Canada emerges as a fast growing advanced economy
The Bank of Canada reports Canada expanded at about 4 percent annualized in Q1, outpacing G7 peers and signaling a hotter 2017 growth pace. Officials warn the rebound may be unsustainable due to weak exports and investment. Growth drivers cited include stabilizing energy, government transfers, and housing in Toronto, with projected 2017 growth at 2.6 percent.
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Canada
Bank of Canada
Ance
Ottawa
Carolyn Wilkins
Greater
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Wilkins
Stephen Poloz
Central Bank
United Airlines Posts Profit Drop Amid Dragging Incident
United Continental Holdings reports a 69 percent drop in first quarter profit to $96 million as fuel, labor and maintenance costs rise. Revenue climbs 3 percent to $8.42 billion, with per share 41 cents vs 38 expected, while stock recovers after initial dip. CEO Munoz vows better customer service despite recent drag incident.
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Procrastination Day Delays Tax Returns To Today
Americans push last minute filing as IRS notes 29 million individual returns in two weeks. Online filing and tax software ease delay while tax preparers brace for surge and delays in systems. Executives from Intuit and partner firms describe an all hands on deck end to season.
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Brad Smith
Intuit Inc
Bloomberg News
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Lin
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Intuit
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Smith
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U.S. stocks rise on upbeat China growth data
U.S. stocks posted their best day in over a month after China reported a 6.9 percent Q1 growth. Banks led gains as rates rose, with Nvidia Alphabet Amazon and Netflix adding to the advance. The S P 500 up 0.9 percent to 2349.01, Dow 0.9 percent to 20636.92, Nasdaq 0.9 percent to 5856.79. Russell 2000 up 1.2 percent to 1361.18.
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U.S
M&t Bank
Nvidia
Google
Alphabet
Amazon
Netflix
Quincy Krosby
Prudential Financial
China
Standard & Poor
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