Wealth Growth Daily

Canada

Banks win dismissal of U.S. silver price-fixing litigation

BY Reuters  • May 22, 2023May 22, 2023
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc and Bank of Nova Scotia of conspiring to fix silver p[...]
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Asia Business Canada Economy Europe UK

Canadian banks see earnings risk from commercial property loans, TD in focus

BY Reuters  • May 22, 2023May 22, 2023
By Nivedita Balu TORONTO (Reuters) – Canadian banks are expected to report a rise in bad debt provisions and highlight risks from commercial property loans when they report earnings this week, w[...]
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Business Canada Economy Updated

Factbox-Excerpts from G7 leaders’ statement on economic coercion

BY Reuters  • May 20, 2023May 20, 2023
(Reuters) – Leaders of the Group of Seven (G7) agreed on Saturday to establish an initiative to counter economic “coercion”, pledging to take steps to ensure that any actors attempti[...]
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Asia Business Canada Economy Europe Top News

US dollar skids as Fed’s Powell hints at June pause, debt talks stall

BY Reuters  • May 19, 2023May 19, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance, contrary to market expectations, saying th[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Canada March retail sales down 1.4% on autos, seen up 0.2% in April

BY Reuters  • May 19, 2023May 19, 2023
May 19 (Reuters) – Canadian retail sales fell by 1.4% in March from February at C$65.29 billion ($48.83 billion), on lower sales at motor vehicles and parts dealers, as well as gasoline stations[...]
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Business Canada Economy

Canada’s antitrust regulator sues Cineplex over alleged misleading ticket prices

BY Reuters  • May 19, 2023May 19, 2023
(Reuters) -Canada’s competition regulator said on Thursday it was suing Cineplex Inc for advertising movie tickets at a lower price than what many consumers actually have to pay. “We[...]
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Business Canada Updated

U.S. Midwest grid operator flags urgent need for market reforms

BY Reuters  • May 18, 2023May 18, 2023
(Reuters) – The electric grid operator for the U.S. Midwest on Thursday drew attention to the pressing need to reform power markets in the face of a shifting generation fleet and worsening extre[...]
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Business Canada Environment US

US dollar hits seven-week high, bolstered by data, debt ceiling hopes

BY Reuters  • May 18, 2023May 18, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to seven-week peaks on Thursday as another round of solid economic data further pared back bets on easing by the Federal Reserve,[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Bank of Canada’s Macklem says inflation coming down despite April gain

BY Reuters  • May 18, 2023May 18, 2023
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem suggested April’s inflation increase – the first in 10 months – was an anomaly and said co[...]
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Business Canada Economy Updated
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