Deutsche Bank Raises S&P 500 Target to 5,500, Leading Wall Street

Deutsche Bank has increased its year-end target for the S&P 500 to 5,500, the highest forecast among major financial firms.....

US Treasuries Gain as Investors Weigh Fed's Next Move

Treasuries surged, and the US dollar fell as new economic data left investors uncertain about the Federal Reserve's upcoming decision....

Nvidia CEO Jensen Huang Talks Challenges and Future of AI

Nvidia CEO Jensen Huang recently shared his concerns and excitement about the future of AI at the Goldman Sachs Communacopia....

Fed’s Next Move: What a Bigger Rate Cut Could Mean for Stocks

Following an inflation report that exceeded expectations, the Federal Reserve is facing increased pressure to reconsider the size of its....

Bitcoin Falls as Harris and Trump Face Off in Debate

Bitcoin’s value dropped following a heated debate between Kamala Harris, the Democratic nominee, and Donald Trump, the Republican candidate, who....

Goldman Sachs CEO Expects 10% Dip in Trading Revenue for Q3

Goldman Sachs is set to experience a 10% drop in trading revenue in the third quarter, according to CEO David....

Tim Carpenter Joins Bank of America to Co-Lead Software Banking

Bank of America has successfully brought on board Tim Carpenter, a seasoned technology banker from JPMorgan Chase, to co-lead its....

Citigroup's Investment Banking Fees to Rise by 20% Soon

Citigroup expects a notable rise in its investment banking fees in the upcoming third quarter. The bank's Chief Financial Officer,....

Morgan Stanley's Wilson Warns of Risks from Yen Trades for US Stocks

Michael Wilson, a strategist at Morgan Stanley, has raised concerns about potential risks for US equities if the Federal Reserve....

Norfolk Southern Launches Probe into CEO Over Misconduct Claims

On Sunday evening, Norfolk Southern made a significant announcement, revealing that it has launched an investigation into its Chief Executive....

JPMorgan Chase Announces New Leadership for Mid-Cap M&A Division

JPMorgan Chase has recently made key changes to its mid-cap mergers and acquisitions (M&A) team, appointing Andrew Castaldo and Andrew....

Canadian Labour Productivity Falls for Second Consecutive Quarter

Labour productivity in Canada declined by 0.2% in the second quarter of 2024, marking a second consecutive quarterly drop, according....

Bank of Canada reduces interest rate, hints at more cuts

The Bank of Canada has reduced its key interest rate for the third consecutive time, cutting it by a quarter....

Canadian Investors Lean Toward U.S. Tech Stocks, Moomoo Survey Shows

A new report from Moomoo Financial Canada Inc. reveals that Canadian investors are increasingly drawn to U.S. tech stocks, particularly....

Nvidia Shares Hit Lowest Point Since August After DOJ Investigation

On Wednesday, Nvidia (NVDA) shares took a significant hit, dropping over 9% to $108 each as the market overall declined....

BOC Rate Cuts and Your Mortgage: What Homeowners and Future Buyers Should Know

If you're a homeowner or someone hoping to buy a home, the Bank of Canada's decision to cut interest rates....

Bank of Canada Likely to Reduce Rates Once More Amid Economic Concerns

The Bank of Canada is widely expected to lower interest rates again this Wednesday, marking the third rate cut in....

Stocks Face Uncertainty Despite Possible Fed Rate Cuts: JPMorgan Strategist

The recent surge in the stock market might not last, even if the Federal Reserve introduces a series of rate....

Goldman Sachs to Cut Jobs as Part of Annual Review Process

Goldman Sachs is set to reduce its workforce by a few hundred employees as part of its annual review process....

Canada Posts C$2.88 Billion Deficit in the April-June Period

Canada has shifted from a budget surplus to a deficit of C$2.88 billion in the first quarter of the fiscal....

Wall Street rises as S&P 500 celebrates a fourth winning month

Wall Street ended August on a high note, with stocks rallying after a midafternoon dip on Friday. The S&P 500....

CIBC Surpasses Profit Predictions, Eases U.S. Real Estate Worries

Canadian Imperial Bank of Commerce (CIBC) announced on Thursday that it expects minimal losses related to its U.S. office real....

