Dave McKay says ‘unprecedented liquidity’ will provide powerful stimulus for recovery RBC chief executive Dave McKay, in an interview with BNN Bloomberg, said Canada is headed for a slowdown as higher interest rates designed to curb inflation slow consumer spending. Photo by Al Charest/Postmedia “Unprecedented liquidity” in the market will buoy Canada’s economy as it… Continue reading Canada has $300-billion cash buffer to soften blow of coming recession, says RBC’s CEO
Jack Mintz: A ‘just transition’ out of energy? Ask the people of Hanna about that
Ottawa’s agenda is to replace lost jobs with jobs that are sustainable jobs, but not necessarily well-paying Published Jan 26, 2023 • Last updated 1 day ago • 4 minute read 47 Comments Labour Minister Seamus O’Regan speaking during a news conference in Ottawa. Photo by Adrian Wyld/THE CANADIAN PRESS files The talk of the town… Continue reading Jack Mintz: A ‘just transition’ out of energy? Ask the people of Hanna about that
5 things to remember when the company you invested in goes bankrupt
Peter Hodson: A bankruptcy is devastating, but it would be a mistake to let it put you off investing for good Xebec Adsorption Inc. was a a once-popular $1.4-billion company in the clean-energy space that surprised many investors by filing for bankruptcy protection last September. Photo by Pierre Obendrauf/The Gazette Have you ever had one… Continue reading 5 things to remember when the company you invested in goes bankrupt
Russia and Iran plan a gold-backed stablecoin, while Brazil and Argentina seek a shared currency. Here are 5 rising threats to the dollar’s dominance of global trade.
Zahra Tayeb The dollar’s dominance of global trade and reserves is facing several new threats. Getty Images The dollar’s supremacy in global trade faces fresh challenges as several countries float plans to use local currencies in commerce. Russia and Iran are working to create a gold-backed stablecoin, while China is increasingly using the yuan in… Continue reading Russia and Iran plan a gold-backed stablecoin, while Brazil and Argentina seek a shared currency. Here are 5 rising threats to the dollar’s dominance of global trade.
Russia faces new sanctions on its energy exports – but this time China and India may not come to Putin’s rescue
The European Union’s upcoming ban on Russian oil products could spell more turmoil for the Kremlin. China and India are unlikely to buy refined Russian fuels that were once sold to the EU, which will ban them on February 5. That’s in contrast to Russian crude oil, which were snapped up by China and India… Continue reading Russia faces new sanctions on its energy exports – but this time China and India may not come to Putin’s rescue
Inflation has cooled, but investors risk being caught off guard by a ‘head fake’ that could kill the latest stock-market rally
Stocks are off to a strong start in 2023 after last year’s selloff, with cooling inflation a pillar of support. But there’s stickiness in services inflation, and that poses downside risks for equities, analysts said. Wage growth has eased but an even slower pace would suit the Fed’s inflation-fighting goal. Loading Something is loading. Thanks… Continue reading Inflation has cooled, but investors risk being caught off guard by a ‘head fake’ that could kill the latest stock-market rally
Warren Buffett shelled out $6.5 billion to help Mars buy Wrigley during the financial crisis. Here’s how he made the candy deal happen.
Warren Buffett spent $6.5 billion to help Mars acquire Wrigley during the financial crisis. The investor bought $2.1 billion of Wrigley’s preferred stock, and $4.4 billion of its bonds. The candy deal was “completed without pause while, elsewhere, panic reigned,” Buffett said. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Warren Buffett shelled out $6.5 billion to help Mars buy Wrigley during the financial crisis. Here’s how he made the candy deal happen.
US consumers may have to live with high prices for longer — and a falling dollar could be to blame
US inflation has steadily cooled since mid-2022, thanks to large interest-rate increases by the Federal Reserve. However, a four-month drop in the dollar is threatening to derail that trend by raising the cost of imported goods. The dollar index has fallen by more than 11% from a peak reached in late September. Loading Something is… Continue reading US consumers may have to live with high prices for longer — and a falling dollar could be to blame
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