Here are my three favourite TSX stocks with strong potential to compound shareholders’ wealth. The post My 3 Favourite TSX Stocks Right Now appeared first on The Motley Fool Canada.
Recent profit warnings from bellwether companies like Ford Motor Co, may signal more challenges ahead for corporate America, increasing wariness for investors as the stock market deepens its sell-off. The U.S. Federal Reserve raised interest rates by three-quarters of a percentage point for a third straight time on Wednesday in its fight to combat inflation, and some analysts think the aggressive hikes could tip the economy into recession. Ford Motor warned last Monday that inflation-related supplier costs will run about $1 billion higher than expected in the current quarter, while FedEx Corp outlined on Thursday cost cuts of up to $2.7 billion after falling demand hammered first-quarter profits.
Inflation is too high in Canada, so the Bank of Canada needs to increase interest rates to slow spending and give the economy time to catch up, Governor Tiff Macklem said on Monday in a video posted by the central bank on Twitter. "It is important that we get inflation back down so Canadians can plan their spending and their savings, and they don't get surprised by big changes in their cost of living." The Bank of Canada, like many of its global peers, is rapidly increasing interest rates in response to inflation running at levels not seen in decades.
(Reuters) -The Federal Reserve's need to bring down unacceptably high inflation will cause the jobless rate to rise but a recession is not inevitable, and there are signs price pressures may have already peaked, Boston Fed President Susan Collins said in her maiden public speech on Monday. "I do anticipate that accomplishing price stability will require slower employment growth and a somewhat higher unemployment rate," Collins told a local chamber of commerce in Boston, even as she made clear she fully supports the U.S. central bank's more aggressive push to quash price pressures running at 40-year highs.
(Reuters) -The union for Sunwing Airlines pilots said it is urging Canada's government to stop a plan by the Ontario-based leisure carrier to hire foreign pilots this winter to help cope with an expected holiday travel surge. Airline industry use of foreign pilots as aviation rebounds from the COVID-19 pandemic is sensitive for unions in Canada and the United States. "It's a punch in the face," Barret Armann, president of the union local that represents Sunwing pilots, said of the plan to hire non-Canadian pilots, adding that Labor Minister Seamus O'Regan "needs to step in and stop this."
Given their high yields, attractive valuations, and stable cash flows, these three TSX stocks are excellent buys for income-seeking investors. The post Passive Income: 3 Top TSX Stocks That Pay Dividends Monthly appeared first on The Motley Fool Canada.
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If you've got cash that you're looking to invest right now, here are two of the best TSX stocks to buy in this market environment. The post Got $1,000? 2 Simple TSX Stocks to Buy Right Now appeared first on The Motley Fool Canada.
ROME (AP) — The Brothers of Italy party, which won the most votes in Italy’s national election, has its roots in the post-World War II neo-fascist Italian Social Movement. Keeping the movement's most potent symbol, the tricolor flame, Giorgia Meloni has taken Brothers of Italy from a fringe far-right group to Italy's biggest party. A century after Benito Mussolini’s 1922 March on Rome, which brought the fascist dictator to power, Meloni is poised to lead Italy's first far-right-led government si
The U.S. Federal Aviation Administration (FAA) said Monday it will work with countries when it sees early indications that civil aviation authorities are not meeting safety standards. The FAA said if it notifies a country of a safety concern it will limit direct service and code sharing by foreign operators to current levels as it reviews whether to issue a downgrade. In May 2021, the FAA downgraded Mexico's aviation safety rating, an action barring Mexican carriers from adding new U.S. flights and limits the ability of airlines to carry out marketing agreements with one another.
WASHINGTON (AP) — President Joe Biden announced a new initiative Monday that would eventually allow consumers to see a more complete price on airline tickets — including baggage and change fees — before they buy, as the White House continues to search for ways to lower costs for Americans amid persistently high inflation. The White House says the proposed rule from the Transportation Department will prevent airlines from hiding the “true cost” of airline tickets, which would help consumers save
NEW YORK (Reuters) -Some investors are growing concerned the dollar's meteoric rise is setting the stage for a rapid reversal, which would bruise those who have sought refuge in the U.S. currency in recent months. Soaring U.S. interest rates, a comparatively strong American economy and demand for a haven from wild gyrations in asset prices have lured investors to the dollar, driving it up about 22% against a basket of currencies in the past year. Some investors worry the dollar trade has become excessively crowded, raising the risk of a sharp unwind if the case for owning the currency changes and investors try to exit their positions all at once.
Britain's gamble to spur growth with unfunded tax cuts into an inflation surge has morphed into a bona fide crisis for sterling and UK government bonds, with questions for all governments seeking ever more debt-funded economic supports. Supercharging an already rampant U.S. dollar around the globe, the sterling/dollar rate - nicknamed 'cable' by traders - went into virtual freefall at one point early on Monday. Foreign investors ran for the exits after the new government's fiscal plan on Friday threatened to stretch Britain's finances to their limits and finance minister Kwasi Kwarteng promised even further tax cuts at the weekend.
OTTAWA — Federal Industry Minister Francois-Philippe Champagne will represent Canada at former Japanese prime minister Shinzo Abe's state funeral this week. Prime Minister Justin Trudeau was scheduled to visit Japan and attend Tuesday's funeral, but cancelled those plans to oversee recovery efforts after post-tropical storm Fiona ravaged much of eastern Canada and parts of Quebec. Describing Abe as a friend and ally of Canada, Champagne says the former Japanese prime minister played an important
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LONDON (Reuters) -Turmoil in British financial markets forced mortgage lenders to temporarily withdraw and reprice products for new customers on Monday, a real-world consequence of the market volatility thrown up by finance minister Kwasi Kwarteng's mini-budget last week. Brokers said the moves were likely just the start of a big shift in Britain's mortgage market. The country's largest mortgage lender Halifax said it was withdrawing its fee-paying mortgage products - where borrowers could pay an arrangement fee in exchange for a lower interest rate - and moving to a full fee-free range.
Expect an ugly open to Asian markets on Monday as investors try to shield themselves from the fallout from the widespread selling that battered stocks, bonds, and currencies on Friday. The historic rout in UK bonds and sterling took center stage on Friday but at the heart of the gloom shrouding world markets is the Fed's drive to raise rates far higher than most people had bargained for, and the effect that is having on global rates. The dollar's 'wrecking ball' status is being painfully felt in Asia, where several currencies have sunk to multi-year or record lows, and central banks have intervened to try and stop the rot.
Les Femmes Michif Otipemisiwak / Women of the Métis Nation proudly celebrates Gender Equality Week and would like to take the time to highlight especially the roles and contributions of Métis women and gender diverse folks across Canada.
FRANKFURT, Germany (AP) — The head of the European Central Bank said Monday that the economic outlook “is darkening” and she expects business activity to “slow substantially” in the coming months as high energy and food prices pushed up by the war in Ukraine sap consumer spending power. ECB President Christine Lagarde hedged her remarks to the European Parliament regarding whether the eurozone would sink into recession, saying the bank's baseline scenario was subdued economic growth. But she app
For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by brochures touting its riverfront views and the city's clean air. "All the family's savings were invested in this house," Xu, 55, told Reuters from the Xiulan County Mansion complex, her room bare except for a mosquito net-covered bed, a few necessities and empty bottles on the floor. Xu and about 20 other buyers living in Xiulan County Mansion share a makeshift outdoor toilet and gather during the day at a table and benches in the central courtyard area.