U.S. service providers expanded in April at the second-fastest pace in data back to 1997, cooling slightly from the prior month as business activity and order growth pulled back from record highs.
Nova Scotia offers extra $12M to businesses hit by latest COVID-19 wave
Nova Scotia is offering more than $12 million in additional support to businesses hit by the latest COVID-19 lockdown in the province.
Canada's April vehicle sales up 254% from last year's pandemic low
Canadian auto sales in April were up 254 per cent compared with the same month last year, when sales plunged due to lockdowns in the early stages of the COVID-19 pandemic.
The Daily Chase: Toronto home prices drop from record high; Yellen walks back rate-hike remarks
It was a rare sighting for the country’s largest housing market last month as property sales and prices fell amid signs that prospective buyers could be tapped out.
Canadian consumers lose trust in big brands during pandemic: study
The study says Air Canada, which experienced a rise in trust in early 2020, saw a decline overall after it failed to issue customer refunds and promoted travel during the pandemic.
The Daily Chase: Oil rises on demand outlook; Peeling back layers on Bridging Finance
West Texas Intermediate is into another day of gains, climbing back above US$65 per barrel as optimism about the demand outlook rides high even as COVID ravages India.
U.S. factory growth settles back as supply chain snags linger
Growth at U.S. manufacturers cooled in April as ongoing supply chain issues and materials shortages limited production efforts and enlarged backlogs.
Higher loonie won’t stop housing-led economic growth: FX strategist
A strengthening Canadian dollar won’t prevent the country’s economy from continuing its growth trajectory, a currency strategist said.
What financial advisers are telling rich clients about Biden's tax hike
President Joe Biden’s proposal to roughly double the capital-gains tax for the rich has put financial advisers in the unusual position of acting as part therapist and part fortune teller.
As Canadians look to Ottawa to repair an economy ravaged by COVID-19, there’s a growing focus on our savings accounts as a source of potent fiscal stimulus just waiting to be “unleashed.”