Royal Bank of Canada Surpasses Profit Expectations, Shares Soar to New Heights

Royal Bank of Canada (RBC) exceeded profit estimates in its latest quarterly report, driving its shares to a record high....

National Bank of Canada Reports Strong Profit Growth Amid Market Gains

On Wednesday, the National Bank of Canada revealed a notable increase in its profits for the third quarter, largely driven....

Nvidia’s Sales Forecast Falls Short of High Expectations

Nvidia Corporation, a leader in artificial intelligence (AI) chip technology, released a sales forecast for the third quarter that fell....

Canada’s Credit Card Balances Hit Record High, Equifax Reports

Bloomberg - In the second quarter of this year, Canadian credit card holders carried an average balance of C$4,300 ($3,200),....

Asian Stocks Decline as Big Tech Weighs on U.S. Markets

Asian stocks took a hit on Tuesday following a mixed outcome on Wall Street. While the Dow Jones Industrial Average....

Bank of Canada Likely to Cut Interest Rates Faster in 2024

Economists are predicting that the Bank of Canada will continue lowering interest rates in its upcoming meetings, following two consecutive....

Global Stocks Approach Record High as Fed Rate Cut Looms

Global stock markets approached their highest levels on Monday, buoyed by the anticipation of interest rate cuts from the Federal....

Asian Stocks Mixed After Wall Street Rises on Rate Cut Hopes

Asian stock markets showed mixed results on Monday after U.S. stocks surged toward record highs, fueled by expectations that the....

Canadian Mutual Funds Surge to Highest Level in 2 Years, Driven by Bonds

In July, Canadian mutual funds witnessed their largest surge in sales in more than two years, according to the latest....

Bank of Canada's Rate Cuts Still Lagging, Says David Rosenberg

Despite two recent rate cuts by the Bank of Canada, David Rosenberg argues that the central bank remains significantly behind....

U.S. Equity Funds Surge as Rate Cut Bets Boost Investor Confidence

In the week leading up to August 21, U.S. equity funds attracted a remarkable influx of investment, driven by mounting....

Brookfield Eyes €9.5 Billion in Debt to Support Grifols Buyout

Brookfield Asset Management, based in Toronto, is pursuing a massive €9.5 billion ($10.6 billion) in debt from banks to finance....

Canadian Stocks Set for More Growth as Cash Piles and Investor Interest Surge

Canadian stocks are expected to continue their impressive run in the coming months, supported by strong cash reserves held by....

Couche-Tard's Bid for 7-Eleven Faces Debt and Dilution Risks

Alimentation Couche-Tard’s bold attempt to acquire Seven & I Holdings, the parent company of 7-Eleven, is raising concerns among analysts....

Powell Faces Crucial Decisions Amid Economic Uncertainty

Federal Reserve Chair Jerome Powell is preparing to make a pivotal speech at the annual Jackson Hole symposium, set against....

Canada's telecoms may sell assets like towers, Maple Leafs

Canada's major telecom companies are facing financial pressure due to intense competition and slow growth. This has led them to....

Big Banks Face Growing Borrower Stress as Third-Quarter Results Near

As the third quarter results of Canada's big banks approach, all eyes are on the ongoing financial strain faced by....

Investors Await Powell's Jackson Hole Speech for Rate Cut Hints

Federal Reserve Chair Jerome Powell faces a different challenge at this year's Jackson Hole economic symposium compared to last year.....

Caution Slows Stock Movement Ahead of Jackson Hole Meeting

The stock market showed minimal movement on Monday as traders exhibited caution ahead of the Federal Reserve's annual Jackson Hole....

Stocks Rally, Posting Best Week of 2024 After Early Dip

Stocks closed the week strong on Friday, with a significant rally on Thursday helping the S&P 500 and Nasdaq Composite....

Trump Discloses $513M Earnings from Resorts and Clubs

Former U.S. President Donald Trump's latest financial disclosure reveals that he earned a whopping $513 million from his golf courses,....

Wall Street Firms to Pay $470 Million Over Record keeping Failures

A group of major Wall Street firms, including Toronto-Dominion Bank’s TD Securities, BNY Mellon, and Truist, has agreed to pay....

