Ankita Vasishtha

The stock market was buzzing with excitement on Thursday as the Dow Jones Industrial Average soared by 350 points, which is a big jump of 0.8%. This increases the index’s momentum, with investors showing confidence despite a quiet day for economic news. With some companies announcing strong earnings reports, it seems that many are feeling […]

In a shocking turn of events, Hudson’s Bay, a beloved Canadian department store chain, has filed for creditor protection on March 14, 2025. This significant move has raised concerns not just for the company but for its employees and the many communities reliant on the retail giant. As Hudson’s Bay wrestles with nearly $1 billion

Shopify Inc. (SHOP) has had a wild ride on the stock market lately, especially after it revealed its latest earnings. The Canadian e-commerce giant saw its shares soar initially, bursting to an impressive record high of $125.79. However, after the announcement, the stock found itself trading down to around $124.63, which is a decline of

In a surprising turn of events, Amazon’s stock has recently taken a significant hit after the company issued a disappointing sales forecast for the upcoming quarter. Despite showcasing remarkable earnings in the past months, the giant’s outlook has raised eyebrows among investors, as they were expecting stronger growth and higher revenue. This news has created

In a significant move reflecting its ongoing financial difficulties, Canada Post has announced the layoff of almost 50 managers this week. This decision comes amidst a troubling landscape of declining mail volumes and fierce competition in the parcel delivery market. The Crown corporation assures that despite these layoffs, the services to Canadians will remain unchanged.

The S&P/TSX Composite Index, which is Canada’s main stock index, faced a significant drop today as it opened lower, sending waves of concern through the financial markets. By early morning, the index was down 2.4%, indicating a tough start for investors trying to navigate the current economic landscape. This decline has been largely attributed to

The U.S. dollar is currently making headlines as it shows signs of fluctuation ahead of major economic reports that are about to be released. Investors and economists are closely watching these trends to gauge the dollar’s strength in the upcoming days, with many significant factors at play. What’s Happening with the U.S. Dollar? Recently, the

In a significant development for taxpayers, India’s Finance Minister Nirmala Sitharaman recently unveiled the new income tax slabs during the Budget 2025 presentation. These changes aim to provide much-needed relief to the middle-class and introduce further options for taxpayers navigating their finances. Let’s dive into what these new tax slabs entail and how they might

In a move that has sent ripples through Canadian households, the Bank of Canada has announced a key interest rate cut of 0.25 percentage points, reducing it to a total of 3 per cent. This decision, made on January 29, 2025, means that many Canadians with variable-rate mortgages may soon see their monthly payments drop,

In a significant move to support the Canadian economy, the Bank of Canada (BoC) has announced a 25 basis point reduction in its key interest rate, bringing it down to 3%. This decision was made on January 29, 2025, as part of the bank’s strategy to stimulate economic growth amid various challenges, including a potential