US consumer sentiment hits 7-year high driven by cheap gas and low unemployment
Consumer sentiment in the United States in November has jumped to a 7-year high as citizens express greater optimism due mainly to cheaper gasoline...
Canada factory sales jumped 2.1% in September driven by aerospace business
Canadian factory sales increased by 2.1% in September to $46.57 billion, which was higher than the 1% average economists at the Royal Bank of...
Germany grows by 0.1 percent in third quarter, avoids recession
Germany posted 0.1% GDP growth in the third quarter, meaning it just avoided falling into recession after contracting by a revised -0.1% in the...
Dow industrials closed at record high, up 40.59 points
The Dow industrials closed at a record high on Thursday, up 40.59 points, or 0.23 percent, to 17,652.79, driven by major gains in Wal-Mart,...
US budget deficit rose to $121.7 billion in October, up $31.1 billion from last...
The US Treasury Department announced that the budget deficit in October rose to $121.7 billion, up $31.1 billion from a year ago. However, the...
Loonie continues slide as crude oil prices hit multi-year lows
The Loonie continued its downward slide as concerns regarding crude oil oversupply sent prices tumbling. The Canadian dollar fell 0.3 of a cent on...
Asda sales fall 1.6 percent in third quarter ‘shockwave’
British supermarket chain Asda Stores Limited, part of the Wal-Mart empire, reported a 1.6% decline in third quarter sales, compared to a 0.5% increase...
Loblaw posts big revenue jump after Shoppers Drug Mart acquisition
Loblaw Companies Limited, Canada’s biggest retailer, posted a 35.9% increase in revenue to C$13.599 billion in the third quarter ending October 4th, compared to...
China’s industrial production growth for October alarms economists
China’s industrial production grew by 7.7% compared to expectations of 8%, while retail sales, which had been forecast to expand by 11.6%, came in...
Virgin Money shares priced at 283p, giving it a market capitalization of £1.25bn
Virgin Money flotation shares have been priced at the lower end 283p, thus giving the challenger bank a market capitalization of about £1.25 billion,...