CashNews.co Breadcrumb Trail Links PMN PMN Business PMN Retail & Marketing Author of the article: The Canadian Press Rosa Saba Published Nov 22, 2024 • Last updated 2 hours ago • 3 minute read You can save this article by registering for free here. Or sign-in if you have an account. People shop at a Walmart […]
COP29 presidency slammed as ‘deplorable’ in the homestretch of finance negotiations #CanadaFinance
CashNews.co As the annual climate change negotiations enter their final days with countries still deeply divided over key issues, Environment and Climate Change Minister Steven Guilbeault blamed host country Azerbaijan for the disappointing options on the table. “The lack of ambition from the presidency so far is deplorable,” Guilbeault told Canada’s National Observer Thursday evening. […]
Canada Post reports $315 million loss in third quarter as strike continues #CanadaFinance
CashNews.co A warming fire burns in a barrel in front of a Canada Post warehouse in facility in Mississauga, Ont. A nationwide strike by postal workers is set to enter its second week. (Credit: Peter J. Thompson) Canada Post reported a before tax loss of $315 million for the third quarter of 2024, widening its […]
Trudeau Reopens Spending Playbook, Shaking Up Bets for Rates, Growth #CanadaFinance
CashNews.co (Bloomberg) — Canadian Prime Minister Justin Trudeau signaled a return to his free-spending playbook as inflation wanes and an election looms, accelerating a bond selloff due to expectations of faster growth and a deeper deficit. Most Read from Bloomberg On Thursday, Trudeau announced a C$6.3 billion ($4.5 billion) tax break and rebate package. It […]
Uncertainty hangs over COP29 as tense climate finance negotiations down to the wire #CanadaFinance
CashNews.co Canada’s environment and climate change minister was critical of Azerbaijani leadership at the United Nations climate summit as tense negotiations on a new finance deal came down to the wire. Canada’s environment and climate change minister was critical of Azerbaijani leadership at the United Nations climate summit as tense negotiations on a new finance […]
Canada’s TD Bank names insider as global chief auditor amid regulatory glare #CanadaFinance
CashNews.co (Reuters) – Canada’s TD Bank said on Friday it had appointed insider Michelle Myers as its global chief auditor, effective Dec. 9. The lender in October was slapped with a $3 billion fine and the rare imposition of an asset cap by U.S. regulators for violating a law aimed at preventing money laundering. Myers, […]
Canada’s September retail sales add to signs of rebound in consumer spending #CanadaFinance
CashNews.co By Promit Mukherjee OTTAWA (Reuters) -Canada’s retail sales grew 0.4% in September as consumers spent more at grocery stores and supermarkets, data showed on Friday, and ensured the first quarterly increase in sales this year. The month on month increase in September was the same pace of growth as in August but is likely […]
Hidden Bank of Canada clues point to another big cut: CIBC economists #CanadaFinance
CashNews.co Although Bank of Canada governor Tiff Macklem has described upside and downside inflation risks as “reasonably balanced,” CIBC economists argue that the language used in BoC minutes says otherwise. (Photo by DAVE CHAN/AFP via Getty Images) · DAVE CHAN via Getty Images Various signs point to the Bank of Canada (BoC) cutting interest rates […]
Canada Post reports $315M Q3 loss before tax compared with $290M loss a year earlier #CanadaFinance
CashNews.co OTTAWA — Canada Post says it lost $315 million before tax in the third quarter compared with a loss before tax of $290 million a year earlier. The corporation says revenue growth in its direct marketing did not make up for a drop in its parcels results. The financial results come as Canada Post […]
Canada container ports face backlogs, delays #CanadaFinance
CashNews.co Trucks wait at the Port of Montreal’s Racine terminal. (Screenshot from Port of Montreal webcam.) Container operations have resumed following labor-related disruptions at Canada’s busiest ports, which continue to work through backlogs toward normal operations. The Canada Industrial Relations Board on Nov. 14 granted a request by Labor Minister Steven MacKinnon and ordered an […]