Canadian Pacific Railway Ltd. capped 2020 with its net profit surging nearly 21 per cent in the fourth quarter despite softer revenues.
The head of Canada’s largest railway says the company expects a positive second half of 2021, pinning his hopes to fewer COVID-19 cases and the nation’s prospects for economic recovery.
Federal Reserve officials left their benchmark interest rate unchanged near zero as they flagged a moderating U.S. recovery and reiterated a pledge to use all available tools to support the economy during the coronavirus pandemic.
Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum this morning. Former Bank of Canada governor Mark Carney says that politicians can help markets finance the transition to zero-emission economies by setting credible forward commitments.
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