Canada's main stock index closed slightly lower Monday as losses in resource stocks offset gains in financials, while U.S. stock markets rose.
Walgreens Boots Alliance Inc. had its senior unsecured credit rating cut to junk by Moody’s Investors Service, with the credit grader citing the drugstore chain’s high debt relative to earnings and risks associated with its push to offer more healthcare services.
Ukraine President Volodymyr Zelenskiy urged the US to break a deadlock over more than $60 billion in military aid, warning on a visit to Washington that the funding fight only benefits President Vladimir Putin and risks his country’s ability to push back against Russian forces.
Despite having a reputation of being lackluster, investors may look back more fondly at the 2023 class of initial public offerings for a rare attribute among recent debutants — not losing them money.
The International Monetary Fund’s executive board approved the disbursal of $900 million in aid to Ukraine, and urged other countries and lenders to follow through on their pledges to a $122 billion international package announced earlier this year.
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