Wealth Growth Daily

Canada

Shopify to launch AI assistant for merchants

BY Reuters  • July 12, 2023July 12, 2023
(Reuters) – Canadian ecommerce firm Shopify said on Wednesday it would soon launch an artificial intelligence assistant for merchants on its platform, the latest technology company to roll out s[...]
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Business Canada Science Technology

Bank of Canada hikes growth forecast and says inflation slowing only gradually

BY Reuters  • July 12, 2023July 12, 2023
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in April, as excess demand continues feed underlying inflat[...]
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Business Canada Economy Politics

Dollar dives to two-month low, pound scales 15-month peaks on wage growth data

BY Reuters  • July 11, 2023July 11, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar declined to a two-month low against a major currency index on Tuesday after Federal Reserve officials signaled that the U.S. central b[...]
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Asia Australia Business Canada Economy Europe UK Updated US

World’s biggest gallium buyer says clients stockpiling

BY Reuters  • July 11, 2023July 11, 2023
By Ludwig Burger FRANKFURT (Reuters) – China’s planned export controls on gallium have caused frantic stockpiling of speciality semiconductor wafers made from the metal, according to the w[...]
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Asia Australia Business Canada Economy Europe Politics US

Dollarama says CFO Towner to step down

BY Reuters  • July 10, 2023July 10, 2023
(Reuters) – Canadian discount store chain Dollarama said on Monday its chief financial officer, J.P. Towner, would step down in the coming months to pursue another career opportunity. He became[...]
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Business Canada

US dollar drops to three-week low as Fed rate hikes nearly done

BY Reuters  • July 10, 2023July 10, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to a three-week low on Monday after comments by Federal Reserve officials reinforced market expectations that the U.S. central ba[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Fertilizer company OCI bets big on climate-friendly ammonia

BY Reuters  • July 10, 2023July 10, 2023
By Rod Nickel and Victoria Klesty (Reuters) – Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse[...]
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Asia Business Canada Economy Environment Europe Politics Updated US

Canada extends consultation period for RBC’s $13.5 billion bid for HSBC unit

BY Reuters  • July 10, 2023July 10, 2023
TORONTO (Reuters) – Canada’s finance ministry has extended the consultation period for Royal Bank of Canada’s $13.5 billion proposed acquisition of HSBC’s Canadian unit by 15 d[...]
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Asia Business Canada Europe UK

Next wave of North American LNG export projects to face labor challenges

BY Reuters  • July 10, 2023July 10, 2023
By Curtis Williams and Nia Williams HOUSTON (Reuters) – A coming wave of North American liquefied natural gas (LNG) export projects faces staffing challenges that are prompting some of the bigge[...]
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