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  • Business
    Bloomberg

    Slump in China Gas Shows Spreading Impact of Property Slowdown

    (Bloomberg) -- China’s property market woes are causing pains in broader parts of the economy, as disappointing earnings drove a major gas distributor’s stock to sink by the most since 2000, wiping out $2.5 billion in market value in one day.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransReliving the New York Subway Map DebateShares of China Gas Holdings Ltd. slumped by 20% on Tuesday, the worst

  • News
    The Canadian Press

    Rosier financial picture expected as Alberta delivers second-quarter budget update

    EDMONTON — Alberta's finance minister is expected to deliver some good news on the province's budget today when he releases the second-quarter update. Travis Toews says the economic outlook is improving across the board and not just in Alberta's mainstay oil and gas sector. A surge in oil and gas prices has helped Alberta's bottom line since Toews predicted an $18-billion deficit when he introduced the budget back in February. That deficit projection has since been halved to less than $8 billion

  • Business
    The Canadian Press

    Statistics Canada scheduled to detail third quarter GDP figures

    OTTAWA — Statistics Canada is scheduled to report this morning how the Canadian economy fared during the third quarter of the year. Late last month, the statistics agency initially estimated that real gross domestic product grew at an annual rate of 1.9 per cent between July and September. The figure is to be finalized today after the agency received additional data to determine if the economy did indeed rebound from a contraction of 1.1 per cent in the preceding three-month stretch. The consens

  • Business
    Bloomberg

    Stocks, Futures Hit by Vaccine Worry as Bonds Jump: Markets Wrap

    (Bloomberg) -- Fresh concerns about the efficacy of existing vaccines against the omicron coronavirus strain pushed markets back into risk-off mode on Tuesday, with stocks in Europe dropping alongside U.S. equity futures. Bonds gained as investors sought havens.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransReliving the New York Subway Map DebateThe Stoxx Europe 600 index fell more than 1%, more