US Stocks End Mixed as Wall Street Assesses Earnings
Stocks posted an uneven finish on Wall Street Tuesday, handing the S&P 500 index its second decline in a row. Stocks posted an uneven finish on Wall Street Tuesday, handing the S&P 500 index its second decline in a row. An early gain faded as investors assessed a mixed bag of corporate results and looked […]
TSX gets a boost
The energy, financials and materials sectors helped boost Canada’s main stock index in late-morning trading. The S&P/TSX composite index was up 66.95 points at 15,445.57. In New York, the Dow Jones industrial average was up 28.50 points at 24,556.72. The S&P 500 index was down 7.47 points at 2,636.38, while the Nasdaq composite was down […]
Drilling forecast cut
The Petroleum Services Association of Canada is cutting 1,000 wells from its 2019 drilling forecast due to what it calls deteriorating investor confidence in Canada. The industry group says it now expects 5,600 wells to be drilled in Canada this year, down from its November forecast of 6,600, and 19 per cent behind the 2018 […]
Social Security Tribunal
Federal cabinet ministers will soon decide whether and how to reform the oft-maligned tribunal Canadians use to appeal federal benefits rulings, potentially undoing changes made six years ago intended to make it work better. The Social Security Tribunal hears appeals of government decisions on things like eligibility for Employment Insurance and the Canada Pension Plan. […]
New money to provinces
The federal government is planning to spend an additional $114.7 million to compensate provinces and municipalities for temporary housing costs for asylum seekers. The money is part of $2.5 billion in new spending plans tabled late Monday as part of the government’s supplementary estimates. The financial document says the influx of irregular migrants entering Canada […]
Tax hike motion tabled
Canada’s Conservatives have tabled a vote on future tax hikes by the Trudeau government. The Honourable Andrew Scheer, Leader of Canada’s Conservatives and the Official Opposition, issued this statement on the Conservatives’ opposition day motion that will be tabled and debated today: “More and more Canadians are beginning to realize that if Justin Trudeau is […]