Because it is not often 10-year yields suddenly drop 11 basis points, break a chart big barrier and hit three-month lows for no discernible reason. True, the Bank of Canada did manage to be both hawkish and dovish by hiking 50bp but flagging it might be near done tightening. Since the Fed hiked 75bp in November, 10-year yields have fallen 90bps to be 37 basis points under the cash rate, while 10-year fixed mortgage rates have dropped to 6.07% from 6.67%.
FLO, a leading North American electric vehicle (EV) charging network operator and smart charging solutions provider, has been selected as the supplier for General Motors' Dealer Community Charging Program. This program will install up to 40,000 public Level 2 EV chargers in local communities across North America. This project is the single largest deployment of EV chargers across North America.
SEOUL, South Korea (AP) — Officials say South Korea’s economy is recovering from the initial shock of a nationwide walkout staged by thousands of cargo truckers, even as their strike reached its 14th day on Wednesday amid a stalemate with the government over freight fare issues. The conservative government of President Yoon Suk Yeol has taken aggressive steps to defuse the impact of the strike, issuing contentious back-to-work orders to more than 2,000 drivers of cement trucks among broader grou
Intermediate player may lap much larger oilsands peers in deploying technology to cut emissions
WARSAW, Poland (AP) — The former head of Poland's state broadcaster said Wednesday that he now has a job at the World Bank, spurring disbelief in the European Union country where he is known for turning the news channel into a propaganda tool for the right-wing government. Kurski, who has no finance experience, said on Twitter that he has been named an alternate executive director — one of 25 at the 189-country anti-poverty agency — and is giving up “some of (his) political activity and politica
MOSCOW (AP) — A show of prison artwork by Viktor Bout, the Russian arms trader serving 25 years in the United States and the focus of speculation about a prisoner swap that could free WNBA star Brittney Griner, opened Tuesday at the upper chamber of the Russian parliament. The exhibition at the Federation Council underlines Russia's strong interest in the release of Bout, whom Russian officials say is an “entrepreneur” who was unjustly arrested and sentenced to 25 years but who is characterized
Apple Inc plans to allow users to more tightly lock down photos and notes stored on its iCloud service and require a physical security key when logging in from a new device, it said on Wednesday. The forthcoming options, along with another security measure for Apple's iMessage chat program, are particularly aimed at celebrities, journalists, activists, politicians and other high-profile individuals heavily targeted by hackers, the company said. U.S. users will be able to activate the free Advanced Data Protection for iCloud storage by the end of the year.
KPMG in Canada1 is proud to release its 2022 Our Impact Plan, the latest comprehensive update on the firm's progress towards its environmental, social, and governance (ESG) commitments. The report spotlights numerous initiatives KPMG has introduced to focus on key equity and sustainability issues through four central pillars: Planet, People, Prosperity, and Governance.
GameStop launched a digital wallet earlier this year to enable transactions in a marketplace it is building for gamers and others to buy, sell and trade non-fungible tokens, or NFTs. However, with crypto winter setting in and the value of cryptocurrencies plummeting, GameStop's digital wallet ambitions face a bleak future. GameStop posted revenue of $1.19 billion in the third quarter, missing estimates of $1.36 billion, according to Refinitiv IBES data.
Porter Airlines is introducing the first three routes with its new Embraer E195-E2 aircraft, between Toronto Pearson International Airport (YYZ) and Vancouver International Airport (YVR), Ottawa International Airport (YOW), and Montreal–Trudeau International Airport (YUL).
LONDON (Reuters) -Global oil prices have tumbled more than 20% as the threat to production from the G7 Russia price cap has receded allowing traders to refocus on the deteriorating outlook for consumption. Front-month Brent futures prices have slumped to less than $78 per barrel from a recent high over $98 just a month ago on Nov. 4. The collapse of spot prices and spreads is consistent with a cyclical downturn in the oil market and the onset of a business cycle slowdown or recession.
An independent panel of nursing experts has made 64 recommendations to improve patient care in the Mental Health and Addiction Care Program (MHAP) at Kingston General Hospital, many of which Ontario Nurses' Association (ONA) members have been raising for several years.
This is the opposite of an 'emergency' or 'crisis'
Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its affiliate, Galaxy Asset Management, ("GAM"), reported preliminary assets under management of $1,906.1 million as of November 30, 2022. The -6.6% decrease in preliminary AUM was driven by market depreciation partially offset by net inflows.
PARIS (AP) — Families of the 228 people killed on a Rio-Paris flight that crashed in 2009 were hoping for justice at last. Instead, they're wracked with anger and disappointment as a long-awaited trial wraps up Thursday with little sign that anyone will be held accountable. The verdict is expected on April 17 next year. Airbus and Air France, two major players in the aviation industry, face manslaughter charges in the trial over the crash of storm-tossed Flight 447 over the Atlantic. But even th
BERLIN/FRANKFURT (Reuters) -German rail operator Deutsche Bahn's management board has asked its supervisory board for the go-ahead to prepare a sale of its international logistics subsidiary Schenker, documents reviewed by Reuters showed on Thursday. The formality would allow management to "examine and prepare a sale of up to 100% of the shares in Schenker," the internal documents state ahead of a supervisory board meeting next week. This gives the state-backed train company the opportunity to consider a complete or partial sale to Schenker's competitors or to financial investors.
GoBolt, a technology company on a mission to build the world's largest sustainable, vertically integrated supply chain network, announces it has raised $75 million CAD in financing, bringing the total funds raised to date to more than $222.5 million CAD. This investment was led by Yaletown Venture Partners and Export Development Canada (EDC), with participation from BDC Capital, Northleaf Capital Partners, Whitecap Venture Partners, MIG Group, BMO Capital Partners and Ingka Investments, the inve
Canada's main stock index closed slightly lower on Thursday as a drop in oil prices weighed on high-flying energy shares and a senior Bank of Canada official left the door open to additional interest rate hikes. The Toronto Stock Exchange's S&P/TSX composite index ended down 4.03 points at 19,969.19, its fifth straight day of declines and its lowest closing level since Nov. 17. The Bank of Canada will study the most recent economic data to gauge whether to raise interest rates further, Deputy Governor Sharon Kozicki said, adding the central bank would still move forcefully if necessary.
Here's why Shopify (TSX:SHOP) is a growth stock with the potential to provide 1,000% returns over the next 10 years. The post This Growth Stock Could 10X in 10 Years appeared first on The Motley Fool Canada.
"While the banking system has so far been relatively unscathed by the latest crypto crash, FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware," the lawmakers wrote to the chiefs of the Fed, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency in letters dated Wednesday and released by Warren's office on Thursday. "We write to express concern ... and to inquire about how your agency assesses the risks to banks and the banking system associated with those relationships," wrote the senators, both Democrats on the Senate Banking Committee.