Tech Stocks Drive Market Rebound with Strong Gains

The stock market has seen a notable resurgence as recent economic data has alleviated fears of a looming recession. Both....

Ballard Power's Stock Surges 7%, Overcoming CIBC Downgrade

Ballard Power Systems experienced a notable rebound in its stock value on Tuesday, with shares climbing 6.77% by the market....

US Inflation Anticipation Drives Stock Market Gains

European stock markets saw gains, and U.S. futures remained steady as investors awaited critical U.S. inflation data that could influence....

Ballard Power shares dip amid uncertain future sales

Ballard Power Systems saw its stock drop on Monday after the company's CEO, Randy MacEwen, cautioned investors about the unpredictability....

Asian Stocks Rise Amid Hopes for Lower U.S. Inflation

Asian markets were mostly higher on Monday, buoyed by a calm in Japanese trading due to a holiday, and the....

Adani Group Stocks Tumble Amid Hindenburg Accusations Against India Regulator

Adani Group's shares saw a significant drop after a report by Hindenburg Research accused the head of India’s market regulator,....

Traders Cautious on Stocks, Explore Alternative Options

After an exceptionally turbulent week in the markets, where the S&P 500 experienced its largest one-day drop and quickest rebound....

Prospect Capital Defends Its Record and Assures Funding Access

Prospect Capital Corp., a private lender with a 20-year history, has responded to recent criticisms regarding its financial practices and....

Algonquin Power Stock Drops 12.6% After Dividend Cut

Shares of Algonquin Power & Utilities (AQN) experienced a significant drop on Friday after the company announced a 40% reduction....

Global Stocks Rally as Traders Await Key U.S. Data

European stocks gained, and U.S. equity futures saw slight increases as the week closed out, with investors eagerly awaiting the....

Canada Unexpectedly Sees Trade Surplus Boosted by Energy and Gold

In a surprising turn of events, Canada achieved a C$638 million trade surplus in June, driven by a rise in....

Air Canada Shares Drop: CEO Displeased with Performance

Air Canada saw its stock decline on Wednesday, and the airline’s CEO expressed disappointment with the current share price. The....

Stocks Rebound After Three-Day Slump: S&P 500 and Nasdaq Lead the Way

US stock markets experienced a significant turnaround on Tuesday, bouncing back from a challenging three-day period that saw major losses.....

Canadian Stocks Dip Sharply Following Global Selloff

Canadian stocks took a steep dive at the opening bell on Tuesday as the Toronto Stock Exchange (TSX) and other....

Major U.S. Stock Indexes Drop Amid Recession Fears and Apple Decline

U.S. stock markets took a sharp dive on Monday, with the Nasdaq and S&P 500 each dropping over 3%. This....

Japanese Stocks Rebound Dramatically After Wall Street Slump

Japan’s stock market experienced a significant rebound on Tuesday, with the Nikkei 225 index closing over 10% higher. This surge....

Bitcoin and Ether Take Major Hits as Crypto Market Sinks

Cryptocurrencies faced a severe downturn on Monday, causing Bitcoin to drop over 14% and Ether to suffer its worst decline....

Japan's Nikkei Plunges 12.4% as Global Markets Worry About US Economy

Bangkok (AP) - On Monday, Japan's Nikkei 225 stock index nosedived 12.4%, reflecting investor anxiety over the U.S. economy. The....

Intel's stock drops 26% as recovery efforts face challenges

Intel's stock tumbled 26% on Friday, marking its worst day since 1974. The drop followed the company's announcement that it....

Nasdaq 100 enters correction as AI stocks tumble

In a significant market shift, the Nasdaq 100 Index has entered correction territory, shedding over $2 trillion in value in....

Bank of Canada may cut rates sooner after weak U.S. jobs data

Market expectations are rising that the Bank of Canada will cut interest rates at each of its remaining meetings this....

Buffett sells more Bank of America shares, totalling $3.8 billion

Berkshire Hathaway, the investment giant led by Warren Buffett, has been reducing its holdings in Bank of America, selling over....

Barclays reveals $960 million stock buyback and raises its forecast due to strong performance in investment banking

Barclays has made headlines with its announcement of a £750 million ($957 million) share buyback and an upgraded earnings forecast,....

