MPs demand to know why ‘not one single head’ of the grocery giants showed up to publicly defend their company Metro Inc. was the latest grocery giant to appear before parliamentarians investigating allegations of profiteering in the grocery business. Photo by Brent Lewin/Bloomberg The heads of Canada’s top supermarket chains have so far snubbed parliamentarians… Continue reading Grocery CEOs snub Ottawa profiteering inquiry, exacerbating tensions with politicians
Bank of Canada won’t be cutting interest rates anytime soon: Tiff Macklem
‘We are prepared to raise our policy rate further’ Bank of Canada Governor Tiff Macklem in Vancouver, B.C. Photo by Jennifer Gauthier/Reuters/File Photo Bank of Canada governor Tiff Macklem said market participants who interpret his decision to take a break from raising interest rates as a prelude to cuts might be getting ahead of themselves.… Continue reading Bank of Canada won’t be cutting interest rates anytime soon: Tiff Macklem
Bank of Canada governor says no new rate hikes needed if economy develops as expected
‘Inflation is turning the corner. Monetary policy is working’ Author of the article: Published Feb 07, 2023 • 1 minute read 8 Comments “Inflation is turning the corner. Monetary policy is working,” Bank of Canada governor Tiff Macklem said in speech on Feb. 7. Photo by Adrian Wyld /The Canadian Press OTTAWA — Bank of… Continue reading Bank of Canada governor says no new rate hikes needed if economy develops as expected
Auto-Callable Yield Notes Are the Income Stream Nobody’s Talking About
I’m going to guess that you haven’t heard much about auto-callable yield notes (ACYNs), sometimes called barrier notes, and the role they might play in expanding your portfolio and buttressing your income plan. So what are ACYNs? Financial planners have long advised investors to keep an appropriate mix of stocks and bonds in their retirement… Continue reading Auto-Callable Yield Notes Are the Income Stream Nobody’s Talking About
Stock Market Today: Volatility Picks Up After Powell Comments
Stocks struggled for direction Tuesday as investors took in comments from Federal Reserve Chair Jerome Powell. The major benchmarks initially shrugged off early weakness to trade higher after Powell took the mic at the Economic Club of Washington D.C. And though the buying power briefly faded as the head of the central bank indicated there… Continue reading Stock Market Today: Volatility Picks Up After Powell Comments
The 9 Best Tech Stocks to Buy Now
published 7 February 2023 The best tech stocks were hard to find in 2022. Many tech companies entered the year trading at lofty valuations, only to encounter stiff macro headwinds as the year progressed. These headwinds included a Fed intent on aggressively raising interest rates to bring down stubbornly high inflation. There was also a near… Continue reading The 9 Best Tech Stocks to Buy Now
Oil and copper prices are weakening despite China’s reopening. It’s a sign a global recession is coming but liquidity issues may also be at play, economists warn
Oil and copper prices have remained weak of late despite China’s reopening from COVID-19 restrictions. It’s a signal that a global recession is on the horizon, according to one economist. But liquidity issues triggered by rising interest rates may also be weighing on commodities, another economist told Insider. Loading Something is loading. Thanks for signing… Continue reading Oil and copper prices are weakening despite China’s reopening. It’s a sign a global recession is coming but liquidity issues may also be at play, economists warn
Top Indian refiners are using the UAE’s currency instead of the US dollar to buy Russian crude, report says
Top Indian refiners are moving away from the US dollar in favor of the UAE’s dirham, sources told Bloomberg. Reliance Industries, Bharat Petroleum Corp, and Nayara Energy are shifting currencies to buy Russian crude oil. “If you are asking me officially am I in the know of these payment channels, no, I’m not,” India’s oil… Continue reading Top Indian refiners are using the UAE’s currency instead of the US dollar to buy Russian crude, report says
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