BNN Bloomberg - Canadian Business, Finance and Markets News

Time 2020-09-10 11:03:25

Web Name: BNN Bloomberg - Canadian Business, Finance and Markets News

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Related Video Up Next Now Showing 4" ng-src="/img/elements/preloaders/preloader_black_video.gif" data-image="{{ video.Images[0].Url }}?width=140&height=79" alt="{{ video.Name }}" /> {{ video.Name }} The information you requested is not available at this time, please check back again soon. {{guestAppearance.guest.name}} {{guestAppearance.guest.position}}, {{guestAppearance.guest.company}} {{guestAppearance.focus}} {{ guestAppearance.date | GuestAppearanceRailDateFormat }} {{stock[column.field]}} {{stock[column.field] | filterVolumeDisplay: column.field }} {{stock[column.field]}} {{stock[column.field] | filterVolumeDisplay: column.field}} The Bank of Canada reiterated its pledge to keep interest rates at historic lows for years to come, but dialed back its willingness to take even more aggressive action and said it could adjust its bond purchase program. MoneyTalk: How has COVID-19 impacted my RESP? Summer is winding down and school is just around the corner. If you’re wondering what’s going on with your RESP investment, you’re not alone. Here are some answers to commonly asked questions parents may have about their child’s education savings. Lululemon sinks as cautious outlook disappoints Wall Street Lululemon Athletica shares fell as much as 9.7 per cent on Wednesday, the biggest one-day drop since March 16, after the company’s second-half forecast disappointed investors. The federal government is creating a new national program to help Black Canadians get business loans with national banks. AstraZeneca setback delivers reality check on vaccine risks One of the most promising coronavirus vaccines has stumbled, delivering a reality check about the odds of clinical development and the safety risks involved. Schumer sees White House ultimately pressured into stimulus deal Senate Minority Leader Chuck Schumer said on Wednesday that public pressure on the White House may cause President Donald Trump to make the concessions needed to get a stimulus deal in coming weeks. Lululemon Athletica Inc. reported a surge in its e-commerce business as quarantined consumers flocked to comfy apparel like yoga pants. Chief Executive Officer Calvin McDonald said he is “cautiously optimistic” about the second half of the year. Up and down the new virtual Wall Street, the question has started to creep in: When will the bosses order us back to our real offices? Disney 'very pleased' with 'Mulan,' but doesn't release numbers Walt Disney Co. investors eager to hear early results from the company’s unusual online release of the new film “Mulan” will have to wait. Electric-car startup Lucid to follow Tesla into energy storage Lucid Motors Inc., the electric-vehicle startup that has yet to build a production car, is following Tesla Inc.’s footsteps into the energy-storage business. Canada’s economy added 245,800 jobs in August, a fourth-straight month of gains that has recouped nearly two thirds of employment losses from the pandemic. Tiffany sues LVMH for backing out of US$16B deal LVMH said it’s calling off a deal to buy jeweler Tiffany & Co., citing delays to the proposed US$16 billion deal stemming from a U.S. move to impose tariffs on French goods. Part of Justin Trudeau’s economic strategy since becoming prime minister has been to increase the power of women in Canada’s labour force. It was working until COVID-19. Tech rallies most since April in stock rebound U.S. stocks rebounded from a three-day rout, as dip buyers poured into beaten-down tech shares to send the Nasdaq 100 to its best day since April. The dollar fell versus major peers. Brookfield, OTPP said to consider bids for PPL's U.K. unit Spanish utility Iberdrola SA and Brookfield Asset Management Inc. are among those weighing bids for energy group PPL Corp.’s U.K. business, which could be valued at about 12 billion pounds ($15.6 billion), according to people familiar with the matter. JPMorgan makes debut in green bond market with US$1B deal JPMorgan Chase & Co., the biggest U.S. bank by assets, is issuing bonds to finance environmentally-friendly projects for the first time. One of the world’s fastest-moving efforts to develop a Covid-19 vaccine is falling behind rivals, its advance appearing to be stymied by political tensions between China and Canada and concerns its shot may not work as well as others. WestJet Airlines Ltd. is increasing customer surcharges on its domestic flights after the country's air traffic control operator NAV Canada raised service rates this month, the company announced on Tuesday. Macklem calls for 'sea change' in central bank communication Bank of Canada Governor Tiff Macklem called for a “sea change” in central bank communications, saying the pandemic makes it more important than ever to build trust with the public. Transcontinental benefits from short-term wage subsidy, long-term move into packaging Transcontinental Inc. had a $48.3 million net profit in its fiscal third quarter, as cost containment measures and a COVID-related wage subsidy offset a 19.4 per cent drop in revenue. Fitch issues new warning over federal spending, government debt A major global credit rating agency is issuing a new warning about federal debt that it says may become more difficult to tackle once the pandemic passes. Nortel was once a world leader in wireless technology. Then came a hack and the rise of Huawei.

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