News

FannieMae

Average US 30-year mortgage rate falls to 3.80 percent

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Average U.S. rates on fixed mortgages declined this week, with the US benchmark 30-year loan rate falling to 3.80 percent - a new low...
bumble bee foods logo

Thai Union buying US rival Bumble Bee Foods for $1.5 billion

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Thai Union Frozen Products, the number one producer of canned tuna in the world, is acquiring its US rival company Bumble Bee Foods for $1.5...
unilever logo

Unilever drops lawsuit against “Just Mayo” maker

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Unilever, maker of Hellmann’s mayonnaise, has withdrawn its lawsuit against the food startup company Hampton Creek for false advertising of its “Just Mayo” product. In...
ally financial logo

US Treasury selling last 11.4% stake in Ally Financial

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The US Treasury has launched an offering to sell its 11.4 percent remaining stake in the Detroit-based auto lender Ally Financial Inc. Ally Financial, the...
Barrick

Barrick suspends Zambian copper mine after royalties more than tripled

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Following the Zambian government’s new legislation hiking the royalty rate on open pit mining operations from 6% to 20%, Barrick Gold Corporation said on...
Enbridge

Regina leak disrupts oil supplies to US Midwest

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Enbridge Inc. said it had to shut down and isolate a pipeline at the Regina Terminal in Saskatchewan after a leak from the line...
Saputo Bimbo acquisiton deal

Saputo sells bakery division to Grupo Bimbo for $120 million

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Montreal-based dairy company Saputo Inc. says it has agreed with Grupo Bimbo SAB de CV to sell its bakery unit Saputo Bakery Inc. for...
Canada Wholesale Trade

Canadian wholesale trade up in dollar terms but down in volume

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Canadian wholesale trade went up and down in October. In dollar terms it was 0.1% higher compared to September, reaching a record high, but...
Couche-Tard Pantry takeover

Couche-Tard and The Pantry agree on acquisition deal

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Alimentation Couche-Tard Inc. and The Pantry Inc. announced on Thursday they have reached a definitive merger agreement under which Couche-Tard will buy The Pantry...
Euro vs CHF exchange rate

Switzerland imposes negative interest rate on sight deposits

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The Swiss National Bank has imposed a negative rate of -0.25% on "sight deposits" with over 10 million Swiss francs ($10.22 million). A sight...