Breadcrumb Trail Links PMN Business Canada’s largest banks all are poised to pay their employees more in variable compensation for 2024, with stock-market favorites Royal Bank of Canada, Canadian Imperial Bank of Commerce and National Bank of Canada increasing bonus pay the most. Author of the article: Bloomberg News Christine Dobby Published Dec 05, 2024 […]
Article content (Bloomberg) — Prime Minister Justin Trudeau’s government will step up border enforcement in a “visible and muscular way,” according to a top Canadian official, as the nation tries to avoid tariffs from Donald Trump’s new administration. Article content At a dinner meeting at Trump’s Mar-a-Lago resort on Friday, “we got a mutual understanding […]
Article content (Bloomberg) — Electric bus manufacturer Lion Electric Co. is temporarily laying off about 400 workers and halting operations at its Illinois factory to save cash after receiving a short-term lifeline from its lenders. Article content The Saint-Jerome, Quebec-based company made the announcement after a Saturday deadline to meet its obligations to key creditors […]
Article content (Bloomberg) — Walt Disney Co.’s new Moana 2 brought in ticket sales of $221 million in the US and Canada over its five-day Thanksgiving weekend, shattering the record held by the company’s Frozen 2 since 2019. Article content The performance of Moana 2, an animated sequel to the 2016 original about a Pacific […]
Breadcrumb Trail Links PMN Business Some of the biggest companies in France now have lower borrowing costs than the sovereign as credit traders fret about fiscal plans that risk toppling the government. Author of the article: Bloomberg News Tasos Vossos Published Nov 30, 2024 • 4 minute read hrgvidm5u9}zp2d(og9t]]57_media_dl_1.png Bloomberg Article content (Bloomberg) — Some […]
Article content (Bloomberg) — Donald Trump said Canadian Prime Minister Justin Trudeau committed to working to address the border and fentanyl smuggling, key issues that have led the incoming US president to threaten massive tariffs. Article content Trump, in a Truth Social post on Saturday, called their dinner Friday night at his Mar-a-Lago residence in […]
Article content (Bloomberg) — Mexico is planning to carry out a “cleaning” operation across the country to combat the flow of illegal merchandise entering the country mainly from China, according to the Economy Ministry. Article content The ministry will lead searches across all 32 Mexican states, including ports and airports, Economy Minister Marcelo Ebrard said […]
Breadcrumb Trail Links PMN Business Canadian satellite operator Telesat Corp. is preparing to kick off talks with lenders over at least $1.7 billion in debt that currently trades at distressed levels, its chief executive officer said. Author of the article: Bloomberg News Thomas Seal and Curtis Heinzl Published Nov 28, 2024 • 3 minute read […]
Breadcrumb Trail Links PMN Business Direct Line Insurance Group Plc rejected a £3.3 billion ($4.2 billion) takeover bid from Aviva Plc, rebuffing the second suitor this year. Author of the article: Bloomberg News Eyk Henning, Dinesh Nair and Jan-Henrik Förster Published Nov 27, 2024 • 2 minute read The Direct Line logo displayed on a […]
Article content (Bloomberg) — Auto insurance is poised to become even more expensive under President-elect Donald Trump’s plan to impose new tariffs on top US trading partners. Article content About 60% of replacement parts used to repair cars in the US are imported, mainly from Mexico, China and Canada, said Bob Passmore, a vice president […]