Markets rise on tech strength as TSX gains led by banks and utilities
Strong gains in the U S and Canadian markets lift indices with the S P 500 near a record high and the Dow up over 395 points. In Canada the S T X composite climbs 149.79 to 20 906.52 as retail sales slip and inflation remains sticky. Central banks may start rate cuts later this year amid softer Canada growth.
MENTIONED IN THIS ARTICLE
Toronto
U.S
North America
Kathrin Forrest
Capital Group
New York
Forrest
Taiwan Semiconductor Manufacturing Co
Canada
U.S. Federal Reserve
Bank of Canada
Loblaw reverts to 50 percent discount stickers on near dates
Loblaw Cos. Ltd. will return to discounting last-day grocery items by 50 percent after customer feedback. The retailer had proposed a uniform 380 percent markdown but faced criticism and a political call for an investigation into anti competitive practices.
MENTIONED IN THIS ARTICLE
Toronto
Loblaw Cos. Ltd
Catherine Thomas
Loblaw
Canada
NDP
Alistair MacGregor
Retail Council of Canada
Michael Osborne
J.C. Williams Group
Lisa Hutcheson
Metro
Bank of Canada
Statistics Canada
No Frills
Wayfair trims Canada staff in global layoff
Wayfair will cut about 50 Canadian jobs as part of a 1,650 role reduction globally. Spokesperson Susan Frechette says the Ontario layoffs form the Canadian portion, while Niraj Shah cites excess hiring during a robust economy and aims to regain efficiency.
MENTIONED IN THIS ARTICLE
Toronto
Wayfair
Susan Frechette
Ontario
Niraj Shah
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