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The Daily Chase: Flat revenue at Rogers amid corporate power struggle; TSX on a roll

Today it’s about fundamentals for Rogers Communications after more than a week of being in the news amid leaks about a power struggle pitting the company’s chairman (and son of the founder) against family members, the chief executive, and the rest of the board.

Economics

Tiff Macklem, governor of the Bank of Canada, walks out of the Bank of Canada building in Ottawa, Ontario, Canada, on Monday, June 22, 2020. The Canadian dollar rose against the greenback as U.S. stocks looked poised to extend gains with investors betting policy makers won’t shut business activity in spite of rising infections.

11:03

'Not transitory at all': Scotia economist sees 8 BoC rate hikes

Canada’s annual inflation rate came in hot once again in September, and Scotiabank economist Derek Holt sees the Bank of Canada responding with a series of rate hikes beginning next year.

Economics

Jean-Jacques Ruest, president and chief executive officer of Canadian National Railway Co., speaks during an event at the Canadian Club in Montreal, Quebec, Canada, on Monday, Jan. 13, 2020. CN Rail carries about C$250 billion ($189 billion) worth of goods annually, including 180,000 barrels a day of oil in September, according to its earnings call.

16:39

The Daily Chase: In conversation with outgoing CN Rail boss; Canadian inflation sets 18-year high

It’s going to be must-see TV when Jean-Jacques Ruest joins us at 1 p.m. ET, less than 24 hours after CN Rail announced he’s planning to retire as president and chief executive of the company.

Economics

WASHINGTON, DC - APRIL 28: A man shops in the meat section at a grocery store, April 28, 2020 Washington, DC. Meat industry experts say that beef, chicken and pork could become scarce in the United States because many meat processing plants have been temporarily closed down due to the coronavirus pandemic. Tyson Foods took out a full page advertisement over the weekend in several major American newspapers, warning that the food supply chain is on the cusp of breaking. (Photo by Drew Angerer/Getty Images)

7:47

Many Canadians report difficulty feeding their family: Poll

The rising cost of goods is taking its toll on Canadian households with almost half (46 per cent) of all respondents in a recent survey stating they have some difficulty covering their grocery bill.

Economics

A shopper browses clothing at a Sports Experts store on Sainte-Catherine street in Montreal, Quebec, Canada, on Wednesday, Oct. 6, 2021. The Quebec economy is bouncing back faster than was anticipated six months ago, raising the prospect of a smaller budget deficit even as the government faces new expenses to weather the pandemic, the province's finance minister said. Photographer: Graham Hughes/Bloomberg

11:03

Canadian inflation increases at fastest rate since February 2003

Inflation exceeded the Bank of Canada’s control range for a sixth straight month, worsened by supply chain bottlenecks that are proving stubbornly persistent.

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