November 16, 20240 Comments

Dow ends 300 points lower as rate-cut doubts stall postelection rally

U.S. stocks finished lower on Friday, capping off the worst week for the S&P 500 since early September, as creeping doubts about a December interest-rate cut by the Federal Reserve helped interrupt a postelection rally. Economic data on inflation and retail sales coupled with comments from senior Fed officials, including Chair Jerome Powell, about there being no big rush to cut rates weighed on investors’ minds this week. Investors also

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November 12, 20240 Comments

Labour Minister ends port lockouts through binding arbitration

Article content Labour Minister Steven Mackinnon has put an end to the work stoppages at Quebec and British Columbia ports by ordering binding and final arbitration. Mackinnon said on Tuesday the negotiations had hit an impasse and the economic and reputational damage to Canada as a reliable trade partner was in jeopardy. “If these work stoppages go on, the impacts will only worsen, and our well-earned reputation for reliability will

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