Bank of Canada governor Poloz defends low Canadian interest rates
Stephen Poloz, Bank of Canada governor, has defended keeping interest rates low for such a long time after the financial crisis, highlighting how it...
Canadian S&P/TSX composite index down 6.6 points to 14,606.72
The Toronto stock market did not experience much volatility on Monday, with the S&P/TSX composite index down 6.6 points to 14,606.72.
Declines were fueled by...
US manufacturing growth slows in October
The Markit US Manufacturing Purchasing Managers’ Index (PMI) came in at 55.9 in October, down from September’s 57.5. This does not mean there was...
RBS IT failure to cost millions in huge fine
The Royal Bank of Scotland (RBS) faces a multi-million pound fine from the UK regulator for an IT failure that left tens of thousands...
Canadian manufacturing rises to 11-month high
Canadian manufacturing output reached an 11-month high in October, after falling slightly in September. The RBC Canadian Manufacturing Purchasing Managers' index (PMI) increased to...
HSBC set aside £236m for FX settlement
London-based multinational HSBC Bank plc said on Monday it had set aside £236 million ($377 million) in preparation for fines over alleged manipulation of...
UK’s deteriorating infrastructure hurting business, say EEF and CBI
The UK's deteriorating infrastructure, particularly its ‘crumbling’ road network, is undermining business growth. The Government needs to invest in Britain’s road network, manufacturers’ organizations...
Choppy trading week for Canadian markets
Canadian markets are in for a choppy trading week, with a flood of news about to come out, including earnings and economic data reports.
The...
October a roller coaster month for stock markets
October was a roller coaster month for stock markets. It started marginally below a record high, slumped to a 2-year low, and then rebounded...
US inflation still below target in September
US September inflation was still below the Federal Reserve’s target of 2% per year, for the 29th successive month. Subdued inflation is not only...