Economics Take Five: Dogs and Pigs – World markets themes for the week ahead (Reuters) – Following are five big themes likely to dominate the thinking of investors and traders in the coming week and the Reuters stories related to them. GONE TO THE DOGS Investors burnt in the 2018 stock market rout will be happy to put the Year of the Dog behind them. Instead, the end of the Chinese Lunar New Year … Read More
Economics Co-founder of Canadian coffee chain Tim Horton’s dies TORONTO (Reuters) – Ron Joyce, Canadian businessman and co-founder of coffee and donut chain Tim Horton’s has died at the age of 88, according to a statement from the Joyce Family Foundation. Joyce, a former police constable, led the expansion of Tim Horton’s following his sole ownership of the company in 1975. Tim Horton’s, which became a unit of Restaurant … Read More
Economics Canada auto union head calls on GM to extend Oshawa plant production TORONTO (Reuters) – The Canadian union representing auto workers at General Motors’ Oshawa, Ontario plant on Friday called on the U.S. automaker to extend production at the site to September 2020 and return to the negotiating table. GM said in November it would close the plant by the end of this year, affecting 2,973 assembly-line jobs, as part of a … Read More
Economics Energy shares pull down TSX after a 12-day long rally (Reuters) – Canada’s main stock index fell on Tuesday, snapping a 12-day long rally, with energy shares leading losses on the back of lower oil prices. ** At 9:36 a.m. ET (14:36 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 80.99 points, or 0.53 percent, at 15,273.17. ** Six of the index’s 11 major sectors were lower, led … Read More
Economics Virtual dealership promises no used car salesmen Owner of Clutch aims to make buying a second-hand car cheaper and more convenient… When Trevor Bergmann of Halifax went looking for a second-hand car, he decided to check out a brand new way to shop for one. “My partner Jennifer found a vehicle online — it linked through to this company, Clutch, and we thought it was the best … Read More
Economics TSX threatens to snap nine-day rally as oil slide hits energy shares Canada’s main stock index dipped marginally on Thursday, endangering a nine-day winning streak after a drop in oil prices hurt the energy sector. * At 9:35 a.m. ET (1435 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 28.16 points, or 0.19 percent, at 15,083.1. * The energy sector dropped 0.6 percent, the most among the 11 main sectors. … Read More
Economics Canada’s oil cuts offer lifeline to producers but create new problems The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments. After Alberta cut 325,000 barrels per day (bpd) starting this month, the discount on Canadian heavy oil compared to benchmark U.S. crude oil shrank to less than $7 … Read More
Economics Canada returning to NAFTA talks earlier than expected NAFTA talks are resuming at the decision-maker level sooner than expected, with Canada’s foreign affairs minister set to return to Washington on Tuesday. A spokesperson for Chrystia Freeland’s office said the minister will be in D.C. for meetings tomorrow before travelling to Saskatoon for the Liberal caucus retreat. She also may return to Washington for more meetings at the end of the … Read More
Economics Marijuana is legal everywhere across Canada now People in Canada are cheering, enduring long lines and honking their car horns in support as the country’s first marijuana dispensaries open their doors Wednesday. “I’m having a plaque made with the date and time and everything. This is never actually going to be smoked. I’m going to keep it forever,” said Ian Power, who was among the first to … Read More
Economics Canada home sales fall in September for first time in five months – CREA Resales of Canadian homes dipped 0.4 percent in September from August, the first decline since April, the Canadian Real Estate Association said on Monday. The industry group said actual sales, not seasonally adjusted, dropped 8.9 percent from a year earlier, while the group’s Home Price Index was up 2.3 percent from September last year. Read More