Markets steady as banks begin to report earnings
Canadian stocks edged lower as BMO and Scotiabank earnings hit. The S and P/TSX fell 5.41 to 21 318.90 while U S indices mixed with the Dow down and the S P 500 and Nasdaq higher. Investors brace for RBC TD and National Bank results and note higher credit loss provisions. The loonie traded near 74 US cents, oil rose to near 78 87, gold up to 2044 10 an ounce.
MENTIONED IN THIS ARTICLE
Toronto
Canada
U.S
New York
BMO
Scotiabank
Andrew Britain
Fiduciary Trust Canada
Britain
RBC
National Bank
Crude by rail shipments surge in Canada in late 2023
Canadian crude by rail volumes nearly doubled in the last six months of 2023 as Alberta output hit all time highs. Refining data shows exports rising from 78 747 bpd in May to 167 006 bpd in November, then 157 142 in December. The surge reflects limited pipeline capacity ahead of the Trans Mountain expansion and could reverse once the project starts.
MENTIONED IN THIS ARTICLE
Calgary
Alberta
Trans Mountain
Canada Energy Regulator
Canada
BMO Capital Markets
Ben Pham
Western Canadian Sedimentary Basin
Pham
BMO
Western Canada
Trans Mountain Corp
B.C
Phil Skolnick
Skolnick
Wendy's tests surge pricing and AI menu changes
Wendy's will begin testing dynamic pricing in company restaurants as early as 2025, with AI enabled menu changes and daypart offerings. The plan includes about 20 million dollars to install digital menu boards in U.S. company run locations by end of 2025 and ten million globally over two years.
MENTIONED IN THIS ARTICLE
Wendy’s
Kirk Tanner
Dublin
Wendy’s Co
U.S
Cineplex Faces Deceptive Pricing Claims In Canada
The Competition Commissioner alleges Cineplex Odeon Oshawa charged online booking fees totaling about 39.9 million across 2022 and 2023. The case centers on a $1.50 per online ticket and a countdown timer claimed to mislead customers about final prices. Cineplex disputes the allegations, saying fees and total prices are disclosed and argue drip pricing is mischaracterized.
MENTIONED IN THIS ARTICLE
Toronto
Cineplex Inc
Canada
Cineplex
Scene
CineClub
Competition Tribunal
Ottawa
Matthew Boswell
Michelle Saba
Costs rise for Trans Mountain pipeline expansion
Trans Mountain Corp projects costs about 10 percent higher than the May 2023 estimate of 30.9 billion dollars. The Crown entity says final costs await completion, with a three month post construction window before a final figure. The project aims for a second quarter in service with contracts starting May 1, while rock drilling challenges persist in British Columbia.
MENTIONED IN THIS ARTICLE
Calgary
Trans Mountain Corp
Canada Energy Regulator
ABC Capital Markets
Greg Pardy
Trans Mountain
Canada
West Coast
B.C
Fraser Valley
Hope
Chilliwack
Also Mentioned on This Page
PCE
U.S. Federal Reserve
Wendy’s Restaurants
Michelle Chapman
THE
Associated Press
Oshawa
Jurtraavs
the Canadian Press
CNBC
CNN
Business TV
Last Call
Erin Burnett Anderson Cooper
the Source
OutFront
360
Kaitlan Collins
CPAC
Newsworld
Primetim
L'Essen
Esther Michael Bégin
Serapio
Travis Dhana
the National
Trans Mountain Pipeline
Amanda Stephenson
Machar
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