Category: Business News
Analyst says CIBC also faces scrutiny with the lowest CET1 ratio of the six banks
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Published June 20, 2023 • Last updated June 21, 2023 • 2
Up to date retail sales numbers from Statistics Canada on Wednesday show that despite high prices and dire warnings about debt loads, Canadians remain in the mood to shop.
The data agency reported Wednesday that retailers took in $65.9 billion
Automotive engineering, in its grand complexity, hides myriad smaller components whose functions are integral to the overall system. Often overlooked, these components are essential cogs in a well-oiled machine. One such underappreciated yet crucial player is the rubber washer.…
Read MoreAt first glance, the response of “sold over asking” real estate signs may seem like an encouraging signal for the Canadian economy, especially for highly invested homeowners who have watched prices fall from last year’s highs.
But a growing number
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The Bank of Canada will raise borrowing costs by another 25 basis points in coming months before capping its tightening cycle, economists said.
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Canada’s central bank will increase its key overnight rate to five per cent
OTTAWA –
Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly.
Statistics Canada is set to release its consumer price index
TORONTO –
BCE Inc.’s media arm is asking the federal telecommunications regulator to waive local news and Canadian programming requirements for its television stations, saying its obligations are based on outdated market realities.
In an application to the CRTC filed
The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the US and Canada.
Illinois-based Instant Brands said Monday that it has “initiated a voluntary court-supervised Chapter 11 process,” due to an
LONDON –
Brewers in the United Kingdom are cutting the alcohol content — but not the price — of several of their most popular beers in what’s been described as another example of “shrinkflation.”
Greene King, a major UK brewer
When Samuel Bonne received $15,000 in student grants to fund his studies, he wasn’t expecting to have to pay it back. But just two years later — in the middle of the pandemic — those grants were converted to loans.
