Descartes Systems buys Aerospace Software Developments

Reuters
UPDATE 1-Magna lags profit estimates, cuts annual sales forecast on supply chain snags
Canada's Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. Magna, which produces powertrains, along with assembling complete vehicles, signed agreements with Fisker in 2020 to engineer and manufacture its Ocean SUV.
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TORONTO — TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. National Bank analyst Gabriel Dechaine said in a note that the worst-case scenario of the multiple U.S. investigations TD faces needs reassessing after the Wall Street Journal reported the link on Thursday. The newspaper said the U.S. Justice Department investigation is focused o
Reuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
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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The Independent
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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.
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 Motley Fool
How Much Will Bank of Nova Scotia Pay in Dividends This Year?
Bank of Nova Scotia (TSX:BNS) stock has a 6.66% dividend yield. The post How Much Will Bank of Nova Scotia Pay in Dividends This Year? appeared first on The Motley Fool Canada.
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
The Motley Fool
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Financial Post
David Rosenberg: Why the Bank Of Canada needs to start cutting rates … Now
Key data points indicate the central bank is keeping policy 'far too tight'
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It’s Currently 8.7%, but Is BCE’s Dividend Safe?
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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
The Motley Fool
Here Are My Top 4 TSX Stocks to Buy Right Now
Long-term investors can take advantage of near-term headwinds to buy these four stocks on the dip. The post Here Are My Top 4 TSX Stocks to Buy Right Now appeared first on The Motley Fool Canada.
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

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Descartes Systems buys Aerospace Software Developments

Latest Stories

UPDATE 1-Magna lags profit estimates, cuts annual sales forecast on supply chain snags

DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’

TD worst-case scenario more likely after drug money laundering allegations: analyst

US stands to lose Canadian natural gas when LNG Canada terminal starts up

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

Invest $10,000 in This Dividend Stock for $2,620.16 in Passive Income

Accounting firm used by Trump Media hit with ‘massive fraud’ charge

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

Canadian dollar rebounds as Fed keeps rate cuts on the table

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

Monthly Income Masters: 2 Canadian Stocks Paying Steady Dividends Every 30 Days

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

How Much Will Bank of Nova Scotia Pay in Dividends This Year?

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

My Top 2 Canadian AI Stocks to Buy in May

David Rosenberg: Why the Bank Of Canada needs to start cutting rates … Now

It’s Currently 8.7%, but Is BCE’s Dividend Safe?

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

Here Are My Top 4 TSX Stocks to Buy Right Now

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