Meta's Sales Surpass Estimates, Shares Rise on Ad Growth

Meta Platforms Inc. reported stronger-than-expected sales for the second quarter, highlighting how its investments in artificial intelligence (AI) are enhancing....

Canada’s S&P/TSX Composite Exceeds 23,000 for First Time

For the first time, Canada’s stock benchmark, the S&P/TSX Composite Index, closed above 23,000 points, signalling a strong performance driven....

US Job Openings Drop as Labor Market Cools with High Rates

US job openings slightly decreased last month, reflecting a cooling labour market as high interest rates continue to take effect.....

Crypto stocks in the US drop after Trump-driven surge

Shares of cryptocurrency companies listed in New York experienced a decline on Monday, following a brief surge in bitcoin's value.....

Temasek of Singapore to invest $30 billion in US over 5 years

Singapore's state-owned investment firm, Temasek, is gearing up to invest a whopping $30 billion in the U.S. over the next....

Alibaba's stock rises as the company announces plans to increase fees for merchants

Shares of Alibaba Group Holding Ltd. surged to their highest in two months as investors responded positively to the company’s....

Japan stocks lead Asia's gains amid U.S. inflation review, BOJ meet

Asian markets saw a significant rise on Monday, with Japan's Nikkei 225 leading the charge. This uptick followed a crucial....

NYSE Announces Delay of Bill Ackman’s Pershing Square IPO

Billionaire investor Bill Ackman has decided to delay the much-anticipated initial public offering (IPO) of Pershing Square’s U.S. closed-end fund.....

G20 Finance Chiefs Back Plan to Tax the Ultra-Rich

Finance ministers from the world's leading economies agreed on Friday to work towards effectively taxing the super-rich. The joint ministerial....

Oil prices rise slightly due to strong U.S. GDP, but Asia's troubles cap gains

Oil prices saw a modest increase on Friday, driven by better-than-expected U.S. economic data that raised hopes for higher crude....

Berkshire Hathaway sells $2.3 billion in Bank of America shares

In a significant move, Berkshire Hathaway, led by Warren Buffett, has been steadily reducing its stake in Bank of America....

Visa Shares Plunge Over 4% After Revenue Miss, Highlighting Industry Challenges

Visa's shares took a significant hit on Wednesday, dropping more than 4% and erasing all of the company's gains for....

S&P 500 and Nasdaq See Biggest Declines Since 2022 Due to Tesla and Alphabet Earnings

On Wednesday, the S&P 500 and Nasdaq ended at multi-week lows, marking their biggest declines since December 2022. The disappointing....

Foxconn plans to spend $138 million on a new headquarters in China

Foxconn, a major player in electronics manufacturing and Apple's top iPhone assembler has announced plans to build a new headquarters....

Revenue from China for top chip equipment makers has doubled since U.S. restrictions.

Since late 2022, four major semiconductor equipment manufacturers have seen a remarkable increase in their revenue from China, with their....

Markets expect Bank of Canada to cut interest rates again this week

Economists and market experts are eagerly anticipating another interest rate cut from the Bank of Canada this week. The expectation....

CrowdStrike shares drop amid ongoing global tech outage

CrowdStrike shares fell by 13% on Monday as the cybersecurity firm dealt with the aftermath of a major outage that....

Dollar Drops After Biden Exits Race, China Bonds Rise

The US dollar weakened and US Treasury bonds gained after Joe Biden announced he would not seek reelection and endorsed....

Biden’s Departure Raises Questions About Trump Trade Amid Election Shift

Investors have been positioning themselves for Donald Trump's potential return to the White House by reducing their holdings in long-term....

Stocks Drop on Wall Street and in Europe Due to Microsoft Outage

On Friday, stock markets on Wall Street and across Europe took a hit as a major IT failure caused widespread....

Regional US banks face profit pressure from high deposit expenses and sluggish loan demand

Several mid-sized and regional banks in the United States reported lower second-quarter profits, citing challenges in generating income from customer....

Morning Report: Markets prepare for a volatile day

This week has been tumultuous for investors, with a tech sell-off driven by escalating trade tensions between the U.S. and....

