Cardinal Health to Announce Third-Quarter Results for Fiscal Year 2024 on May 2

Yahoo Finance Canada
Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices
"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."
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Financial Post
Posthaste: Capital gains tax hike will hit more Canadians than we thought
Analysts say higher tax will cut returns from Canadian stocks
13 hours ago
Reuters
Canadian dollar rebounds as Fed keeps rate cuts on the table
The Canadian dollar strengthened against its U.S. counterpart on Wednesday, clawing back some of the previous day's sharp decline, as the Federal Reserve's signaling about prospects for interest rate cuts was not as hawkish as some investors had feared. The loonie was trading 0.5% higher at 1.3710 to the U.S. dollar, or 72.94 U.S. cents, after it touched intraday on Tuesday an 11-day low at 1.3784. The currency has been pressured in recent weeks by a wider gap between U.S. and Canadian yields as investors anticipated a delayed start to Fed rate cuts.
a day ago
Reuters
Bank of Canada closer to being able to cut rates, Macklem says
OTTAWA (Reuters) -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.
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Bloomberg
Lululemon Billionaire Pledges Shares to Goldman for Margin Loan
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The Canadian Press
TD Bank hit with $9.2M penalty after failing to report suspicious transactions
TORONTO — Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S. The penalty by the Financial Transactions and Reports Analysis Centre of Canada, or Fintrac, comes after it imposed a $7.5-million fine against RBC and a $1.3-million fine against CIBC, both of which were announced in December. Those penalties were also
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Yahoo Finance Canada
Air Canada shares plunge as wider loss, slowing travel demand weigh
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The Canadian Press
There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem
Bank of Canada governor Tiff Macklem says Canadian interest rates don't have to match U.S. or global rates, but there is a limit to how much they can diverge. Macklem made the comments while testifying before the House of Commons finance committee today. The governor says Canada is nowhere close to the limit when it comes to how much Canadian and American interest rates can differ. The Bank of Canada is widely expected to begin lowering its policy rate in the coming months, while forecasters exp
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The Canadian Press
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of roughly 5.3%. Several hotter-than-expected reports on prices and economic growth have recently undercut the Fe
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Moneywise
This finance YouTuber says there’s 1 retirement trap that no one talks about — here’s what you need to know
The problem is more psychological than financial.
a day ago
Financial Post
Tiff Macklem defends Bank of Canada's two per cent inflation target
Senators questioned whether central bank could raise the target to give Canadians relief on high mortgage rates
a day ago
The Canadian Press
Air Canada pins hopes on business travellers after profits fall
MONTREAL — Canadian airlines have enjoyed a two-year boom amid consumer hunger for post-pandemic travel. But as that pent-up demand recedes, the country's largest carrier hopes to ramp up ticket sales to corporate customers instead. Until recently, the travel surge that followed COVID-19 restrictions failed to reach the business world, where pandemic habits of video conferencing and remote work proved tough to shake. But Air Canada, which reported a first-quarter earnings loss on Thursday — and
5 hours ago
The Motley Fool
My Top 2 Canadian AI Stocks to Buy in May
Shopify (TSX:SHOP) and another tech firm that's innovating on the front of generative AI technology! The post My Top 2 Canadian AI Stocks to Buy in May appeared first on The Motley Fool Canada.
a day ago
Global News
It's opening day for the $34B Trans Mountain oil pipeline expansion
The Trans Mountain pipeline expansion project will open on Wednesday. It took more than four years to construct, and was one of the most costly infrastructure projects in Canadian history. Kendra Slugoski reports.
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The Motley Fool
Where to Invest $10,000 in May 2024
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a day ago
Financial Post
Hope springs eternal for mortgage rate market after Powell's comments
Robert McLister: Lower bond yields are good news for fixed rates in the short term
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The Canadian Press
Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday
HONG KONG (AP) — Asian stocks fell Wednesday with most of the markets in the region closed for a holiday. Meanwhile, U.S. stocks closed out their worst month since September. Oil prices were lower and U.S. futures were mixed. Tokyo’s Nikkei 225 index lost 0.8%, down to 38,089.09 in early trading after the country’s factory activity experienced a milder shrink in April, as the manufacturing purchasing managers’ index from au Jibun Bank rose to 49.6 in April from 48.2 in March. A PMI reading under
2 days ago
Reuters
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
The Irvine, California-based company's shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday's close. With the addition of the R2, Rivian expects a total annual capacity of 215,000 vehicles. The company said the funds from the state of Illinois would be spent on expanding the plant, improving public infrastructure and job training programs for its workforce.
6 hours ago

Media:	Erich Timmerman
	(614) 757-8231
	Erich.Timmerman@cardinalhealth.com

Investors:	Matt Sims
	(614) 553-3661
	Matt.Sims@cardinalhealth.com

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Cardinal Health to Announce Third-Quarter Results for Fiscal Year 2024 on May 2

Latest Stories

Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices

Posthaste: Capital gains tax hike will hit more Canadians than we thought

Canadian dollar rebounds as Fed keeps rate cuts on the table

Bank of Canada closer to being able to cut rates, Macklem says

Suze Orman Says This Is the Only Way To Be Investing in the Stock Market

Lululemon Billionaire Pledges Shares to Goldman for Margin Loan

TD Bank hit with $9.2M penalty after failing to report suspicious transactions

Air Canada shares plunge as wider loss, slowing travel demand weigh

There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem

3 No-Brainer Copper Stocks to Buy With $200 Right Now

Federal Reserve says interest rates will stay at two-decade high until inflation further cools

This finance YouTuber says there’s 1 retirement trap that no one talks about — here’s what you need to know

Tiff Macklem defends Bank of Canada's two per cent inflation target

Air Canada pins hopes on business travellers after profits fall

My Top 2 Canadian AI Stocks to Buy in May

It's opening day for the $34B Trans Mountain oil pipeline expansion

Where to Invest $10,000 in May 2024

Hope springs eternal for mortgage rate market after Powell's comments

Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday

Rivian receives $827 million in incentives to expand Illinois facility, shares jump