American consumers more confident in November as holiday shopping season kicks into high gear
By Matt Ott, The Associated Press on November 28th, 2023
American consumers are feeling slightly more confident this month as the all-important holiday shopping season kicks into high gear. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 102 from 99.1 in October. Analysts were expecting a reading of 101. The October reading was revised down from an ... Read More »
Be the first to comment!Pipeline company TC Energy raises growth outlook for 2023
By The Canadian Press on November 28th, 2023
CALGARY – TC Energy Corp. is raising its financial guidance for the year. The company says it now expects its comparable earnings before interest, taxes, depreciation and amortization for 2023 to be up about eight per cent from 2022. The forecast is up from earlier guidance for comparable EBITDA in 2023 to grow at the ... Read More »
Be the first to comment!Biggest mistakes that could tarnish, or even tank, your credit rating
By Nina Dragicevic, The Canadian Press on November 28th, 2023
Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own. “Credit is a highly valuable asset,” says Ed Rempel, a fee-for-service financial planner, tax accountant and author of the blog Unconventional Wisdom. “In fact, it is your main asset until you can ... Read More »
Be the first to comment!Stock market today: Wall Street drifts in early trading as November’s momentum fades
By Elaine Kurtenbach And Matt Ott, The Associated Press on November 28th, 2023
BANGKOK – Stocks are listless in early trading on Wall Street as the market’s big November rally continues to stall. The S&P 500 was down 0.1% in the early going Tuesday. The Dow Jones Industrial Average was little changed and the Nasdaq composite was down 0.1%. Treasury yields were holding relatively steady and crude oil ... Read More »
Be the first to comment!Canada Goose buys European knitwear supplier Paola Confectii
By The Canadian Press on November 28th, 2023
TORONTO – Canada Goose Holdings Inc. says it has acquired a long-standing knitwear supplier and its European manufacturing facility. Financial terms of the deal for the operating assets of Paola Confectii Manufacturing were not immediately available. Canada Goose, best known for its luxury down-filled parkas, says Paola Confectii is based in Romania and has been ... Read More »
Be the first to comment!Panama’s Supreme Court declares 20-year contract for Canadian copper mine unconstitutional
By The Associated Press on November 28th, 2023
PANAMA CITY (AP) – Panama’s Supreme Court on Tuesday declared unconstitutional a 20-year concession for a Canadian copper mine that had sparked weeks of protests by environmentalists and others who argued it would damage a forested coastal area and threaten water supplies. The announcement by the nine-justice court, after four days of deliberations, set off ... Read More »
Be the first to comment!Government impersonation, phishing are top financial scams, Interac survey finds
By The Canadian Press on November 28th, 2023
TORONTO – A new Interac survey finds government impersonation is one of the biggest financial scams plaguing people across Canada. Forty-two per cent of survey respondents say they’ve dealt with scammers pretending to be representatives of official government institutions. That’s followed by 41 per cent facing phishing scams and 33 per cent indicating they have ... Read More »
Be the first to comment!Scotiabank reports Q4 profit down from year ago, provision for credit losses up
By The Canadian Press on November 28th, 2023
TORONTO – Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled. The bank says its net income totalled nearly $1.39 billion or $1.02 per diluted share for the quarter ended Oct. 31, down from $2.09 billion or $1.63 per diluted ... Read More »
Be the first to comment!Germany’s leader vows fixes for a budget crisis as the economy struggles. But he offers few details
By David Mchugh, The Associated Press on November 28th, 2023
FRANKFURT, Germany (AP) – German Chancellor Olaf Scholz vowed Tuesday that his government will work “as fast as possible” to lay out how to solve a budget crisis, but he offered few details on how he would achieve his goals of promoting clean energy after a court decision struck down billions in funding. With its ... Read More »
Be the first to comment!Russian court extends detention of Wall Street Journal reporter Gershkovich until end of January
By The Associated Press on November 28th, 2023
MOSCOW (AP) – A court in Moscow has extended the detention of Wall Street Journal reporter Evan Gershkovich, arrested on espionage charges, until Jan. 30, Russian news agencies reported. The hearing took place on Tuesday behind closed doors because authorities say details of the criminal case against the American journalist are classified. Gershkovich was detained ... Read More »
Be the first to comment!S&P/TSX composite closes down moderately along with U.S. stock markets
By The Canadian Press on November 27th, 2023
TORONTO – Canada’s main stock index closed down moderately Monday along with U.S. markets as investors stuck to a cautious outlook on the economy. The S&P/TSX composite index ended down 70.45 points at 20,032.66, led by declines in energy and base metal stocks. In New York, the Dow Jones industrial average was down 56.68 points ... Read More »
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