 1.6 per cent in the fourth quarter. The economy ... Read More »
Be the first to comment!US wage growth slowed in the final quarter of 2022
By Christopher Rugaber, The Associated Press on January 31st, 2023
WASHINGTON (AP) – Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, a third straight slowdown, which could help reassure the Federal Reserve that wage gains won’t fuel higher inflation. Wages and benefits, such as health insurance, grew 1% in the October-December quarter ... Read More »
Be the first to comment!Imperial Oil reports $1.73-billion Q4 profit, up from $813 million a year earlier
By The Canadian Press on January 31st, 2023
CALGARY – Imperial Oil Ltd. says its fourth-quarter profit more than doubled compared with a year earlier, helped by a strong operating performance across all of its business. The company says it earned $1.73 billion or $2.86 per diluted share for the quarter, up from $813 million or $1.18 per diluted share a year earlier. ... Read More »
Be the first to comment!US workers’ pay slowed in the final quarter of 2022
By Christopher Rugaber, The Associated Press on January 31st, 2023
WASHINGTON (AP) – Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, a third straight slowdown, which could help reassure the Federal Reserve that wage gains won’t fuel higher inflation. Wages and benefits, such as health insurance, grew 1% in the October-December quarter ... Read More »
Be the first to comment!Canadian Press NewsAlert: Canadian economy grew by 0.1% in November
By The Canadian Press on January 31st, 2023
OTTAWA – Statistics Canada says the economy grew by 0.1 per cent in November. A preliminary estimate from the federal agency suggests real gross domestic product grew by an annualized rate of 1.6 per cent in the fourth quarter. More coming... Read More »
Be the first to comment!Ontario job seekers increasingly looking for work in other provinces: Indeed
By The Canadian Press on January 31st, 2023
A new report says Ontario job seekers are increasingly looking for work in other provinces, especially those looking for jobs in remote-friendly sectors like tech. The job search company says in the second half of 2022, 6.1 per cent of clicks on Canadian job postings by Ontario-based job seekers were for positions in other provinces. ... Read More »
Be the first to comment!Statistics Canada to release November gross domestic product figures today
By The Canadian Press on January 31st, 2023
OTTAWA – Statistics Canada is set to release its November reading of real gross domestic product this morning. RBC is forecasting real GDP grew by 0.1 per cent in November, a figure that is in line with Statistics Canada’s preliminary estimate. The federal agency will also provide a preliminary estimate of economic growth for December ... Read More »
Be the first to comment!IMF upgrades outlook for the global economy in 2023
By Paul Wiseman, The Associated Press on January 30th, 2023
WASHINGTON (AP) – The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view of the International Monetary Fund, which now expects the world economy to ... Read More »
Be the first to comment!IMF upgrades its outlook for the global economy in 2023
By Paul Wiseman, The Associated Press on January 30th, 2023
WASHINGTON (AP) – The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view of the International Monetary Fund, which now expects the world economy to ... Read More »
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