Breadcrumb Trail Links PMN Business Some World Trade Organization members are considering calling on governments to curb trade-distorting policies for the green transition, as concerns grow that some unilateral measures and a subsidy race by the world’s leading economies is stirring protectionism. Author of the article: Bloomberg News Jorge Valero, Eric Martin and Shruti Srivastava […]
Breadcrumb Trail Links PMN Business Analysts who expect the Bank of Canada’s first interest rate cut in April are rare – but they believe economic data may soon prove there’s enough disinflationary pressure to spur policymakers into action. Author of the article: Bloomberg News Randy Thanthong-Knight Published Feb 28, 2024 • 3 minute read Join […]
Article content (Bloomberg) — Canada’s relatively cheap heavy crude is set to spike temporarily in the coming months as a massive new export pipeline starts operations just as oil-sands companies curtail production. Western Canadian Select’s discount to US benchmark West Texas Intermediate may shrink from its current level of about $17.10 per barrel to […]
Article content (Bloomberg) — Real estate services firm Avison Young (Canada) Inc. says it’s close to finishing a restructuring to clean up its balance sheet after it defaulted on a senior term loan, causing a ratings downgrade. “We have been focused on finalizing a transaction with our financial partners which will significantly strengthen Avison Young […]
Article content (Bloomberg) — Canada will provide Ukraine C$3 billion ($2.2 billion) in aid this year to prop up the war-ravaged economy and boost its military as Kyiv looks for ways to hedge against a potential shortfall in US assistance. The Canadian funding will help Ukraine’s government meet its balance of payments and budgetary needs, […]
Article content (Bloomberg) — German lawmakers approved a controversial bill legalizing personal use of cannabis, paving the way for controlled consumption of the drug from April 1. The legislation introduced by Chancellor Olaf Scholz’s government — a first step toward a planned broader legalization — was supposed to take effect at the start of the […]
Article content (Bloomberg) — Canadian consumers sharply pulled back their spending in January after stronger-than-expected retail purchases at the end of last year. Receipts for retailers fell 0.4%, the biggest decline since March 2023, according to an advance estimate from Statistics Canada released Thursday. That followed a 0.9% jump in December, which beat the median […]
Article content (Bloomberg) — Canada’s population aging slowed for a second straight year as a result of strong immigration, including a recent boom in foreign students and temporary workers. The median age — which divides the population into two groups of equal size and is a key measure for a country’s age distribution — fell […]
Article content (Bloomberg) — Canadians bought up a record amount of foreign securities at the end of last year as investors piled into US stocks. Investment in securities outside the country hit C$29.4 billion ($21.8 billion) in December, according to data released Friday by Statistics Canada. That’s the largest net outflow of purchases into foreign […]
Article content (Bloomberg) — Canadians are skeptical of Prime Minister Justin Trudeau’s ability to negotiate with Donald Trump if the former US president returns to power, a new poll found. Only 28% named Trudeau as the political leader who would do the best job of dealing with Trump, even though the Canadian prime minister has […]