Kevin Carmichael: Few expected a promise from the central bank to stop hiking if the economy unfolds as it forecasts Bank of Canada governor Tiff Macklem raised the benchmark rate a quarter-point on Jan. 25. Photo by REUTERS/Blair Gable The most aggressive series of interest rate increases in Canada’s history might be over. Advertisement 2… Continue reading Bank of Canada hikes interest rate 25 basis points to 4.5%
Bank of Canada raises interest rates: Read the official statement
Raises key interest rate 25 basis points to 4.5% The Bank of Canada building in Ottawa. Photo by David Kawai/Bloomberg The Bank of Canada raised interest rates by 25 basis points, bringing its key policy rate to 4.5 per cent. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Here’s the… Continue reading Bank of Canada raises interest rates: Read the official statement
Food price hikes coming in February as cost blackout ends, Metro CEO says
Another round of price hikes will start hitting grocery stores in the coming weeks A Metro Inc. grocery store located at the Pie-IX shopping centre in Montreal. Photo by Pierre Obendrauf/MONTREAL GAZETTE Another round of price hikes will start hitting grocery stores in the coming weeks, mostly due to the end of a little-known holiday… Continue reading Food price hikes coming in February as cost blackout ends, Metro CEO says
How to pick the best robo advisor for you
Though the investment markets continue to be scary, there’s some good news for anybody who is ready to put some money to work. Thanks to fierce competition among robo advisor firms, even beginning and small investors can now get top-notch portfolio advice and management at vanishingly low prices — in some cases, for free. Robo… Continue reading How to pick the best robo advisor for you
Stock Market Today: Microsoft Earnings Weigh on Stocks
Stocks opened sharply lower Wednesday as investors parsed an onslaught of corporate earnings updates. Quarterly results from Microsoft (MSFT (opens in new tab), -0.6%) drew the most attention, as it is the first of the big tech giants on the earnings calendar. Late Tuesday, the software maker reported top- and bottom-line beats for the final… Continue reading Stock Market Today: Microsoft Earnings Weigh on Stocks
The S&P 500 Dividend Aristocrats Are Getting 3 New Members
Long-term dividend-growth investors got some good news this week: The list of 64 Best Dividend Stocks You Can Count On in 2023 (opens in new tab) and beyond is expanding to 67 equities next month. Standard & Poor’s annual rebalancing of the S&P 500 Dividend Aristocrats – an index of S&P 500 companies that have… Continue reading The S&P 500 Dividend Aristocrats Are Getting 3 New Members
Adani Group says it’s exploring ‘remedial and punitive’ legal action against a short-seller who accused it of market manipulation and fraud
Short-seller Hindenburg levelled allegations of market manipulation and accounting fraud at Adani Group. Adani Group called the report “maliciously mischievous” and “unresearched.” It’s now looking at potential legal action against Hindenburg Research. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. The Adani… Continue reading Adani Group says it’s exploring ‘remedial and punitive’ legal action against a short-seller who accused it of market manipulation and fraud
Gautam Adani — the world’s richest Asian — saw his net worth crash by more than $5 billion in a day after a short-seller targeted his business empire
Indian billionaire Gautam Adani’s fortune crashed $5.5 billion on Wednesday to $113 billion. This was after a short-seller alleged Adani’s conglomerate was involved in fraud and market manipulation. Adani is still the world’s wealthiest Asian and fourth-richest person. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Gautam Adani — the world’s richest Asian — saw his net worth crash by more than $5 billion in a day after a short-seller targeted his business empire
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