Company News for Apr 19, 2024

Yahoo Finance Canada
Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices
"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."
15 hours ago
Financial Post
Posthaste: Capital gains tax hike will hit more Canadians than we thought
Analysts say higher tax will cut returns from Canadian stocks
23 hours ago
The Motley Fool
TFSA: 3 Canadian Stocks to Buy and Hold Forever
TFSA investors could capitalize on these top Canadian stocks to generate tax-free capital gains and dividend income. The post TFSA: 3 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.
2 days ago
Reuters
Bank of Canada closer to being able to cut rates, Macklem says
OTTAWA (Reuters) -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.
2 days ago
GOBankingRates
Suze Orman Says This Is the Only Way To Be Investing in the Stock Market
Given her no nonsense approach to building wealth, it's not surprising that financial guru, Emmy-winning TV host and popular podcaster Suze Orman recommends certain risk-averse investments to her...
2 days ago
Bloomberg
Lululemon Billionaire Pledges Shares to Goldman for Margin Loan
(Bloomberg) -- Lululemon Athletica Inc. founder Chip Wilson pledged a chunk of his multibillion-dollar stake in the yogawear maker to secure financing from Goldman Sachs Group Inc., leveraging his biggest listed asset.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire EconomyUS and Saudis Near Defense Pact Aimed at Reshaping Middle
2 days ago
The Canadian Press
TD Bank hit with $9.2M penalty after failing to report suspicious transactions
TORONTO — Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S. The penalty by the Financial Transactions and Reports Analysis Centre of Canada, or Fintrac, comes after it imposed a $7.5-million fine against RBC and a $1.3-million fine against CIBC, both of which were announced in December. Those penalties were also
18 hours ago
The Motley Fool
Monthly Income Masters: 2 Canadian Stocks Paying Steady Dividends Every 30 Days
You can expect to earn reliable monthly passive income for years to come by investing in these two top Canadian monthly dividend stocks now. The post Monthly Income Masters: 2 Canadian Stocks Paying Steady Dividends Every 30 Days appeared first on The Motley Fool Canada.
19 hours ago
Yahoo Finance Canada
Air Canada shares plunge as wider loss, slowing travel demand weigh
The Montreal-based airline reported an adjusted net loss of $96 million, or 27 cents per share, more than the seven cents per share loss that analysts had expected.
17 hours ago
The Canadian Press
There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem
Bank of Canada governor Tiff Macklem says Canadian interest rates don't have to match U.S. or global rates, but there is a limit to how much they can diverge. Macklem made the comments while testifying before the House of Commons finance committee today. The governor says Canada is nowhere close to the limit when it comes to how much Canadian and American interest rates can differ. The Bank of Canada is widely expected to begin lowering its policy rate in the coming months, while forecasters exp
20 hours ago
Reuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
an hour ago
The Canadian Press
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of roughly 5.3%. Several hotter-than-expected reports on prices and economic growth have recently undercut the Fe
a day ago
The Motley Fool
Bull Market and Beyond: 2 Stocks Just Waiting to Soar
Some TSX stocks are trading near their multi-year lows because of slow economic growth. They are just waiting to soar as the economy revives. The post Bull Market and Beyond: 2 Stocks Just Waiting to Soar appeared first on The Motley Fool Canada.
14 hours ago
The Canadian Press
Air Canada pins hopes on business travellers after profits fall
MONTREAL — Canadian airlines have enjoyed a two-year boom amid consumer hunger for post-pandemic travel. But as that pent-up demand recedes, the country's largest carrier hopes to ramp up ticket sales to corporate customers instead. Until recently, the travel surge that followed COVID-19 restrictions failed to reach the business world, where pandemic habits of video conferencing and remote work proved tough to shake. But Air Canada, which reported a first-quarter earnings loss on Thursday — and
15 hours ago
Bloomberg
Bitcoin Slump Triggers Warning of ‘Trouble Ahead’ for Global Markets
(Bloomberg) -- Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTesla Axes Supercharger Team in Blow
a day ago
Financial Post
Tiff Macklem defends Bank of Canada's two per cent inflation target
Senators questioned whether central bank could raise the target to give Canadians relief on high mortgage rates
a day ago
The Motley Fool
My Top 2 Canadian AI Stocks to Buy in May
Shopify (TSX:SHOP) and another tech firm that's innovating on the front of generative AI technology! The post My Top 2 Canadian AI Stocks to Buy in May appeared first on The Motley Fool Canada.
a day ago
The Canadian Press
Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott begins
Loblaw chairman Galen Weston, as well as the company's new chief executive, pushed back on what they called “misguided criticism” of the grocer as a boycott againstthe company gains steam online. “As a well-known company and Canada's largest grocer, it is natural that Loblaw would be singled out as a focal point for media and government and of course consumer frustrations,” said Weston at the grocer's annual meeting on Thursday. He said though shareholders “may be troubled by these often-repeate
16 hours ago
Bloomberg
Jerome Powell offered markets a reprieve. It vanished in a blink.
(Bloomberg) -- Traders on Wall Street cheered on Wednesday when Federal Reserve Chair Jerome Powell signaled he didn’t see oncoming interest-rate hikes despite inflationary pressures. The celebration didn’t last long.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic E
a day ago
Global News
It's opening day for the $34B Trans Mountain oil pipeline expansion
The Trans Mountain pipeline expansion project will open on Wednesday. It took more than four years to construct, and was one of the most costly infrastructure projects in Canadian history. Kendra Slugoski reports.
2 days ago

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Company News for Apr 19, 2024

Latest Stories

Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices

Posthaste: Capital gains tax hike will hit more Canadians than we thought

TFSA: 3 Canadian Stocks to Buy and Hold Forever

Bank of Canada closer to being able to cut rates, Macklem says

Suze Orman Says This Is the Only Way To Be Investing in the Stock Market

Lululemon Billionaire Pledges Shares to Goldman for Margin Loan

TD Bank hit with $9.2M penalty after failing to report suspicious transactions

Monthly Income Masters: 2 Canadian Stocks Paying Steady Dividends Every 30 Days

Air Canada shares plunge as wider loss, slowing travel demand weigh

There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem

US stands to lose Canadian natural gas when LNG Canada terminal starts up

Federal Reserve says interest rates will stay at two-decade high until inflation further cools

Bull Market and Beyond: 2 Stocks Just Waiting to Soar

Air Canada pins hopes on business travellers after profits fall

Bitcoin Slump Triggers Warning of ‘Trouble Ahead’ for Global Markets

Tiff Macklem defends Bank of Canada's two per cent inflation target

My Top 2 Canadian AI Stocks to Buy in May

Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott begins

Jerome Powell offered markets a reprieve. It vanished in a blink.

It's opening day for the $34B Trans Mountain oil pipeline expansion