Canada urged to break glass on productivity to curb inflation
Bank of Canada official Carolyn Rogers warned productivity in Canada is dangerously low after six quarters of decline and a stagnant level for seven years. She argues aging demographics climate risks and trade tensions will push prices higher, urging higher investment in machinery and education to boost growth and tame inflation. The policy outlook remains guarded with April 10 due date for the next rate decision.
MENTIONED IN THIS ARTICLE
Bank of Canada
Carolyn Rogers
Rogers
U.S
Canada
Fairstone
Scott Wood
Smith
Parkland to Sell 157 Gas and Convenience Locations
Parkland Corp moves to divest 157 retail sites across six Canadian provinces, including brands Chevron Ultramar Pioneer and FasGas and On the Run. NRC Realty & Colliers will market the stations, mainly in Quebec and Ontario, with remaining sites in Alberta British Columbia Manitoba and Saskatchewan. The sale packages include long term fuel supply agreements aimed at entrepreneurial operators. Parkland operates about 4 000 locations and owns a Burnaby refinery supplying western Canada. AGM set for Calgary this Thursday.
MENTIONED IN THIS ARTICLE
Parkland Corp
NRC Realty & Capital Advisors LLC
Colliers Canada
Chevron
Ultramar
Pioneer
FasGas
Quebec
Ontario
Alberta
British Columbia
Manitoba
Saskatchewan
Francis Lapointe
Parkland
Lapointe
Canada
U.S
Caribbean
Burnaby
Smith Financial to Merge Fairstone and Home Trust
Smith Financial Corp plans to merge Fairstone Bank of Canada and Home Trust Co creating a leading Canadian alternative lender with over two million customers and 250 branches. The combined firm would gain a stronger capital base, broader products, and synergies in risk management and marketing.
MENTIONED IN THIS ARTICLE
Smith Financial Corp
Canada
Fairstone Bank of Canada
Home Trust Co
Smith Financial
Stephen Smith
Fairstone Bank
Home Trust
Centerbridge Partners LP
Ontario Teachers’ Pension Plan Board
Fairstone
Smith
Yousry Bissada
Canada Goose to lay off 17 percent of global corporate staff
Luxury parka maker Canada Goose Holdings Inc says it is cutting 17 percent of its global corporate workforce in a move CEO Dani Reiss frames as essential for scaling and focusing on key brand, design and operational initiatives. The Toronto based company declined to specify the exact number of jobs affected.
MENTIONED IN THIS ARTICLE
Canada Goose Holdings Inc
Dani Reiss
Canada Goose
Reiss
Refinitiv
Jonathan Sinclair
Carrie Baker
Brand and Commercial
Markets pause as Nvidia retreat drags indexes lower
Canada's S and P/TSX falls 29.76 points to 21 912.52 while U S indexes retreat with Nvidia down 2 53 percent. The Dow falls 31.31 points to 39282 33 the S&P 500 loses 14 61 and Nasdaq dips 68 80.
MENTIONED IN THIS ARTICLE
Canada
U.S
Nvidia
Bell
New York
Craig Fehr
Edward Jones
Federal Reserve
Fehr
Fed
Bank of Canada
Reddit
Trump Media & Technology Group
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Boc
the Canadian Press
B.C
Calgary
Carleton Place
PRI
Machar
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