UK GDP to grow by 2.5% in 2015, not 2.3% says NIESR
UK GDP is expected to grow by 2.5% in 2015, the NIESR (National Institute of Economic and Social Research) announced on Wednesday, and not...
Scotiabank cutting 1,500 jobs and taking $451m charge
Scotiabank announced on Tuesday that it would be cutting 1,500 jobs globally, and will also take a total of $451 million in pre-tax charges...
Food bank usage in Canada ‘dismaying’
In March, a total of 841,191 Canadians used food banks, according to a report published Food Banks Canada, which described the number as “dismaying”,...
Overtime and holiday pay should be linked, says UK tribunal
The UK’s Employment Appeal Tribunal ruled in favor of workers regarding the inclusion of overtime in holiday pay, the Unite union announced on Tuesday....
Australian interest rates stay at record lows
The Reserve Bank of Australia announced on Tuesday that it had decided to keep interest rates low for the 14th successive month. The central...
Bank of Canada concerned about downside inflation risk
The Bank of Canada is concerned about low inflation, however, it believes the risks are balanced. A Canadian interest-rate hike doesn’t appear to be...
Canadian stocks fall, Toronto S&P/TSX index down 0.52 percent
The Toronto Stock Exchange's S&P/TSX composite index ended the day down 75.70 points (0.52 percent), at 14,537.62. Five of the index's 10 main sectors...
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...