By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity slowed in May as high inflation and inventory cutting held back customer demand, but in a silver lining the reduction in activ[...]
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Canada
Canada’s slowing home building is bad news for buyers and Trudeau
By Fergal Smith and Steve Scherer TORONTO (Reuters) – Canada’s residential construction activity has slowed in recent months due to a tight labor market and higher borrowing costs, a facto[...]
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Online pet goods retailer Chewy surges on sales forecast lift, Canada foray plans
(Reuters) – Shares of Chewy Inc rose nearly 20% in premarket trading on Thursday after the online pet supplies retailer raised its annual revenue forecast and said it would enter the Canadian ma[...]
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Chinese tech entrepreneurs keen to ‘de-China’ as tensions with US soar
By David Kirton SHENZHEN, China (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to havin[...]
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Dollar backs off highs after Fed officials suggest skipping June rate hike
(Updates prices throughout story, adds analyst comment in paragraphs 7 and 8, recasts lede and paragraphs 2, 3 and 4 to reflect comments from Fed governor) By Hannah Lang WASHINGTON (Reuters) –[...]
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National Bank of Canada misses profit estimates as bad loans provisions rise
(Reuters) – National Bank of Canada missed analysts’ earnings estimates on Wednesday, hurt by higher costs and money set aside for bad loans amid a meltdown in the U.S. banking sector and[...]
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Canada’s Q1 growth outperforms, increases odds for rate hike
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s economy expanded faster than expected in the first quarter and likely accelerated further in April, data showed on Wednesday, increa[...]
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Delta Air Lines faces proposed U.S. class action over carbon neutral claims
By Allison Lampert and Clark Mindock (Reuters) – Delta Air Lines is facing a proposed class action lawsuit over advertising touting the U.S. carrier as carbon-neutral, according to a complaint f[...]
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Yen stronger post-emergency meeting, dollar stays lower
By Hannah Lang WASHINGTON (Reuters) – Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese o[...]
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