Intuitive Surgical's Profits Surge Due to High Demand for Surgical Robots

Intuitive Surgical had a standout second quarter, surpassing expectations with strong profits and revenue driven by soaring demand for its....

Warren Buffett Invested $7.1 Billion in This Stock Last Year

Warren Buffett, renowned as one of the best investors in history, continues to draw attention whenever he makes investment decisions.....

Morning Bid: Chip Prices Fall Amid Growing Trade Tensions

This week has seen a significant sell-off in technology stocks, driven by concerns over potential tighter restrictions on chip exports....

US bank leaders share insights on consumer outlook

U.S. banks have seen significant profits due to increased interest payments on loans, but many top executives are cautioning that....

Gold Soars to New High Over $2,460 as Rate Cuts Are Expected

Gold soared to a record high on Tuesday as investors grew increasingly optimistic about a potential interest rate cut in....

Canada's Inflation Rate Drops, Raising Hopes for Interest Rate Cuts

Economists are optimistic following a surprising decline in Canada’s national inflation rate, suggesting that the Bank of Canada might consider....

Berkshire Hathaway hits a new all-time high closing value

On Monday, Berkshire Hathaway's share price reached a remarkable new high, reflecting the strong trust investors have in Warren Buffett's....

BlackRock Reaches New Heights with $10.65 Trillion in Assets

BlackRock, the world’s largest asset manager, reported a record $10.65 trillion in assets under management for the second quarter of....

Swiss Officials Face Criticism in Credit Suisse Investigation

A preliminary report from a Swiss parliamentary committee investigating the 2023 collapse of Credit Suisse has revealed significant shortcomings among....

Goldman Sachs to announce Q2 earnings—Wall Street’s expectations

Goldman Sachs is set to announce its second-quarter earnings on Monday morning, and many are eagerly awaiting the results. This....

Bond Market Changes as Conditions Improve for Fed Rate Cuts

The U.S. bond market is experiencing a significant shift as traders begin to anticipate three interest rate cuts this year.....

Dow Surpasses 40,000 as Stocks Rebound After Tech Slump

US stocks finished the week on a high note, with all three major indexes posting gains on Friday. The Dow....

Oil Prices Climb as US Inflation Drops; Brent Set for Weekly Loss

Oil prices saw a slight increase on Friday, influenced by signs of easing inflation in the United States, which is....

Asian Stocks Mixed as Yen Fluctuates Following Wall St Gains

Asian stock markets experienced mixed results on Friday as the yen moved between gains and losses. This reaction followed encouraging....

Big Tech stocks rise, S&P 500 tops 5,600 for the first time

On Wednesday, US stocks surged to new all-time highs, cheered on by optimistic remarks from Federal Reserve Chair Jerome Powell....

Citigroup hit with $136M fine, setback for CEO Jane Fraser

Regulators have hit Citigroup with hefty fines totalling $136 million for ongoing failures in managing risks and controls, dealing a....

Tesla's shares rise for 10th day straight; investors hopeful for growth

Tesla's stock (TSLA) ended Tuesday up by around 4%, marking its tenth consecutive day of gains. This positive streak has....

Stocks rise to new highs as Powell's testimony fuels hopes for rate cuts

In a day marked by fresh highs on Wall Street, the S&P 500 and Nasdaq Composite achieved record closes once....

Tesla's stock rises for the 9th consecutive day

Tesla's stock (TSLA) continued its upward climb on Monday, marking its ninth straight day of gains with a modest increase....

Canadian mineral stocks drop due to stricter rules for mergers and acquisitions

Shares of Canadian mining companies specializing in critical minerals like copper and uranium took a dive on the Toronto Stock....

Key Insights This Week: Inflation Trends, Powell's Speech, and Major Bank Earnings Reports

Investors are set to face a significant week with a key inflation reading and the start of second-quarter earnings reports.....

Samsung's Shares Hit Three-Year Peak After Profits Skyrocket

The $160 billion memory market is bouncing back this year after a severe post-Covid downturn, driven by the rise in....

Trump Pushes for Corporate Tax Cuts, Faces Resistance from Some GOP Members

After President Joe Biden's recent debate performance, concerns about his suitability for a second term have grown. Stock market analysts....

