Article content (Bloomberg) — Canada is deploying what it calls an “aerial intelligence task force” as part of a new C$1.3 billion ($908 million) plan to address US President-elect Donald Trump’s concerns about migrants and fentanyl flowing across the northern border. Article content The Royal Canadian Mounted Police will operate the task force, made up […]
Breadcrumb Trail Links PMN Business The risk of blackouts will increase for most of North America over the coming decade due to surging electricity demand and the closing of fossil-fuel power plants, according to a report by a grid reliability regulator. Author of the article: Bloomberg News Mark Chediak and Naureen S. Malik Published Dec […]
Article content (Bloomberg) — After years of lagging returns and more recent concerns over US office loans, Canadian Imperial Bank of Commerce has turned a corner with investors. Chief Executive Officer Victor Dodig says he won’t put that at risk with acquisitions that reduce shareholder value. Article content “The investor sentiment fundamentally says that CIBC […]
Breadcrumb Trail Links PMN Business A year when inflation subsided enough for monetary policy easing to start in most advanced economies is about to conclude with a 24-hour flurry of decisions led by the Federal Reserve. Author of the article: Bloomberg News Craig Stirling Published Dec 14, 2024 • 7 minute read v2)ck0es6[hmil8cu}04w8j1_media_dl_1.png Central banks, […]
Article content (Bloomberg) — Shares of data center operator DigiCo Infrastructure REIT are set to start trading in Sydney on Friday after a A$2 billion ($1.3 billion) initial public offering that was Australia’s biggest in more than six years. Article content The deal — Australia’s largest since oil refiner Viva Energy Group Ltd.’s listing in […]
Article content (Bloomberg) — Canadian Western Bank said it delayed the release of its fiscal fourth-quarter earnings Friday because it received a legal claim against a bank division that needed investigation. Article content The case won’t affect its sale to National Bank of Canada, it said. The claim involving CWB Maxium Financial Ltd. contains “allegations […]
Breadcrumb Trail Links PMN Business President-elect Donald Trump said he has no plans to replace Federal Reserve Chair Jerome Powell once he returns to the White House, saying “I don’t see it.” Author of the article: Bloomberg News Jenny Leonard and Michelle Jamrisko Published Dec 08, 2024 • 4 minute read US President-elect Donald Trump […]
Breadcrumb Trail Links PMN Business Losses in the Chinese yuan and the euro have picked up in recent months, and that is worsening the outlook for emerging-market currencies in Asia and Europe. Author of the article: Bloomberg News Marcus Wong and Malavika Kaur Makol Published Dec 08, 2024 • 3 minute read vua(y5seymtevlqkefertf}f_media_dl_1.png Bloomberg Article […]
Breadcrumb Trail Links PMN Business Debt markets have been in risk-on mode for weeks now, fired up by Federal Reserve rate cuts and the election of Donald Trump to the US presidency. Risk premiums on junk bonds have plunged more than 1 percentage point since early August, and companies launched the sales of around $105 […]
Breadcrumb Trail Links PMN Business Donald Trump has jumped straight into action as the defender of dollar power, training some heavy fire on an enemy that barely even exists. Author of the article: Bloomberg News Saleha Mohsin Published Dec 07, 2024 • 6 minute read bfpxjlmlvyyy4c]dk8on}luh_media_dl_1.png International Monetary Fund, Blo Article content (Bloomberg) — Donald […]