U.S. state and local governments look slated to spend more on crumbling infrastructure as federal aid bolsters their ledgers, low interest rates makes it cheaper to borrow and the nation’s economy recovers from the pandemic downturn, Moody’s Investors Service said.
StatCan data shows youth unemployment rates have risen during the COVID-19 pandemic
New data from Statistics Canada shows that while youth unemployment has risen during the COVID-19 pandemic, finding full-time work has been increasingly precarious since the 1980s.
The Daily Chase: Inter Pipe calls off Pembina deal; China crackdown hits stocks
Inter Pipeline has called off its friendly takeover arrangement with Pembina Pipeline with just three days to go before shareholders were set to vote on that transaction.
As pandemic lockdowns ease and the world slowly starts to reopen, many people are eager to take a vacation after being cooped up at home for months.
Canadian retail sales jumped in June with COVID cases receding
Canadian retailers have started to recover from the third major COVID-19 shutdown, which stunted shopping earlier this year.
The Daily Chase: Markets aim to end week on a high note; Air Canada narrows its loss
North American stocks are positioned for a higher open at the start of trading this morning, in a continuation of the theme we’ve seen the last couple of days after Monday’s ominous start to the trading week.
Europe’s post-lockdown economic surge strengthened in July, but businesses warned of threats to the outlook in the form of shortages of raw materials, delivery delays and rising costs.
CFIB launches petition to maintain government financial supports
A group representing Canada's small business sector has launched a petition pressing the federal government to halt the phasing out of financial support programs.
Lagarde says ECB has learned from history, won’t tighten early
Christine Lagarde promised that the European Central Bank has learned from the errors of past crises and won’t derail the current economic recovery by withdrawing emergency support too early.
Futures are pointing to a modestly higher open (at least as of 7 a.m. ET), making Monday feel more and more like a blip as COVID Delta variant fears fade while earnings season ramps up.