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The Bank of Canada cut interest rates in June for the first time in four years, lowering the rate from five per cent to 4.75 per cent, and one chief investment strategist says economic trends point to more cuts in the coming months. Jun 24.
Cost cutting continues at BlackBerry as firm reports US$42-million net loss in Q1. BlackBerry Ltd.'s chief executive says the company's preparations to divide up its business have so far produced millions in savings and put the business on a path to profitability. 22h ago. 8:35.
BNN Bloomberg is Canada's Business News Network reporting on interest rates, inflation and the markets. BNN Bloomberg - Canadian Business News, TSX Today, interest rates and Bank of Canada coverage {{ currentBoardShortName }}
Apr 22, 2024 · Honda nears deal to make EVs in Canada: Canadian officials are close to a deal with Honda that would see the Japanese carmaker build electric vehicles and their components in Canada. The company already has a presence in Ontario’s manufacturing heartland, with a sprawling complex in Alliston, Ont. Bloomberg reports, citing unnamed sources ...
Jun 30, 2022 · Canada holds bank capital levels steady, says household debt risk is stable U.S. retail sales rise a meager 0.1% in May from April as still-high inflation curbs spending The Daily Chase: Toronto-based autonomous truck startup Waabi raises US$200M
Stock offerings are rebounding across Canada’s equity market, except for oil and gas companies, where issuance has dried up to the point that investment banks are scaling back their activities in Calgary. BNN Bloomberg is Canada's Business News Network reporting on interest rates, inflation and the markets.
Wall Street’s massive expiration of options not only left stock traders more cautious, it also drove one of the leaders of the bull market to a roller-coaster ride. Volume soared at the close of trading. BNN Bloomberg is Canada's Business News Network reporting on interest rates, inflation and the markets.
