OTTAWA (Reuters) – The Canadian economy added jobs in November and the unemployment rate beat forecasts as fewer people looked for work, official data showed on Friday, evidence that jobs market[...]
Read more
Canada
Germany’s Scholz welcomes Biden’s openness to tweaking U.S. inflation act
BERLIN (Reuters) – German Chancellor Olaf Scholz welcomed comments by U.S. President Joe Biden that he is open to tweaking the Inflation Reduction Act that has raised fears in Europe of losing i[...]
Read more
Huawei CFO’s U.S. bank fraud charges to be dismissed
By Karen Freifeld (Reuters) – U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China’s Huawei Technol[...]
Read more
TSX rises to near 6-month high as tech sector rallies
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index rose on Thursday to its highest closing level in nearly six months as technology and gold mining shares climbed and despite mi[...]
Read more
Fisker rejects short-seller’s allegations; says no bank guarantee with partner Magna
(Reuters) – Electric-vehicle maker Fisker Inc said on Thursday that it does not have a bank guarantee with manufacturing partner Magna Steyr, the Austrian unit of Magna International Inc, in res[...]
Read more
C$ dips against greenback; falls harder vs other G10 currencies
By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Thursday as investors reduced bets on another oversized interest rate hike by the Bank of Canada[...]
Read more
VW eyes Canada in search for first North America cell plant – source
BERLIN (Reuters) – Volkswagen and its battery subsidiary PowerCo SE have begun searching for a site for the carmaker’s first battery cell factory in North America, a company source told Re[...]
Read more
Canada’s RBC, National Bank step up bad debt provisions, denting shares
By Niket Nishant and Divya Rajagopal (Reuters) -Royal Bank of Canada (RBC) and National Bank of Canada set aside more funds to deal with bad loans on Wednesday, denting fourth quarter earnings. Invest[...]
Read more
National Bank of Canada quarterly profit falls on higher expenses, provisions
(Reuters) – National Bank of Canada posted a lower fourth-quarter profit on Wednesday, as the Canadian lender set aside higher provisions in the face of an economic downturn. The company recorde[...]
Read more