TORONTO (Reuters) -Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank left its key i[...]
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Canada
Bank of Canada says rates may have to remain restrictive for longer
OTTAWA, April 12 (Reuters) – Interest rates in Canada may have to stay restrictive for longer to ensure inflation declines to the Bank of Canada’s 2% target, Governor Tiff Macklem said on[...]
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Bank of Canada sees stronger 2023 growth, indicates recession risk has shrunk
OTTAWA (Reuters) – The Bank of Canada on Wednesday increased its 2023 growth forecast to 1.4%, up from the 1.0% it predicted in January, and indicated it saw less risk of a recession this year.[...]
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Glencore offers cash to Teck shareholders in play for deal support
By Clara Denina and Muhammed Husain LONDON (Reuters) – Glencore Plc on Tuesday modified its $22.5 billion all-share takeover bid for Teck Resources Ltd’s to include up to $8.2 billion in c[...]
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General Motors moves deeper into mining with EnergyX lithium investment
By Ernest Scheyder (Reuters) -General Motors Co on Tuesday said it will invest in lithium technology startup EnergyX as it expands further into the mining industry, the latest deal by the car maker to[...]
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Air Canada CFO Kazzaz to retire, ex-Bombardier exec Di Bert to take over
(Reuters) – Air Canada said on Tuesday that Chief Financial Officer Amos Kazzaz would retire at the end of June and be replaced by former Bombardier Inc executive John Di Bert. Kazzaz, who has b[...]
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Dollar dips ahead of inflation data due Wednesday
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday as investors waited on inflation data for further signs of whether price pressures are ebbing and what it means for further Fede[...]
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Bitcoin breaks above $30,000 as investors eye end of rate rises
By Rae Wee, Medha Singh and Hannah Lang (Reuters) – Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investor[...]
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Ford will retool Ontario factory to build EVs starting next year
By Joseph White DETROIT (Reuters) – Ford Motor Co said Tuesday that next year it will start retooling its sport utility vehicle assembly plant in Oakville, Ontario to produce electric vehicles,[...]
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