Business

Alicja Siekierska Fri, February 18, 2022 Air Canada’s (AC.TO) chief executive officer says the recovery from the COVID-19 pandemic remains “strong and well underway,” as more people book travel for 2022 and despite the impact of the Omicron variant. CEO Michael Rousseau told analysts on a conference call Friday morning that while the Omicron variant …

Air Canada earnings: Recovery ‘strong and well underway’ despite Omicron Read More »

Shopify Inc.’s stock plummeted to the lowest level in nearly two years Wednesday after the e-commerce giant warned that its revenue growth will slow this year as the globe eases up on restrictions meant to quell the COVID-19 pandemic. The Ottawa-based company’s stock fell to a low of $914 as it announced it expects revenue growth for …

Shopify stock sinks on revenue warning amid easing COVID restrictions Read More »

Anna Golubova Monday February 14, 2022 With risk asset returns already under a lot of uncertainty, Morgan Stanley is warning that a potential war in Ukraine could tip some economies into a recession and present a ‘polar vortex’ risk to stocks. A potential Russian military action in Ukraine “materially increases the odds of a polar …

Potential Russian invasion of Ukraine could tip economies into an ‘outright recession’ – Morgan Stanley Read More »

Neils Christensen Thursday February 10, 2022 The gold market continues to see some technical selling pressure and is finding little bullish traction following hotter than expected inflation data. Thursday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0.6% in January, after a 0.5 rise in December. The data beat consensus forecasts as economists were …

Gold price remains down as annual U.S. CPI rises 7.5% in January; another 40-year high Read More »

Jennifer Ryan and Thyagaraju Adinarayan Mon., February 7, 2022 Peloton Interactive Inc. soared 31% on Monday after reports that it’s exploring takeover options, a move that could test investors who are holding short positions. The New York-based fitness and lifestlye company is working with an adviser after an earlier plunge in Peloton’s shares made it …

Peloton Soars After Reports of Takeover Interest Read More »

By Julien Ponthus (Reuters) -Growth and technology stocks rebounded on Friday, as traders weighed stellar results from Amazon.com Inc (NASDAQ:AMZN) against an unexpectedly strong U.S. employment number that propelled Treasury yields higher. The Nasdaq Composite index, which is heavy on tech and other growth stocks, was recently jumping about 2% a day after a historic crash in …

Tech, growth shares shine in Amazon-led rebound after Meta rout Read More »

Crowds have been shrinking since Saturday, but harassment and disruptions remain CBC News · Posted: Feb 02, 2022 8:46 AM ET Some of the organizers of the protest that’s brought noise, traffic problems and harassment to downtown Ottawa say they have empathy for the city’s residents, but insist there’s no other way to end all COVID-19 public …

Protest organizers dig in and say only politicians can clear Ottawa’s downtown Read More »

Real GDP grew by 0.6 per cent last November, bringing it 0.2 per cent above its February 2020 level Nojoud Al Mallees · CBC News · Posted: Feb 01, 2022 Canada’s economy grew by 0.6 per cent in November of last year, making it the sixth consecutive month of economic expansion prior to the rapid spread of the Omicron variant …

Canada’s GDP rebounded to pre-pandemic level in November 2021 Read More »

The move comes weeks after BlackBerry pulled the plug on service for its once ubiquitous business smartphones BlackBerry Ltd. said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for US$600 million to a special purpose vehicle formed to acquire the company’s patent assets. BlackBerry said the …

BlackBerry to sell legacy patents related to mobile devices, messaging for $600 million Read More »