How to fund accessible home renovations in Canada + MORE Jul 5th
Couche-Tard walks away from 7-Eleven bid, citing lack of good faith Jul 17th
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RBC beats profit expectations, raises dividend and plans to buy back shares - The Globe and Mail May 28th
Stock news: Dividend hikes, earnings results, and what moved Canadian stocks this week + MORE Feb 6th
Markets response to U.S. Federal Reserve
– moneysense.ca
U.S. stocks are rising Friday after the head of the U.S. Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy.
The S&P 500 was 0.8% higher after U.S. Fed Chair Jerome Powell said in a highly anticipated speech that the time has come to lower its main interest rate from a two-decade high. The index is back within 0.9% of its all-time high set last month. The Dow Jones Industrial Average was up 322 points, or 0.8%, as of 1:29 p.m. Eastern time, and the Nasdaq composite was 1.1% higher.
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Making sense of the markets this week: August 25, 2024
– moneysense.ca
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Canada’s economy off the rails
Many Canadians feel that “Canada is broken,” according to an Ipsos poll. And news this week seemed to support that sentiment, as Canada’s two major railways, Canadian National Railway (CNR) and Canadian Pacific Kansas City (CPKC), locked out employees on Thursday.
After deciding that they were fine with letting less than 10,000 railway employees hold the entire economy hostage this week, it took the Trudeau government about 17 hours to order everyone back to work.
Source: CBC News
The strike news was still developing as we went to press. Labour Minister Steve Mackinnon ordered the Canada Industrial Relations Board (CIRB) to find a solution under Section 107 of the Canada Labour Code. Mackinnon directed the board to impose binding arbitration, and that current collective agreements should be extended…
