Fed hawkish stance drags markets worldwide
Toronto's S and P TSX index fell 206 points as tech shares led the decline after the U.S. Federal Reserve signaled a cautious path to rate cuts. Nasdaq slid 2.2 percent, S&P 500 down 1.6 percent, while U.S. tech names like Alphabet and Microsoft retreated despite solid results.
MENTIONED IN THIS ARTICLE
Toronto
Canada
U.S
U.S. Federal Reserve
New York
Jules Boudreau
Mackenzie Investments
Alphabet
Microsoft
Tesla
Delaware
Elon Musk
Advanced Micro Devices
Alberta and B C wine shipments spark interprovincial clash
Alberta's liquor regulator warned British Columbia wineries it will not accept inbound shipments for Alberta retailers unless they halt direct-to-consumer orders. Lawyers for BC winemakers call the move an overreach, while BC officials say they are addressing shared inter provincial concerns.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
British Columbia
al Hadec
B.C
AGLC
Hadec
Government of
Canada economy ends 2023 on stronger note may delay rate cuts
Statistics Canada shows 0.2 percent GDP rise in November and an annualized 1.2 percent fourth quarter gain. Analysts say solid late 2023 growth could push Bank of Canada rate cuts later in 2024, though caution remains due to one off factors and mixed sectors.
MENTIONED IN THIS ARTICLE
Dreau
CME Group
Canada
Boudreau
U.S
Ottawa
Statistics Canada
StatCon
Bank of Canada
Central Bank
Bank of Montreal
Douglas Porter
Porter
Rent climbs in 2023 as vacancies hit record lows in Canada
The Canada Mortgage and Housing Corp reports a 1.5 per cent vacancy rate for purpose built rentals in October 2023, down from 1.9 per cent a year earlier. Two bedroom rents rose eight per cent to $1359, driven by population and employment growth and rising demand from migrants and young buyers.
MENTIONED IN THIS ARTICLE
Canada
Canada Mortgage and Housing Corp
Federal Housing Agency
CMHC
Kevin Hughes
Hughes
Also Mentioned on This Page
Hawkish Fed
Fed
Jerome Powell
Bou
Boudrea
Alberta Gaming, Liquor and Cannabis
Wineries
Ministry of Public Safety
Solicitor General
Cremona
Alta
Nojoyd
AL Mallees
ABC
Claire Fan
StatCan
Quebec
Business TV
CNBC
CNN
CPAC
Erin Burnett
Anderson Cooper
Kaitlan Collins
Primetim
L'Essen
Cpac - Cable
Esther
Michael Serapio
Travis Dhanraj
le National
Sammy Hades
Ore Mi
Falta
Tbca.com
Ticketmaster.ca
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!