Category: Canada
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Israel Canada to buy Brown Hotels chain
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Israel Canada Real Estate (TASE: ISCN), controlled by Barak Rosen and Asi Tachmer, announced the signing of two non-binding memoranda of understanding to acquire Brown Hotels’ operations in Israel and Greece. At the same time, talks are underway to merge Israel Canada’s hotel operations into the stock market DNA Group,…
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Newsquawk Week Ahead: FOMC, BoJ, BoE, US & UK Retail Sales, UK, Canada & Japan CPI
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Sat: China Activity Data (Aug) Mon: N/A Tue: EZ/German ZEW (Sep), US Retail Sales (Aug), Canadian CPI (Aug), US Industrial Production & Manufacturing Output (Aug), Business Inventories (Jul), NAHB Housing Index (Sep) Wed: FOMC & BCB Policy Announcements; Japanese Trade Balance (Aug), UK CPI (Aug), Swedish Unemployment (Aug), South African…
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Air Canada reaches last-minute agreement with pilots union, averting strike By Reuters
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Written by Jnaneshwar Rajan Air Canada said early Sunday it had reached a tentative agreement with its pilots’ union on a new four-year collective agreement, a last-minute deal that could avert a strike or lockout in the near term. Before the tentative agreement was reached, Canada’s largest airline was preparing…
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Canada capacity utilization Q2 79.1% vs 78.6% last quarter
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Previous quarter: 78.5% revised to 78.6% details: Canadian industries operated at 79.1% of capacity in the second quarter of 2024. This represents a slight increase compared to 78.6% in the first quarter of 2024. Capacity utilization for the first quarter of 2024 was revised up by 0.1 percentage point. Mining,…
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Air Canada begins preparations for shutdown as union talks near impasse By Reuters
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Air Canada, the country’s largest airline, said Monday it was finalizing contingency plans to suspend most of its operations as talks with a pilots’ union neared an impasse. A complete shutdown of the airline’s operations could strand thousands of passengers across the country. Air Canada and its subsidiary Air Canada…
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As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
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The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…
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As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
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The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…
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Bank of Canada Cuts Rates by 25bps, Signals More Easing Ahead
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The Bank of Canada today cut its overnight interest rate target by 25 basis points to 4.25%, marking the second consecutive rate cut in the monetary tightening cycle. This outcome was widely expected, as we discussed in our event guide. The Bank of Canada indicated in its statement the following:…
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The Royal Society of Canada Announces its 2024 Cohort of Fellows and College Members
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Article Content OTTAWA, Sept. 3, 2024 (GLOBE NEWSWIRE) — The Royal Society of Canada (RSC) and its members have elected this year’s new Fellows and named the next class of RSC faculty. One hundred and four new Fellows have been elected by their peers for their outstanding scholarly achievements. This…
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The Royal Society of Canada Announces its 2024 Cohort of Fellows and College Members
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Article Content OTTAWA, Sept. 3, 2024 (GLOBE NEWSWIRE) — The Royal Society of Canada (RSC) and its members have elected this year’s new Fellows and named the next class of RSC faculty. One hundred and four new Fellows have been elected by their peers for their outstanding scholarly achievements. This…
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Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
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Monday:US & Canada Final Manufacturing PMI (Labor Day), Eastern Europe & UK Final Manufacturing PMI (August), China Caixin Final Manufacturing PMI (August) Tuesday: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug) Get married: Bank of Canada and National Bank of…
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US requests trade dispute consultations with Canada over new digital services tax By Reuters
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By David Loder WASHINGTON (Reuters) – The Biden-Harris administration said on Friday the United States has requested consultations to resolve trade disputes with Canada over a new digital services tax, adding that the “discriminatory” tax appears inconsistent with Canada’s obligations under the North American Trade Agreement. The U.S. Trade Representative’s…
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US requests trade dispute consultations with Canada over new digital services tax By Reuters
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By David Loder WASHINGTON (Reuters) – The Biden-Harris administration said on Friday the United States has requested consultations to resolve trade disputes with Canada over a new digital services tax, adding that the “discriminatory” tax appears inconsistent with Canada’s obligations under the North American Trade Agreement. The U.S. Trade Representative’s…
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Trudeau says Canada to impose 100% tariff on Chinese EVs By Reuters
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OTTAWA (Reuters) – Canada will impose a 100 percent tariff on imports of Chinese electric vehicles, Prime Minister Justin Trudeau said on Monday. Trudeau told reporters in Halifax, Nova Scotia, that Ottawa will also impose 25% tariffs on steel and aluminum imports from China. The tariffs come just over a…
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Canada to Hit China With Tariffs on Electric Vehicles, Steel
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Breadcrumbs Path Links PMN Business Canada plans to impose new tariffs on Chinese-made electric cars, aluminum and steel, in a move to back its Western allies and protect domestic manufacturers. Article author: Bloomberg News Brian Platt Published on August 26, 2024 • Read for 3 minutes You can save this…
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Canada labor board orders rail employees back to work, imposes binding arbitration
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rlesyk/iStock Editorial via Getty Images Canada’s federal judge has issued an order to employees of the country’s two main railway companies. Back to workBinding arbitration was imposed after a work stoppage that halted cargo shipments since Thursday morning. The Canadian Industrial Relations Board on Saturday approved the appointment of Labour…
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Canada rail shutdown may still delay western grain exports By Reuters
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By Karl Bloom (Reuters) – A rail shutdown in Canada may delay the loading of some bulk grain ships at ports on the country’s West Coast despite a government move to end a standstill at the country’s two largest rail operators, traders and analysts said. More than 20 large cargo…
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Expect some comments from the Bank of Canada Governor this weekend
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Canada rare earth developer Tactical Resources doubles on SPAC merger plans By Investing.com
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Vancouver-based mineral exploration and development company. Tactical Resources Shares of Plum Acquisition III Corp (TSXV:) rose Friday on news that it plans to list on the Nasdaq through a merger with a special purpose acquisition company, Plum Acquisition III Corp (NASDAQ:). Shares of Tactical Resources Corp. surged 120% on the…
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Fertilizer Canada says rail stoppage to cost industry up to C$63 million a day By Reuters
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(Corrects currency to Canadian dollars from US dollars in title and paragraph 1) Written by Merinalika Roy Canadian Fertilizers warned Tuesday that disruptions affecting all rail services across the country will cost the fertilizer industry an estimated C$55 million (US$40.34 million) to C$63 million (US$46.21 million) in lost sales revenue,…