Canadian Office Real Estate Sees Glimmer of Hope Amid Lingering Challenges

The Canadian office real estate market saw a glimmer of hope recently, with top-tier buildings experiencing a second consecutive quarter....

Brexit serves as a stark warning against Trump's policies

In 2016, Britain made a historic decision to leave the European Union, a move that Donald Trump enthusiastically supported, dubbing....

Asian stocks varied following Wall Street's positive performance

Asian markets showed a mixed response on Tuesday following gains on Wall Street and notable movements in the U.S. bond....

Traders Face Uncertainty as French Election Results Analyzed

Investors are gearing up for a rollercoaster week after Marine Le Pen's far-right party clinched the first round of France's....

Jefferies predicts Anglo American's coal fire will impact met coal sales

A fire at Anglo American's Grosvenor coal mine in Australia has dealt a significant blow to its operations, potentially impacting....

2024 Guide: Average CPP Benefits at 60 and 65

A recent survey by Abacus Data for the Healthcare of Ontario Pension Plan (HOOPP) unveils that almost half of Canadians....

Lawsuits planned to reclaim COVID aid overpayments: Canadian tax agency

The Canada Revenue Agency (CRA) is intensifying efforts to recoup more than $9 billion in pandemic relief payments that were....

Nike's shares drop as company forecasts bigger sales decline for 2025

Nike (NKE) stock plummeted by 11% in after-hours trading Thursday after the company projected a steeper revenue decline for 2025....

Canada's cities remain appealing to global workers despite rising rents squeezing affordability

Canada’s major cities have seen a decline in affordability over the past year, driven primarily by soaring rents, yet they....

Bank of Canada delays rate cuts until September amid ongoing economic recovery

Deloitte Canada's latest economic outlook predicts a strengthening Canadian economy in the latter half of 2024, bolstered by anticipated interest....

Morning Market Watch: Tech Optimism Curbed by Cautious Investors

Today's market reflects cautious optimism ahead of critical economic indicators, including the U.S. inflation reading, tech stock resurgence led by....

Food prices rise in May, marking first increase in nearly a year

Canadian households continue to face a squeeze from higher grocery prices, as food inflation saw its first uptick in nearly....

Macklem: Bank of Canada Can Manage Inflation Without Increasing Unemployment

Mark Carney, the Governor of the Bank of Canada, emphasized in a speech in Winnipeg that Canada's current unemployment rate....

Liberal government implements new capital gains tax today

The Canadian government has rolled out new capital gains tax rules, signaling a significant shift despite fierce opposition from business....

Bank of Canada Weighed Delaying Interest Rate Cut Until July

The Bank of Canada contemplated delaying an interest rate cut until July but ultimately opted for an earlier reduction, according....

Nuvei Shareholders Approve $6.3B Private Equity Buyout

MONTREAL - Nuvei Corp. shareholders have overwhelmingly approved a proposal for the company to be acquired by a U.S. private....

Federal Banking Regulator Holds Domestic Stability Buffer at 3.5%

The federal banking regulator has decided to keep the domestic stability buffer unchanged, indicating that while financial system vulnerabilities remain....

Are Destination Weddings Cost-Effective Amid Rising Travel Costs?

Last month, Matt Lassaline and Kirsten Whiteley from Ontario tied the knot against the picturesque backdrop of the Caribbean Sea....

Homebuyers' Response to Bank of Canada Rate Cut

The Bank of Canada's recent interest rate cut, the first in over four years, might not alleviate concerns about housing....

Changes to Capital Gains Tax Proposed by Liberals: Key Points

Finance Minister Chrystia Freeland regards the proposed amendments to capital gains taxes, introduced on Monday, as the pivotal legislation of....

Will one interest rate drop impact Canada's housing market? Key insights.

The Bank of Canada’s recent interest rate reduction, the first in over four years, is expected to have a "psychological"....

May's Unemployment Hits 6.2%: Will Further Rate Cuts Follow?

A decelerating economy is pushing more Canadians into part-time work, disrupting young Canadians' attempts to gain early work experience, as....

Will Summer See Further Relief as Gas Prices Decrease in Canada?

Experts anticipate a potential decrease in gas prices for Canadians planning summer road trips, but market volatility and weather-related disruptions....

