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S&P/TSX breaks seven-day winning streak to end volatile month slightly lower
TORONTO — Canada's main stock index snapped a seven-day winning streak to close a volatile month slightly lower a day before an expected Bank of Canada interest rate hike.
May 31, 2022 2:53 PM
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Stocks slip on Wall Street as messy May comes to a close
NEW YORK (AP) — Stocks ended lower after another wobbly day on Wall Street Tuesday, closing out a rocky month. The S&P 500 fell 0.6%, having recouped about half of its loss from earlier.
May 31, 2022 2:12 PM
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Bank of Canada on track for rate hike after GDP growth slows: Economists
OTTAWA — Economists say the Bank of Canada is still on track for another oversized rate hike on Wednesday after the latest Statistics Canada data showed the pace of economic growth slowed in the first quarter.
May 31, 2022 1:03 PM
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Gold Fields signs deal to buy Canadian miner Yamana Gold worth US$6.7B
TORONTO — Gold Fields Ltd. has signed a deal to buy Yamana Gold Inc. in an deal valued at US$6.7 billion. The companies say the deal will bring together two complementary gold portfolios. Under the agreement, Yamana shareholders will receive 0.
May 31, 2022 12:16 PM
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Experts say dividend-paying stocks are not for everyone
Bob Lai, a 39-year-old product manager and blogger in Vancouver, has an investment portfolio comprised of 51 dividend stocks and one ETF. Lai started investing in his early 20s when ETFs weren’t widely available or popular.
May 31, 2022 10:42 AM
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Cenovus Energy to restart work on stalled offshore oil project in Newfoundland
ST. JOHN'S, N.L. — Cenovus Energy will restart work on the West White Rose offshore oil project in Newfoundland, ending nearly two years of uncertainty in the local energy sector, the company announced Tuesday.
May 31, 2022 10:13 AM
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US consumer confidence slips in May
SILVER SPRING, Md. (AP) — U.S. consumer confidence edged lower for the second consecutive month as Americans' view of their present and future prospects dimmed in the midst of persistent inflation.
May 31, 2022 8:16 AM
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Alberta pot regulator sees complaints about sales data in exchange for product deals
Alberta’s cannabis regulator sent a warning to pot retailers and suppliers after receiving complaints about agreements requiring marijuana producers to purchase sales data in exchange for shops carrying their products.
May 31, 2022 7:46 AM
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Eurozone inflation hits record 8.1% amid rising energy costs
LONDON (AP) — Eurozone inflation hit a record 8.1% in May amid surging energy and food costs fueled in part by Russia's war in Ukraine . Annual inflation in the 19 countries that use the euro currency soared past the previous record of 7.
May 31, 2022 7:14 AM
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Rogers and Shaw sign consent agreement
GATINEAU, Que. — Rogers Communications Inc. and Shaw Communications Inc. say they will oppose a hearing by the Competition Tribunal but have agreed not to close their $26-billion merger until objections by the Competition Bureau are resolved.
May 30, 2022 7:15 PM
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