A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Companies are sitting on a lot less cash than they were last year,…
Tag: business news stories
Is Taylor Swift saving the economy?
The economy is slowing down. Rising interest rates and stubbornly high inflation are squeezing indebted households. And just about every forecast is warning that a recession is looming. But there is one bright spot — one place where the flashing red lights are shrugged off by an army of consumers perfectly content to spend generously:…
Irving Oil considers the sale of the company as part of a strategic review
Irving Oil says it has launched a strategic review that will consider, among other things, “a full or partial sale” of the company, one of the largest in New Brunswick. “A strategic review of the company is underway, and a series of options are being evaluated related to the company’s future,” the Saint John-based company…
Can You Prevent a Whistleblower Lawsuit?
When a whistleblower suit is brought against a company or practice, there are usually many warnings that were ignored or not dealt with appropriately. Many times, wrongdoings are brought to light internally first and properly addressing concerns can prevent a lawsuit. We can help you stay on top of the latest news that affects your…
Canada’s economy grew by more than expected in the first quarter, upping the odds of the rate hike next week
The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday. The latest data shows growth beating out the federal agency’s own forecast of 2.5 per cent for the quarter. A preliminary estimate suggests the economy grew by 0.2 per cent in April, after…
Toronto housing market sees biggest price gain since peak
Article content The spring surge in Toronto house prices accelerated again in May, providing another sign of persistent inflation in parts of the Canadian economy before a key central bank interest rate decision next week. Article content The benchmark price of a home in Canada’s largest city increased 3.2 per cent last month to $1.14…
How Can You Protect Your Children?
Many of our estate planning clients have children and want to protect their children. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). While concerns vary, protecting children is a huge part of estate planning….
Morning Business Report: There is a new debt ceiling agreement, now lawmakers must decide if they support it – 41NBC News
A deal proposed to lift the federal debt limit would have only a small cooling effect on the US economy and high inflation, according to economists. It does little to reduce government spending that grew rapidly during the Covid-19 pandemic and its aftermath. There’s one particular component of the deal that could ding the economy…