Wealth Growth Daily

Canada

Exclusive – Canadian pensions manager invests $400 million in Swedish battery maker Northvolt

BY Reuters  • June 20, 2023June 20, 2023
(Refiles to make clear in headline IMCO is a pensions manager) By Tommy Wilkes, Simon Jessop and Supantha Mukherjee LONDON (Reuters) – Canada’s Investment Management Corporation of Ontario[...]
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Business Canada Economy Europe Updated

Canada investing C$350 million to boost drive for sustainable aerospace industry

BY Reuters  • June 19, 2023June 19, 2023
OTTAWA (Reuters) – Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Ch[...]
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Business Canada Environment Politics

Costs at American Lithium’s Peru project up to $700 million, CEO says

BY Reuters  • June 19, 2023June 19, 2023
By Kylie Madry (Reuters) – Costs of the first phase of construction at American Lithium’s Falchani lithium mine in Peru likely have risen some 20% from an original estimate to $700 million[...]
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Business Canada Latin America

Dollar nudges up, sterling near 14-month highs ahead of BoE decision

BY Reuters  • June 19, 2023June 19, 2023
By Iain Withers LONDON (Reuters) -The dollar edged higher and the UK pound was near a 14-month peak on Monday as investors digested a slew of monetary policy decisions by central banks last week and l[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Analysis-Behind aviation recovery, suppliers struggle to keep up

BY Reuters  • June 19, 2023June 19, 2023
By Allison Lampert, Tim Hepher and Valerie Insinna PARIS (Reuters) – For dealmakers, this week’s Paris Air Show will showcase the boom in demand for commercial planes and military technology. Wh[...]
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Business Canada Economy Europe US

WestJet to shut down Sunwing Airlines

BY Reuters  • June 17, 2023June 17, 2023
(Reuters) – WestJet group is planning to wind down low-cost carrier Sunwing Airlines and integrate it into its main business, according to a memo seen by Reuters. The move is part of the integra[...]
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Business Canada

Yen drops to new 15-year low vs euro after BOJ rate decision

BY Reuters  • June 16, 2023June 16, 2023
By Joice Alves and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The yen plunged to a fresh 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept ultra-low interest ra[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Central banks, waiting for relief on inflation, lean towards higher rates

BY Reuters  • June 16, 2023June 16, 2023
By Howard Schneider, Balazs Koranyi and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Two years into confronting rising inflation, the world’s top central banks are still waiting for a deci[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Westpac raises Australia cash rate peak forecast to 4.6%

BY Reuters  • June 16, 2023June 16, 2023
SYDNEY (Reuters) – Westpac on Friday lifted its forecast for Australia’s cash rate peak to 4.6%, tipping quarter-point hikes in July and August, joining other major banks that are expectin[...]
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Asia Australia Business Canada Economy
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