TSX slides as U S markets mix on inflation and rate outlook
Canada’s main index fell about 200 points led by financials and base metals while U S markets were mixed with the Dow off and the S P 500 and Nasdaq higher. Apple jumped 7.3 after signaling AI push as traders await inflation data and Federal Reserve rate forecast this week. Prices: crude up to 77.90 a barrel, natural gas 3.13, gold 2326.60, copper 4.51 a pound.
MENTIONED IN THIS ARTICLE
Toronto
Canada
U.S
New York
Apple
Dustin Reid
Mackenzie Investments
Bank of Canada
European Central Bank
Reid
CAE profits from private contract boom in defense
CAE Inc chief executive Marc Parent says governments rely more on private contractors as armed forces face personnel shortfalls. A CAE RF Aerospace SkyAlyne deal worth 11.2 billion dollars will train aircrews and run bases in Moose Jaw Winnipeg and Portage la Prairie. The plan reflects a shift toward outsourcing and privatization in defence while CAE reports a recent quarter loss from one time charges.
MENTIONED IN THIS ARTICLE
Montreal
CAE Inc
Marc Parent
Canada
Parent
Royal Canadian Air Force
RCAF
SkyAlyne
Moose Jaw
Sask
Winnipeg
Portage la Prairie
Man
CAE
Court orders in Loblaw Sobeys antitrust probe
The Competition Bureau obtained two court orders in Federal Court demanding parent firms Empire Co. Ltd. and George Weston Ltd. reveal real estate holdings lease agreements customer data and related records as part of a probe into restrictive property covenants in the grocery sector. The bureau sees potential anticompetitive effects though no wrongdoing is proven. Empire Weston and Loblaw affiliates cooperate and have sought appeals in separate filings. The focus covers Halifax operations with wider national implications.
MENTIONED IN THIS ARTICLE
Toronto
Competition Bureau
Loblaws and
Sobeys
Competition Commissioner
Empire Cos. Ltd
George Weston Ltd
Sobeys and Loblaw
Sion
Empire
George Weston
Sarah Brown
Loblaws
Bureau’s Review
Catherine Thomas
Ment
Halifax
Empire’s
Crombie Real Estate Investment Trust
Choice Properties Real Estate Investment Trust
Anthony Durocher
House of Commons
Also Mentioned on This Page
TSX
U.S. Federal Reserve
Fed
May
NOLDS
Defence
Bill Blair
David Perry
Canadian Global Affairs Institute
Perry
Mulroney
Air Canada
Petro-Canada
ArriveCan
Brown University
Public Service Alliance of Canada
Justin Trudeau
Loblaw, Sobeys
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