Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell said the central bank might scale back the pace of its interest rate hikes as soon as December. The S&P 500 rallied and closed above its 200 day moving average for the first time since April after the release of Powell's remarks prepared for delivery at the Brookings Institution think tank in Washington. Powell also cautioned that the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long.
An 800MW solar power plant in Qatar has been connected to the grid at full capacity, with all modules provided by LONGi. Located to the west of Doha, over an area of 10 km2, the Al-Kharsaa project is developed by a consortium of Total and Marubeni and is Qatar's first solar power plant. Equipped with LONGi Hi-MO series bifacial modules and a tracking system, the plant is the world's largest PV project to combine these two elements.
Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced that Jacynthe Côté will be appointed as Chair of the Board, effective upon her re-election as an independent director at RBC's meeting of shareholders on April 5, 2023.
As the winter season approaches, there is nothing more comforting than sharing a warm cup of coffee with loved ones. This holiday, McCafé® invites Canadians to extend that comfort by contributing to a greater cause and Share a Cup of Love in support of Ronald McDonald House Charities® (RMHC®) Canada.
BERLIN (Reuters) -Volkswagen has begun searching for a site for the German carmaker's first battery cell factory in North America, its CEO announced on Thursday. Confirming an earlier Reuters story, Volkswagen CEO Oliver Blume and Canadian industry minister Francois-Philippe Champagne signed an addendum to their existing memorandum of understanding from August, agreeing to identify suitable sites for the planned cell plant. Blume said that battery technology was key for the company's strategy and that it was committed to investing in North America.
U.S. job openings decreased in October, but remained significantly high, pointing to continued labor market resilience despite the Federal Reserve's efforts to cool demand by aggressively raising interest rates. The tight labor market keeps the Fed on course to continue tightening monetary policy, heightening the risks of a recession next year. Most economists, however, believe any downturn will likely be short and mild because of the unprecedented jobs market strength.
Espace pour la vie is proud to present Worlds of Ice, a film by Philippe Baylaucq, produced by the National Film Board of Canada in collaboration with the Planétarium Rio Tinto Alcan. Worlds of Ice is a spectacular 360° immersion into the vast and fascinating topic of . . . ice. This substance, whose dynamics universally affect biology, astronomy, anthropology, sports, culture and art, plays so many roles in our lives and in the universe. But how well do we really know it? Narrated in the distin
Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes "as soon as December," even as he cautioned that inflation was still too high. While roughly in line with previous comments, Powell's words were a relief for investors who had feared more hawkishness. After waiting "with bated breath" for any clarification on Fed tightening, Wednesday's comments provided relief to the market, according to Chuck Carlson, Chief Executive Officer at Horizon Investment Services in Hammond, Indiana.
MELBOURNE (Reuters) -Woodside Energy Group Ltd, Australia's top independent gas producer, flagged on Thursday a drop in free cash flow over the next few years, which raised alarm among analysts about future dividend payouts. Woodside's shares fell 1.8% after its annual investor briefing in a broader market that was up 0.9%, even after Chief Executive Officer Meg O'Neill said the company was committed to paying out at least 50% of net profit after tax. Analysts are forecasting a payout of around $4 billion a year over the next few years, which Barrenjoey analyst Dale Koenders said would use up free cash flow and potentially leave no room for growth projects like the Trion oil project off Mexico, estimated to cost between $6 billion and $8 billion.
On November 29, 2022, meeting of Global Alliance of Leaders for Nuclear Security and Nuclear-Weapon-Free World (GAL), which unites political leaders, diplomats, experts, Nobel peace prize laureates, heads of international NGOs from 45 countries, was held at Dialogue of Continents forum in Paris.
Roots ("Roots Canada" or the "Company") (TSX: ROOT), the premium outdoor-lifestyle brand, today announced that the Company will host a conference call to discuss its Fiscal 2022 third quarter results on Friday, December 9, 2022. Ms. Meghan Roach, President & Chief Executive Officer, Ms. Mona Kennedy, Chief Financial Officer and Mr. Leon Wu, Vice President of Finance and Strategy, will host the call.
NEXCOM, a leading supplier of network appliances, introduces two commercial off-the-shelf (COTS) systems from its new NVR product series: PNSA 3171 and PNSA 3171A. With support for 8 and 24 PoE switch ports respectively, these 1U rackmounts are powered by the Intel® Core™ processor family to provide ample computing power to process data. PNSA 3171 and PNSA 3171A are software- and hardware-ready platforms, designed to reduce the complexity of cabling and maintaining surveillance systems, saving t
Jacynthe Côté, the first woman to chair Hydro-Québec's Board of Directors, recently informed the Québec government that she would not stay on for a second term once her current term ends in May 2023. She has been appointed Chair of RBC's Board of Directors, which will take effect upon her re-election as an independent director at RBC's meeting of shareholders on April 5, 2023.
CMHC report shows mortgage volumes slowed in second quarter
Megan Leslie and Jason Storah: Delegates to call on business leaders to commit to biodiversity to sustain populations, economies
WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes. Applications for jobless aid fell to 225,000 for the week ending Nov. 26, a decline of 16,000 from the previous week's 241,000, the Labor Department reported Thursday. The four-week moving average of claims, which evens out week-to-week swings, inched up by
Public Advisory - TUMS Peppermint Regular Strength tablets: One lot recalled due to contamination
TORONTO — From boosting cash on hand to cutting staff, Canadian banks are taking a variety of strategies to prepare for a widely expected economic slowdown in the year ahead. Banks outlined some of their approaches in their fourth quarter results this week, which saw executives strike notes of caution because of the variety of economic pressures, while still committing to a push for growth. "As we look ahead to 2023, global economic growth is expected to be slower as central banks continue with
NEW DELHI (AP) — India's oldest and largest conglomerate, Tata Sons, will merge its Air India with Vistara, which it jointly runs with Singapore Airlines, in a major step toward revamping the country’s debt-laden national carrier. The merger will strengthen Singapore Airlines' foothold in India's fast-growing aviation market, the company said in a statement. It is also expected to bolster the Tata Group's competitive position in the market against the country's dominant carrier, IndiGo. Singapor
GUATEMALA CITY (AP) — The prominent Guatemalan investigative newspaper “El Periodico” announced Wednesday that it is stopping its print edition, after the government arrested the paper’s president. José Rubén Zamora was arrested in July and charged with money laundering and extortion. Zamora has overseen dozens of investigations into corruption during his leadership at El Periodico since the paper was founded in 1996. All of the paper’s reporters have been let go, and it is not clear how it can