Implementing guaranteed basic income could cut poverty rates up to 40%, PBO says
The government’s fiscal watchdog says a guaranteed basic income program at the federal level could cut poverty rates in Canada by up to 40 per cent.
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S&P 500 adds to its record as Wall Street drifts higher
The S&P 500 added to its record as U.S. stock indexes drifted through a quiet Wednesday on Wall Street.
Canada a ‘great place to invest,’ says head of mining giant BHP
The head of one of the world’s largest mining companies says he’s betting big on Canada.
S&P/TSX composite ticks lower, U.S. stocks post small gain
Canada’s main stock index ticked lower on Wednesday, weighed down by losses in technology and base metals, while U.S. stock markets eked out another gain to reach a new all-time high for the S&P 500.
BNP, Santander, Barclays Rank as Best on Financed Emissions
BNP Paribas SA, Banco Santander SA and Barclays Plc stand out as the best among banks in terms of their current and forecast financed CO2 emissions.
Forever 21 Plans Hundreds of Store Closures in Second Bankruptcy
The U.S.-based operator of Forever 21 Inc. is preparing to close at least 200 more locations from the fast-fashion retailer’s shrinking store base.
Exxon Plans to Ramp Up Guyana Gas Output, Sees Potential for Exports
Exxon Mobil Corp. outlined plans to increase natural gas production from oil-focused Guyana and is considering options to export the fuel to global markets.
TD says keep betting on the U.S. dollar despite distractions from tariffs
TD Securities is urging traders to stay long the U.S. dollar as fundamental drivers keep the currency poised for gains despite the volatility spurred by tariffs.
Carney vows to rein in government spending, cap public service in Canada
Mark Carney promised to cap the size of the Canadian public service and undertake a program spending review if he becomes prime minister.
Rio Tinto follows big mining peers in posting profit slide
Rio Tinto Group became the latest mining major to post a slide in annual profit as the industry grapples with weaker demand from its top customer China.
Antitrust Expert Jon Orszag Bets on M&A Mazes With New Firm
Jonathan Orszag, the co-founder of Compass Lexecon, is making a fresh bet that mergers and acquisitions are only going to get more complicated.
SpaceX Meeting Lifts 4iG to Record on Bets for Satellite Deals
Shares in Hungary’s 4iG Nyrt. jumped to a record high on bets the telecommunications company could be preparing a business deal with Elon Musk's SpaceX.
Siemens Set to Raise €1.4 Billion in Healthineers Stake Sale
Siemens AG is offering a roughly 2% stake in Siemens Healthineers AG, the medical technology unit it listed in 2018.
Oil Exports From Russia’s Busiest Port Unencumbered by Sanctions
Crude-oil exports from Russia’s main Pacific terminal remain robust as shippers and traders — yet again — work around a fresh batch of curbs from the US, enlisting a new roster of vessels to keep barrels moving.
Kazakhstan Seeks Talks With Ukraine as Drones Hit Oil Pipe
Kazakhstan is seeking discussions with Ukraine after an attack by its drones on Russian territory affected flows through its important crude export conduit.
Russia’s Oil Product Exports Decline as Diesel Surge Tapers Down
Russia’s exports of refined products dropped this month as the surge in diesel outflows observed in January has subsided.