Freight trains across Canada have come to a grinding halt and some commuter traffic is also suspended as thousands of workers at the country’s two main railway companies have been locked out despite efforts from the federal government to urge a deal to end their labour dispute. Canadian National Railway (CN) and Canadian Pacific Kansas … Read more
Here are the most important news items that investors need to start their trading day: 1. Rate rally After a selloff prompted by fears about the economy earlier this month, markets have largely been steady. The three major U.S. averages rose again Wednesday as investors anticipated an interest rate cut at the Federal Reserve’s September … Read more
Global News’ collaborative investigation into billions of dollars in federal contracts awarded to Indigenous-owned enterprises began in late 2022, when a journalist noticed that some suppliers of personal protective equipment did not disclose a connection to a First Nation, Métis or Inuit community on their websites. Vast sums of public funds are in play. As … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
The staggering number of savings needed to retire has been revealed, with the cost of retirement rising by almost 4 per cent over the past year. These pressures have resulted in further financial strain on retirees, the Association of Superannuation Funds of Australia (ASFA) said. Retirees are having to compensate with rising costs for essential … Read more
Canada’s labour minister said late Wednesday that “significant issues” remain in negotiations between the country’s two main rail companies and unions, making a nationwide rail shutdown almost certain. Labour Minister Steve MacKinnon spoke to Global News in Calgary following a meeting with representatives of the Canadian Pacific Kansas City Ltd. and the Teamsters Canada Rail … Read more
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about as expected, it would likely … Read more
People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. Joe Raedle | Getty Images There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since … Read more
Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at Wembley Stadium on August 15, 2024 in London, England. Gareth Cattermole/tas24 | Getty Images Entertainment | Getty Images LONDON — Taylor Swift’s record-breaking Eras Tour may have led to a surge in restaurant and hotel bookings in the U.K. — but it’s unlikely … Read more
