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 […]
Article content (Bloomberg) — Canadian home sales rose for the second month, with buyers rushing back into the market as speculation builds that prices will rise if the Bank of Canada lowers interest rates later this year. The number of homes that traded hands rose 3.7% in January from the month before, according to data […]
Article content (Bloomberg) — BASF SE is accelerating a planned divestment from two joint ventures in China’s Xinjiang region following reports of alleged human rights violations. The German chemicals company didn’t say when the sale of its stakes in the two companies — Korla-based Markor Chemical Manufacturing Co. and Markor Meiou Chemical Co. — would […]
Article content (Bloomberg) — The deadly fires across Chile that killed at least 130 people and sent air quality levels into dangerous territory are just another example of how weather and climate can raise risks around the world, said Glory Dolphin Hammes, chief executive of Swiss-based IQAir’s North American division.Firefighters in the region have most […]
Breadcrumb Trail Links PMN Business The head of the United Nations vowed decisive action against any staff in Gaza found to have taken part in October’s attack on Israel and urged nations not to withhold funding for the “desperate populations” receiving aid as the war continues. Author of the article: Bloomberg News Augusta Saraiva and […]
Article content (Bloomberg) — The United Nations fired several staffers at its Palestinian refugee agency over Israeli allegations that they took part in the Oct. 7 attack by Hamas, news that prompted the US and other countries to suspend funding. UN Secretary-General Antonio Guterres “is horrified by the news” that workers with the UN Relief […]
Breadcrumb Trail Links PMN Business The European Central Bank kept interest rates on hold for a third straight meeting and stuck with wording that suggests cuts may still be some way off. Author of the article: Bloomberg News Vince Golle and Molly Smith Published Jan 27, 2024 • 3 minute read Join the conversation 2rs8{0lglxh98]q}(1g[r62k_media_dl_1.png […]