By Staff The Canadian Press Posted January 21, 2024 3:48 pm Updated January 21, 2024 4:15 pm Descrease article font size Increase article font size Officials say Prime Minister Justin Trudeau will be putting a big emphasis on policies that help Canada’s middle class as he prepares to chair a cabinet retreat in Montreal over … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2024. Brendan Mcdermid | Reuters Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts, an issue that cuts at the heart of where the economy and … Read more
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Tuesday, Oct. 24, 2023. Spirit Airlines Inc. is scheduled to release earnings figures on October 26. Photographer: Eva Marie Uzcategui/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images A federal judge’s order blocking a $3.8 billion-dollar deal that would … Read more
Former Bank of Canada governor Mark Carney issued a warning at the World Economic Forum that global supply shocks are becoming more persistent, forcing central bankers to adapt to tame inflation. Carney, who also previously led the Bank of England, spoke on a panel in Davos, Switzerland at the WEF summit Thursday about how central … Read more
Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters WASHINGTON — A $78 billion tax package with major benefits for companies took a significant step towards becoming law on Friday, when a key House panel overwhelmingly … Read more
A customer shops for eggs in a Kroger grocery store in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Egg prices are on the rise again, after having fallen from record highs in 2023. Average egg prices jumped 8.9% from November to December, following a 2.2% rise the prior month, according to … Read more
Toronto mom Denise Kara says it “feels a bit deflating” returning to work after being on maternity leave for one year. Before she went on leave, Kara said her career, working as a communications advisor at a Canadian bank was picking up with promotion opportunities on the horizon. Being away from the workforce, the 32-year-old … Read more
Consumers say they feel more optimistic and think inflation will be lower ahead, continuing a trend of upbeat economic news for a White House that’s politically vulnerable on the economy. The University of Michigan’s monthly consumer sentiment index rose to 78.8 in the preliminary reading for January, which was issued Friday. That’s the highest level … Read more
Stephen Squeri, chairman and chief executive officer of American Express Co., speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 10, 2022. Stephanie Keith | Bloomberg | Getty Images American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2024. Brendan Mcdermid | Reuters The stock market keeps scaling new height as investors focus on the good and ignore the bad, no matter how bad the bad parts might look sometimes. Prospects for a slowing … Read more
