Investors can buy these growth stocks at significant discount and benefit from the steep recovery in their prices. The post 2 TSX Growth Stocks I’d Buy and Hold Forever appeared first on The Motley Fool Canada.
New research by the International Monetary Fund shows that sustained wage-price spirals are historically rare, and recent sharp interest rate hikes by central banks are likely to help prevent high inflation expectations from becoming entrenched. In an analytical chapter released on Wednesday from the IMF's forthcoming World Economic Outlook, the Fund said wage and price hike dynamics in 2020 and 2021 were driven by "highly unusual" COVID-19 pandemic shocks, unlike past episodes that reacted to more conventional economic forces. IMF researchers studied 22 episodes of high inflation and falling real wages in advanced economies over the past 50 years and found most subsided quickly.
Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced that the Company will release its third quarter ended October 1, 2022 financial results before the markets open on Thursday, November 10, 2022.
Canadian Western Bank (CWB) is honoured to win a 2022 Impact Award in Cash Management and Payments from Aite-Novarica Group, a global advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to the financial services industry. CWB's Virtual Chief Operating Officer (Virtual COO) garnered the award in the Artificial Intelligence and Advanced Analytics category. CWB is the only Canadian company among the award winners this year.
WASHINGTON (Reuters) -FedEx Express pilots and management on Wednesday said they have jointly filed for federal mediation with the National Mediation Board for assistance with contract negotiations that began in May 2021. The Air Line Pilots Association (ALPA) said the filing is necessary to seek expedited mediation under the Railway Labor Act. More than 100 off-duty FedEx pilots held an informational picket in New York last week.
I bought and sold Suncor Energy (TSX:SU)(NYSE:SU) stock this year. There is one other energy stock I bought and held. The post 1 Energy Stock I Bought This Year — and 1 I Sold appeared first on The Motley Fool Canada.
BEIRUT (AP) — Lebanese depositors, including a retired police officer, stormed at least four banks in the cash-strapped country Tuesday after banks ended a weeklong closure and partially reopened. As the tiny Mediterranean nation's crippling economic crisis continues to worsen, a growing number of Lebanese depositors have opted to break into banks and forcefully withdraw their trapped savings. Lebanon's cash-strapped banks have imposed informal limits on cash withdrawals. The break-ins reflect g
CANBERRA, Australia (AP) — The Australian government announced changes Thursday to its telecommunications law to protect vulnerable customers after personal details were stolen in a major cyberattack on the nation’s second-largest wireless carrier. The changes to Telecommunications Regulations allow Optus and other providers to better coordinate with financial institutions and governments to detect and mitigate the risk of cybersecurity incidents, fraud, scams and other malicious cyber activitie
Amazon.com Inc is investing in outside venture capital funds for the first time, saying on Wednesday it planned to hand $150 million to firms that are backing underrepresented founders. The online retailer said it is aiming to put money into more than 10 funds supporting some 200 companies at or before the seed stage of investment, through 2023. It is focused on Black, Latino, female, Indigenous and lesbian, gay, bisexual, transgender, queer, intersex and asexual (LGBTQIA+) founders, Amazon said.
OPEC+, which groups members of the Organization of Petroleum Exporting Countries and allies including Russia, agreed to cut their output target by 2 million barrels per day (bpd) at a meeting in Vienna on Wednesday after spending most of the last two years adding back production slashed in 2020 when the COVID-19 pandemic hit. Morgan Stanley raised its first-quarter 2023 Brent price forecast to $100 per barrel from $95 per barrel, noting: "Brent will find its way to $100 per barrel quicker than we estimated before."
At its General Meeting on October 4, Saint-Laurent Council adopted its budget for 2023. Totalling $78,377,000, it represents an increase of $1,823,400 over the $76,553,600 budget adopted for 2022, and $494,600 from the surplus was used to achieve a balance.
LOS ANGELES (AP) — The founder and CEO of a software company targeted by election deniers was arrested Tuesday on suspicion of stealing data on hundreds of Los Angeles County poll workers. Konnech Corporation's Eugene Yu, 51, was arrested in Meridian Township in Michigan and held on suspicion of theft of personal identifying information, while computer hard drives and other “digital evidence" were seized by investigators from the county district attorney's office, according to the office. Local
There are too many variables to determine who is about to endure the roughest ride, CIBC economists say
Based on Frost & Sullivan's extensive research into the urban air mobility industry, it is proud to present Archer Aviation with the 2022 North America Company of the Year Award. Archer Aviation is developing electric vertical takeoff-and-landing (eVTOL) aircraft for urban air mobility (UAM) travel. These aircraft will have easier intracity travel, cutting hour-long commutes to minutes and easing traffic congestion on city infrastructure through its aerial ridesharing service.
Despite a challenging environment, I am bullish on goeasy due to its solid track record, healthy long-term growth prospects, and attractive valuation. The post Why goeasy (TSX:GSY) Stock Fell 9.5% in September appeared first on The Motley Fool Canada.
After a tumultuous year, U.S. gasoline prices have been steadily falling from peaks reached in June due to high demand and tight global refining supply. Although 60% of U.S. states saw gasoline prices fall week on week, the national average gas price increased by about 7 cents per gallon in the same period, according to data from the American Automotive Association. Last week top White House officials met with oil executives to discuss Hurricane Ian and low gasoline inventories as President Joe Biden warned the industry not to price-gouge consumers.
(Reuters) -McDonald's Corp has temporarily beaten back a lawsuit by 52 Black former franchise owners who claim the fast-food chain set them up for failure by steering them toward crime-ridden, low-income neighborhoods. A federal judge in Chicago dismissed the 2020 lawsuit in a written order last week, but gave the plaintiffs until Oct. 21 to file an amended complaint. The plaintiffs claim McDonald's has not offered profitable restaurant locations and growth opportunities to Black franchisees that were on the same terms as white franchisees, despite its public commitment to diversity and Black entrepreneurship.
SYDNEY (Reuters) -New Zealand's central bank on Wednesday lifted interest rates to a seven-year high and promised more pain to come as it struggles to cool red-hot inflation in an over-stretched economy. The Reserve Bank of New Zealand's (RBNZ) policy committee raised its official cash rate by 50 basis points to 3.5%, the fifth such outsized move and the eighth hike in 12 months. The committee even debated whether to hike by 75 basis points given intense price pressures in the economy, but decided on a half-point move.
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Daniel Kelly and his wife bought a 1977 doublewide mobile home in May for about $83,000 at Tropicana Sands, a community for people 55 and older in Fort Myers, Florida. But he ran into roadblocks when he tried to insure it. Managers at Tropicana Sands told him he likely wouldn’t be able to find a carrier who would offer a policy because the home was too old. He said he checked with a Florida-based insurance agent who searched and couldn’t find anything. “I can insure a 1940s car, why can’t I insu