Business

poloz

Bank of Canada governor Poloz defends low Canadian interest rates

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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

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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 October Manufacturing PMI

US manufacturing growth slows in October

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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 computer glitch

RBS IT failure to cost millions in huge fine

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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...
RBC

Canadian manufacturing rises to 11-month high

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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 currency rigging

HSBC set aside £236m for FX settlement

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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 Roads

UK’s deteriorating infrastructure hurting business, say EEF and CBI

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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...
TSX

Choppy trading week for Canadian markets

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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...
market

October a roller coaster month for stock markets

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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 flag

US inflation still below target in September

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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...