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The Canadian bond market is coming to the view that expected multiple interest rate hikes in 2022 by the Bank of Canada, including one potentially this week, will bring price pressures under control, albeit at a cost of slower economic growth. This marks a shift in perception that is underscored by moves in the so-called inflation breakeven rate, a market measure of inflation expectations. In contrast, recent survey data https://www.reuters.com/world/americas/firms-see-increasing-labor-shortages-wage-pressures-bank-canada-survey-2022-01-17 from the Canadian central bank showed that expectations for price increases among consumers and businesses have climbed.
CANBERRA, Australia (AP) — Australian Prime Minister Scott Morrison has lost control of his account on the Chinese-owned social media platform WeChat and a lawmaker on Monday accused China's leaders of political interference. Morrison’s 76,000 WeChat followers were notified his page had been renamed “Australian Chinese new life” earlier this month and his photograph had been removed, Sydney’s The Daily Telegraph newspaper reported. The changes were made without the government’s knowledge, the re
The dollar rose to a two-week high on Monday against a basket of currencies, lifted by rising geopolitical risk over Ukraine and a likely hawkish stance from the Federal Reserve at its policy meeting this week. Markets until recently had mostly shrugged off the massing of Russian troops on Ukraine's borders, but tensions have ratcheted up lately. NATO said it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets, in what Russia denounced as an escalation of tensions.
VANCOUVER — Unionized workers at Teck Resources Ltd.'s Highland Valley Copper operations in British Columbia have ratified a new five-year collective agreement. United Steelworkers Local 7619 says the contract was ratified with 81.2 per cent of ballots in favour. It says that 869 of the 1,048 USW workers at the mine voted on whether to accept the new agreement. The USW had issued a strike notice Jan. 11 after being without a contact since Sept. 30, 2021 and two the sides entered into mediation.
A tumultuous day on Wall Street saw stocks end higher after posting heavy losses earlier in the day, as uncertainty over rising geopolitical tensions and Fed policy weighed down oil and boosted safe havens. The Dow ended up 0.29%, while the S&P 500 gained 0.28% and the Nasdaq Composite added 0.63%. The market tumult came as NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets in response to Russia's military build-up at Ukraine's borders.
Evergrande said in a Hong Kong Stock Exchange filing that Siu Shawn, 50, who was chairman of the board of China Evergrande New Energy Vehicle Group Limited, had entered into a service contact for three years. The stock exchange filing said that Lai Lixin and Huang Xiangui had both resigned as executive directors of Evergrande.
The Canadian dollar weakened on Monday to its lowest level in more than two weeks against its U.S. counterpart as investors dumped riskier assets on fears of a Russian attack on Ukraine. "While risk-off price action has been abundant today due to geopolitical factors, it took the nosedive in U.S. equity markets to trigger a fresh wave of risk aversion in markets," said Simon Harvey, head of FX analysis for Monex Europe and Monex Canada. Canada is a major producer of commodities, including oil, so the loonie tends to be sensitive to moves in risk appetite.
Canada's main stock index on Monday fell to a five-week low as fears of a Russian attack on Ukraine and aggressive policy tightening by the Federal Reserve weighed on investor sentiment, but the index clawed back much of its earlier decline. The Toronto Stock Exchange's S&P/TSX composite index ended down 50.09 points, or 0.2%, at 20,571.30, its lowest closing level since Dec. 20. "Momentum to the downside has been picking up over the last couple of weeks," said Philip Petursson, chief investment strategist at IG Wealth Management.
Richard Davis was a bankrupt pizzeria owner when he got the idea for a bulletproof vest in 1969 Michigan. Body armor was nothing new, of course, but Davis had an inkling that he could make something lighter that could be worn, undetected, under clothes. Kevlar, he’d discover, was the answer. And to prove that his invention actually worked, Davis, a former Marine and born showman, went to some extraordinary lengths: He shot himself over 190 times. Somehow, that’s not even the wildest part of his
FREDERICTON — The licence for Atlantic Canada's only nuclear power generating station expires in June, and the New Brunswick Crown corporation that operates the aging CANDU-6 reactor is seeking to renew it for an unprecedented 25-year term. The last two licences to operate the Point Lepreau Nuclear Generating Station, located about 40 km southwest of Saint John, N.B., were for five years each. "We are asking for a 25-year licence, which would be a first in Canada, based on some improvements that
Forum Equity Partners ("Forum") today announced that it has partnered with Ryna Living ("Ryna") on the Forum Real Estate Income and Impact Fund's ("REIIF" or the "Fund") Latin Quarter multi-family apartment property in Montreal, located at 365-369 Ontario Street East. Ryna is a co-living and apartment rental platform that leverages technology to make renting easier and safer for people who identify as women.
Concept Medical Inc., focused on vascular intervention drug delivery devices, shares the latest status of its IMPRESSION (sIroliMus coated balloon angioPlasty versus plain balloon angioplasty in the tREatment of dialySis acceSs dysfunctION) randomized controlled trial (RCT), as it crosses the 50 per cent enrollment mark.
PARIS (AP) — It was a fashion history-making moment in Paris for Kenzo on Sunday as it unveiled the debut for its first Japanese designer since house founder Kenzo Takada. Nigo, 51, thus becomes only the second Asian designer at the head of a European high fashion label, alongside Bally’s Filipino-American Rhuigi Villaseñor. His appointment represents a milestone as the luxury industry wrestles more broadly with questions over racism and diversity. The show venue of Galerie Vivienne underlined t
Understanding the fundamentals and factors behind the undervaluation of assets is imperative in making the right value investment decision. The post Value vs. Return Potential: 3 Stocks for the Right Balance appeared first on The Motley Fool Canada.
ELKVIEW, W.Va. (AP) — While making biscuits and meatloaf at a fast-food restaurant during the coronavirus pandemic, 64-year-old Cynthia Nicholson often thinks back to her husband’s coal mining days in West Virginia. In that job and in his time as a pipefitter, she said, the work was grueling and sometimes dangerous — but there were standards for safety, working conditions and wages, and people felt they were treated fairly. She said that was because he belonged to unions. At Tudor’s Biscuit Worl
Constellation Software (TSX:CSU) and Docebo (TSX:DCBO)(NASDAQ:DCBO) look like compelling TSX tech stocks to buy amid a market correction. The post 2 TSX Tech Stocks to Buy Amid a Painful Selloff appeared first on The Motley Fool Canada.
Previous growth is no guarantee of future growth, but it's the foundational data on which to build upon predictions for future stock movements. The post 2 High-Growth TSX Stocks That Could Soar appeared first on The Motley Fool Canada.
Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (OTCQX: TREVF) (BVL:TV) (Frankfurt: 4TI) takes note of the ongoing political situation in Burkina Faso. We are continually monitoring the developments to determine the extent, if any, to which operations at Perkoa may be impacted and will provide updates as and when appropriate.
Tencent Holdings, China's biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had blacklisted from future contracts. Tencent said in a social media post that it had also reported more than 10 people to authorities over their actions. Tencent started its anti-graft campaign in 2019 and has been regularly reporting the results of its probes.
(Reuters) -Peloton Interactive Inc's stock surged on Monday after investment firm Blackwells Capital urged the exercise equipment maker's board to fire its chief executive and put the company up for sale. Peloton, which initially became a market darling during the pandemic as people flocked to its bikes, treadmills and popular streamed workouts, is now on worse footing than two years ago, Blackwells said. It urged the board to remove CEO John Foley immediately, accusing him of creating an atmosphere of high fixed costs and holding on to excessive inventory while also misleading investors about the need to raise capital.