Bank of Canada Cuts Interest Rate to 4.75% First Time in 4 Years

The Bank of Canada has reduced its key interest rate to 4.75%, marking the first cut since March 2020. Governor....

S&P/TSX Composite Rises Nearly 200 Points; U.S. Markets Mixed

In Toronto, the primary stock index rose nearly 200 points on Friday, while American markets showed a mix of gains....

Exploring 10-Year Mortgages: Alleviating Payment Shock for Canadians

A recent report from Desjardins sheds light on the challenges Canadian homeowners face with rising interest rates during mortgage renewals.....

Economists Watch April Inflation Ahead of BoC Decision

This week's upcoming inflation report from Statistics Canada is expected to reveal a dip in Canada's inflation rate for April.....

Bank of Canada: Rate Cuts Ahead as Inflation Cools?

Economists and financial analysts are increasingly leaning towards predicting interest rate cuts by the Bank of Canada following another report....

How to Get the Best Deal on a Used Car and Avoid a Lemon

Although prices have decreased since the peak of the pandemic, the used car market remains strong. Experts share tips for....

April Sees Decline in Home Sales and Construction

Canada saw a slight dip in both housing starts and home sales in April 2024, compared to March, as reported....

US, Canada Join Forces to Fund Critical Minerals Startup Lomiko

For the first time, the United States and Canada are collaborating to support the development of critical mineral mines run....

US Inflation Data Leaked Ahead of Schedule

The US Bureau of Labor Statistics acknowledged releasing Consumer Price Index (CPI) data prematurely by 30 minutes on Wednesday. This....

Bay Area Inflation Surges as Consumer Prices Climb

Inflation in the Bay Area picked up speed in April, rising faster than in previous months and indicating that high....

Stocks Inch Down on Monday; U.S. Markets Show Varied Performance

Toronto's primary stock index saw a decline on Monday, while U.S. markets displayed a mixed performance, anticipating significant economic data....

Sega Sammy Sells Resort to US Investment Firm

Sega Sammy, the Japanese entertainment giant famous for "Sonic the Hedgehog," is selling its resort, Seagaia, to Fortress Investment Group....

Eavor's Geothermal Tech Backed by EIB & EU Fund in Bavaria

The European Investment Bank (EIB) is financing a groundbreaking geothermal heating project in Bavaria with nearly €45 million. Partnering with....

Virginia Judge to Rule: Are Embryos Property?

A courtroom drama unfolded in Fairfax, Virginia, as a judge presided over a pivotal trial that could shape the legal....

Insights into Smart Port Market: Strategies & Trends 2023-2030

The Smart Port Market is set to witness significant growth, projected to expand at a compound annual growth rate (CAGR)....

Medicare, Social Security Solvency Extended: Relief in New Report

The anticipated depletion dates for Medicare and Social Security have been postponed, as revealed in the latest annual report from....

Nestle Chocolate Plant Strike: Unifor Reports Hundreds Walk Out in Toronto

In Toronto, a significant development unfolded as hundreds of employees at the Nestle chocolate plant opted to strike on Sunday.....

SEC Busts Trump Media's New Auditors for Massive Fraud

An auditing firm recently hired by Trump Media and Technology Group has been accused of "massive fraud" by the Securities....

Air Canada's Q1 2024 Financial Review

Air Canada recently released its financial results for the first quarter of 2024. The airline reported total operating revenues of....

Wealthsimple: Understanding Young Canadians' Struggles, Eyes Mortgages

Michael Katchen, CEO of Wealthsimple, is optimistic about the future of his online investment management platform and the financial prospects....

Trump Granted 36M Additional Shares in Trump Media Valued at $1.6B

Former President Donald Trump has secured an additional $1.6 billion in shares in Trump Media, as revealed by a recent....

Apple's iPhone Sales Drop 10% Yet Stock Soars

Apple revealed its sharpest decline in iPhone sales for a quarter since the onset of the pandemic, heightening pressure on....

Find Your Perfect Office Mate for Fair Share Success

In today's evolving landscape of workspace preferences, small businesses encounter a plethora of options when seeking suitable office accommodations. Despite....

