Debt, savings worries up as higher interest rates and costs take a toll: surveys
By The Canadian Press on July 10th, 2023
CALGARY – More than half of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month, a report by insolvency firm MNP Ltd. said, as higher interest rates and a rising cost of living have stretched budgets. At 52 per cent, ... Read More »
1 responseDye & Durham signs deal to sell TM Group business to Aurelius
By The Canadian Press on July 10th, 2023
TORONTO – Dye & Durham Ltd. has signed a deal to sell its TM Group business to Aurelius in an agreement worth up to 91 million pounds after a British competition regulator took issue with its acquisition of the business in 2021. Under the transaction, Dye & Durham will receive about 50 million pounds in ... Read More »
Be the first to comment!Transat AT signs deal to sell property in Mexico to Finest Resorts for US$38 million
By The Canadian Press on July 10th, 2023
MONTREAL – Transat AT Inc. says it has sold a piece of land in Mexico to resort company Finest Resorts for US$38 million. The travel company says the sale is part of its plan to focus on its airline business as it tries to return to profitability after more than two years of losses. Transat ... Read More »
Be the first to comment!Stock market today: Markets hold steady ahead of a busy week of updates
By Elaine Kurtenbach And Matt Ott, The Associated Press on July 10th, 2023
NEW YORK (AP) – Stocks are largely standing still on Wall Street ahead of a week with updates on where inflation and corporate profits are heading. The S&P 500 was up 0.1% in early trading Monday. The Dow rose 79 points, or 0.2%, and the Nasdaq composite was little changed. The big question hanging over ... Read More »
Be the first to comment!West Fraser Timber selling pulp mill in Hinton, Alta., to Mondi Group
By The Canadian Press on July 10th, 2023
VANCOUVER – West Fraser Timber Co. Ltd. has signed a deal to sell its unbleached softwood kraft pulp mill in Hinton, Alta., to Mondi Group, an integrated packaging and paper company. Mondi says it is paying US$5 million for the mill and plans invest 400 million euros to expand the facility. It plans to add ... Read More »
Be the first to comment!Debt worries up as higher interest rates and rising cost of living take a toll: MNP
By The Canadian Press on July 10th, 2023
CALGARY – A report by insolvency firm MNP Ltd. says 52 per cent of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month as higher interest rates and a rising cost of living have stretched budgets. The result for the ... Read More »
Be the first to comment!Bombardier patrol planes would sport price tag ‘competitive’ with Boeing bid
By Christopher Reynolds, The Canadian Press on July 10th, 2023
MONTREAL – The patrol planes Bombardier Inc. hopes could replace aging Canadian military aircraft will have a price “competitive” with that of jets from rival Boeing Inc., the Montreal-based company says. The business jet maker joined forces earlier this year with U.S.-based General Dynamics on a surveillance aircraft with submarine-hunting technology. Both partners are calling ... Read More »
Be the first to comment!As Canadian cities make pandemic patios permanent, experts call for clear standards
By Rosa Saba, The Canadian Press on July 9th, 2023
At the height of social distancing and other restrictions related to the COVID-19 pandemic, many Canadian cities rolled out temporary patio policies, loosening rules and waiving fees for bars and restaurants looking to seat more customers outdoors. These programs brought a glimmer of hope – and revenue – to businesses that had been forced to ... Read More »
1 responseBoC expected to raise rates again this week, vying to quash inflation faster
By Nojoud Al Mallees, The Canadian Press on July 9th, 2023
OTTAWA – The Bank of Canada is expected to raise interest rates again this week as forecasters say the economy has not softened enough for the central bank to back off. The interest rate announcement is scheduled for Wednesday, just over one month after the central bank hiked its key rate by a quarter of ... Read More »
1 responseS&P/TSX composite ticks upward on energy and base metals, U.S. stock markets down
By The Canadian Press on July 7th, 2023
TORONTO – Gains in energy and base metal stocks helped lift Canada’s main stock index higher Friday, while U.S. markets were down after a day of mixed trading. The S&P/TSX composite index was up 20.35 points at 19,831.04. In New York, the Dow Jones industrial average was down 187.38 points at 33,734.88. The S&P 500 ... Read More »
1 responseStock market today: Wall Street drifts after jobs report comes in warm but hopefully not too hot
By Stan Choe, The Associated Press on July 7th, 2023
NEW YORK (AP) – Wall Street drifted to a mixed close after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher. The S&P 500 gave up a midday gain and ended 0.3% lower Friday. The Dow fell 187 ... Read More »
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