Month: October 2022

Canada’s main stock index slipped at the open on Monday, dragged down by utilities and communication services stocks, while investors were cautious ahead of the U.S. Federal Reserve’s policy decision later this week.

The TSX Composite deleted 22.51 points to open Monday at 19,448.68.

The Canadian dollar moved back 0.29 cents to 73.19 cents U.S.

National Bank of Canada and Canadian Imperial Bank of Commerce have dropped out as bidders for HSBC Holdings PLC’s business in Canada, while Bank of Montreal is still pursuing it.

National shares began Monday up 40 cents to $92.60. CIBC shares gained 18 cents to $61.79.

BMO, for its part, fell back $1.78, or 1.4%, to $126.02.

ON BAYSTREET

The TSX Venture Exchange dipped 1.13 points first thing Monday to 595.80.

All but of the 12 TSX subgroups stubbed their toes at the outset, with real-estate blundering 1.3%, utilities capsizing 1.2%, and gold fell back … Read more

David Morin, founder of Brooklyn-based startup SocialSelf, knows that socialization is hard — but he wants to make it easier.

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The Bank of England was among London landmarks targeted by environment activists this morning, along with the Home Office, MI5 and headquarters of News Corp.

Two Just Stop Oil demonstrators were arrested by City police outside the Bank of England, after the building was covered in orange paint.

The City of London Police said the campaigners were held “in relation to protest activity outside the Bank of England this morning.

“A small cordon affecting the pavement remains in place.”

On Twitter, the Bank of England said it “was vandalised by Just Stop Oil today. Many thanks to City Police for their swift action and arrests.”

“We will cooperate fully with any further police investigation. Tackling climate change is everyone’s responsibility”, before sharing what it is doing.

The Metropolitan Police said it has arrested six people on suspicion of criminal damage across the capital in connection with the protests.

Their account … Read more

Stocks rose on Friday despite a tumble in Amazon shares after economic data pointed to slowing inflation and a steady consumer.

The Dow Jones Industrials leaped 828.52 points, or 2.6%, to 32,861.80.

The 30-stock index was up 5.7% this week in its best performance since May. It was also on track for its best month since January 1976.

The S&P 500 climbed 93.76 points, or 2.5% to 3,901.06.

The NASDAQ jumped 309.78 points, or 2.9%. to 11,102.45.

The S&P 500 leaped 3.9% and the NASDAQ is up 2.2% for the week.

The stock market has fractured this week as investors dumped technology shares following weak results and outlooks from Microsoft,

Alphabet and Meta and rotated into economically sensitive stocks that will benefit if the U.S. economy can skirt a recession.

Amazon plunged by 6.8% after the company posted weaker-than-expected quarterly revenue and issued disappointing fourth-quarter sales guidance Thursday. Apple shares … Read more

One of the things you need to prepare for when you’ve reached your retirement age is your will. It is a document that lists all your properties and assets and…

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