Truth Social's Rollercoaster Debut Month in Trading

As Trump Media & Technology Group approaches its inaugural month on the public trading stage, it's clear that its journey....

B.C. Invests $25M to Boost Local Milk Production

The government of British Columbia has pledged $25 million towards expanding a milk production plant in Abbotsford, B.C., aiming to....

Alberta Proposes Bill to Cut Power Fees for Calgary Residents

In Edmonton, the Alberta government aims to shield Calgary residents from excessive surcharges on their power bills. Utilities Minister Nathan....

Key Canadian Business Events Next Week

In the upcoming week, Canadian business observers are keeping an eye on various key developments: Railway Earnings: Canadian National Railway....

Bitcoin Halving: What It Means for Miners, Prices, and the Environment

Bitcoin's latest "halving" event has occurred, marking a significant milestone in the world of cryptocurrency. This event, which takes place....

Experts: Addressing Construction Worker Shortage Vital for Housing Expansion

Experts emphasize that addressing the prolonged shortage of construction workers is crucial for increasing housing supply in Canada. The Canada....

Senate Grills Boeing on Safety Culture in Dual Hearings

An engineer at Boeing raised concerns about the company's rush to increase production, warning that it could result in defective....

Key Omissions in 2024 Federal Budget

The recent federal budget unveiling a $53 billion spending increase left some sectors wanting more. Here’s a breakdown of what....

Ottawa Eyes Canada Post Land for Housing in Budget

The Canadian government aims to utilize unused Canada Post and National Defence properties to address housing affordability, revealed in the....

China Surpasses Forecasts, Economy Up 5.3% Q1

China's economy showcased unexpected vigor in the first quarter of the year, outpacing analysts' projections and displaying resilience amid ongoing....

Biden's New Rule Demands Higher Fees for Oil & Gas Drilling on Federal Lands

The Biden administration has finalized a new rule requiring oil and gas companies to pay higher fees for drilling on....

MTY Food Group Sees Q1 Profits, Revenue Drop

MTY Food Group Inc., based in Montreal, faced challenges in its first quarter due to adverse weather and economic conditions,....

Wall Street Plummets, Wraps Up Worst Week Since October

Stocks in the U.S. experienced a significant decline after the earnings reporting season began with mixed results. The S&P 500....

CIBC Poll: 76% of Non-Owners Find Housing Market Unattainable

In Toronto, a recent poll sheds light on the daunting challenge facing aspiring Canadian homeowners. Published by CIBC on Thursday,....

Wall Street Holds Steady as Bond Yields Ease Pre-Inflation Report

On Wall Street concluded with a mixed performance as investors navigated the final trading session before the release of crucial....

Paramount Global Nears Acquisition Deal with Skydance Media

Paramount Global and Skydance Media are on the brink of finalizing a significant deal, with reports indicating that the media....

Rising Grocery Costs: Impact on Everyday Budgets

The cost of filling a grocery cart has significantly escalated over the past five years, as revealed by an analysis....

Olive Garden Struggles as Prices Rise: Dining Becoming Cost-Prohibitive

The popular American eatery, Olive Garden, known for its family-friendly atmosphere and Italian cuisine, is facing a decline in patronage....

Tesla Faces Delivery Dip Amidst Rising Competition

Tesla experienced a decline in its quarterly car deliveries for the first time since 2020, raising concerns about its global....

WestJet Encore Pilots Vote to Strike, Deepening Airline's Turmoil

WestJet Encore, the regional carrier under WestJet, faces potential turbulence as its pilots have voted in favor of a strike....

Microsoft and OpenAI Forge $100 Billion AI Supercomputer Project

Microsoft and OpenAI, the parent company of ChatGPT, are collaborating on an ambitious venture that entails the development of a....

Canadian Food Banks Grapple with Growing Financial Burdens

Amidst the pressing issue of affordability in Canada, not-for-profit organizations are facing significant financial challenges. The Central Okanagan Food Bank,....

Mississippi Issues Legal Warning to BlackRock Over ESG Strategies

BlackRock, a prominent investment firm headquartered in New York, has been served a legal warning by the state of Mississippi....

Truth Social's Turbulent Debut: A Close Look at Trump-Tied Media Company's Stock Surge

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