Canada Markets open in 9 hrs 6 mins
  • Politics
    The Canadian Press

    Congress prepares to take up bill preventing rail strike

    WASHINGTON (AP) — Congress is moving swiftly to prevent a looming U.S. rail workers strike, reluctantly intervening in a labor dispute to stop what would surely be a devastating blow to the nation’s economy if the transportation of fuel, food and other critical goods were disrupted. The House was expected to act first on Wednesday after President Joe Biden asked Congress to step in. The bill lawmakers are considering would impose a compromise labor agreement brokered by his administration that w

  • Business
    Bloomberg

    Stocks in Asia Are Beating Global Peers by the Most Since 1993

    (Bloomberg) -- November is turning out to be the best month for Asia stocks since early 1990s relative to their global peers.Most Read from BloombergScientists Revive 48,500-Year-Old ‘Zombie Virus’ Buried in IceBanks Stuck With $42 Billion Debt Seize Chance to Offload ItThese Are the Best and Worst Cities for Expats to Live and Work InThis Is Where Luxury Property Prices May Rise and Fall the Most in 2023Apple to Lose 6 Million iPhone Pros From Tumult at China PlantThe MSCI Asia Pacific Index ju

  • Business
    Reuters

    OPEC+ virtual meeting signals little likelihood of policy change ahead of Russian oil price cap decision - source

    The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday. A virtual meeting also puts the focus on the pending European Union deal on a price cap on Russian oil ahead of a Dec. 5 deadline imposed by the bloc for a full embargo on purchases of Moscow's seaborne crude. "OPEC+ would rather sit on the bench at this time and assess the outcome of what happens on Monday," the source added.

  • Business
    Bloomberg

    Stocks Seesaw in Asia Amid Focus on China, Fed: Markets Wrap

    (Bloomberg) -- Volatile trading pushed stocks between losses and gains in Asia as investors weighed Covid developments in China and awaited a speech from Federal Reserve Chair Jerome Powell later Wednesday. Most Read from BloombergScientists Revive 48,500-Year-Old ‘Zombie Virus’ Buried in IceBanks Stuck With $42 Billion Debt Seize Chance to Offload ItThese Are the Best and Worst Cities for Expats to Live and Work InThis Is Where Luxury Property Prices May Rise and Fall the Most in 2023Apple to L