finance

In a day filled with turbulence and uncertainty, the Nasdaq Composite index took a sharp dive, dropping over 3%, while other major indices also felt the impact of a significant market downturn on Monday. This decline primarily stemmed from rising concerns about the growing competition in artificial intelligence technology, particularly with the emergence of China’s […]

The Bank of Canada is faced with a tricky challenge as it prepares for its first interest rate decision of 2025, set to be announced on January 29th. Economists predict that this time, the cut in rates will be smaller compared to previous cuts, which have significantly affected the economy. With the looming threat of

Meta Platforms, known for its popular social media networks like Facebook and Instagram, saw its stock price rise by 4.5% on Wednesday. This increase came amid several positive developments that have investors feeling optimistic. Let’s explore what factors contributed to this rise and what it might mean for Meta in the coming months. Meta Benefits

The world of investments can sometimes feel like a giant puzzle. Recently, New Hampshire Trust made headlines by investing a hefty $330,000 to purchase shares in the Invesco QQQ ETF, showing that big decisions are being made in the finance world that could affect many people. This significant move is drawing attention from both seasoned

In a significant move that has left many shoppers feeling concerned, Peavey Mart has announced the closure of several stores across British Columbia and other regions as part of an effort to restructure its operations. This decision, revealed on January 21st, targets over 20 locations, aiming to focus on more profitable areas while addressing the

The Bank of Canada is gearing up to make an important decision about interest rates on January 29th. This announcement comes as economists balance their worries over rising inflation and the possible impacts of new tariffs on Canadian goods. While many expect the central bank to cut its rate, the size of the cut might

The Tennessee Valley Authority (TVA) is making big news! They have teamed up with top companies Bechtel, Sargent & Lundy, and GE Hitachi to work on a new and exciting energy project. This initiative is all about creating a small modular reactor (SMR) at TVA’s Clinch River Nuclear site located in Oak Ridge, Tennessee. With

Excitement is buzzing across Ontario as it was recently announced that a lucky Lotto Max winner has struck it rich with a whopping $60 million jackpot! This life-changing ticket was sold in the bustling Etobicoke area, igniting dreams and hopes for many across the region. Let’s dive into the details of this thrilling news and

Amazon Canada has made a big announcement that has surprised many people—it’s closing all seven of its warehouses in Quebec within the next two months. This decision means that around 1,950 employees will be losing their jobs, which includes 1,700 permanent workers and 250 temporary staff members. It’s a tough time for those who work

Quebec tenants are being warned of steep rent increases in 2025, according to a recent report by Desjardins economists. The prediction highlights a sharp contrast with the rest of Canada, where rent inflation is expected to slow down. Factors such as ineffective rent control policies in Quebec and rising market pressures are major contributors to