High-yield bond ETFs fell victim to stock slump
Junk bond ETFs suffered outflows of around 10% of their overall market in the five trading sessions up to Thursday Investors fled from high-yield corporate bonds as stock-market contagion spared few corners of the investment universe last week. Exchange-traded funds focusing on high-yield corporate paper, or “junk” debt, struggled to stem outflows from an asset […]
Stocks end lower as tech weakness quashes attempt at gains
Apple down sharply on China worries Major benchmarks closed lower Monday as tech weakness prevented stocks from holding on to earlier gains. Investors also remained cautious following last week’s equity-market rout, sparked in part by rising U.S. interest rates. Nasdaq was the worst performer of the three after large-cap tech shares including Apple Inc. AAPL, […]
Court tosses lawsuit
A federal court in New Jersey has dismissed a lawsuit brought by the widow of automaker John DeLorean over royalties stemming from the “Back to the Future” movies. Sally DeLorean claimed a Texas company using the DeLorean name had illegally accepted royalties from Universal for the promotional use of images of the iconic car. A […]
Bracing for online pot rush
As many as 100 locations across the country may be ready to sell cannabis on Wednesday when recreational pot is legalized across the country, but most Canadians’ first purchase of legal pot will likely be online. Provincial and territorial governments and private retailers say they believe they’re ready for the surge of online shoppers, but […]
Bank of Canada survey says Canadian businesses are optimistic
Survey was conducted even before Canada signed on to new North American trade deal A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans. The quarterly survey was conducted between mid-August and mid-September — before […]
Canada open to more China trade now that USMCA is done, Trudeau says
Canadian officials have been working over the past year to grow trade relations with China, PM says Canada is open to doing more business with China now that a trading agreement with the United States and Mexico has been finalized, says Prime Minister Justin Trudeau. “Obviously, China is the world’s second-largest economy and growing, and […]