Saturday, March 2, 2024
Saturday, March 2, 2024
HomeNewsOther NewsAt present's information: Trending business tales for December 5, 2023

At present’s information: Trending business tales for December 5, 2023


Related stories

-- Advertisment --
- Advertisement -

The latest business information because it occurs

Article content material

Top headlines

Article content material

10:01 a.m.

Advertisement 2

Article content material

Markets open: Stocks lose some steam

Wall Street is sagging once more Tuesday as a giant rally that despatched it to a 20-month excessive loses some steam.

On Wall Street, the S&P 500 was down 0.06 per cent at 4,567.21. The Dow Jones Industrial Average was down 0.40 per cent at 36,058.58 whereas the Nasdaq was up 0.31 per cent at 14,229.40.

In Toronto, the S&P/TSX composite index was down 0.02 per cent at 20,404.55.

December’s lack of momentum comes after shares charged greater via November on hopes the United States Federal Reserve could lastly be performed with its market-shaking hikes to rates of interest and may quickly flip to slicing charges, which may assist maintain the financial system out of a recession and juice costs for every kind of investments.

A spate of recent knowledge inflated hopes on Wall Street that the financial system is slowing from its lately scorching tempo by simply the correct amount.

Data on jobs openings popping out in the present day and December unemployment numbers scheduled for launch on Friday will give traders a more energizing view of the U.S. employment image. The hope is that the roles market can cool extra via employers slicing again on open positions than on employers shedding a number of employees.

Article content material

Advertisement 3

Article content material

The Associated Press

9:05 a.m.

AltaGas raises dividend on sturdy outlook

AltaGas Ltd. is elevating its dividend because it says it expects its earnings to develop subsequent 12 months, helped by its core operations.

The power infrastructure firm stated it would pay a quarterly dividend of 29.75 cents per share beginning with its March fee to shareholders, up from 28 cents per share.

In its outlook, AltaGas stated it expects its normalized earnings per share for 2024 to complete between $2.05 and $2.25.

The consequence would imply year-over-year progress of about 10 per cent, based mostly on the midpoint of its steerage for each years.

The firm stated its capital spending plan for 2024 is predicted to be $1.2 billion, excluding asset retirement obligations.

AltaGas shares closed down 39 cents at $27.33 on the Toronto Stock Exchange on Monday.

The Canadian Press

7:30 a.m.

Toronto home costs slide once more as excessive rates of interest weigh

Toronto home price chart

Toronto home costs fell for a fourth straight month as patrons had been squeezed by rates of interest caught at multi-decade highs.

The benchmark value for a home in Canada’s largest metropolis fell 1.7 per cent in November from the earlier month to $1.11 million, in accordance with seasonally adjusted knowledge launched Dec. 5 by the Toronto Regional Real Estate Board. That brings the entire decline in Toronto home costs since July to 4.8 per cent, the info present.

Advertisement 4

Article content material

The Bank of Canada has held its benchmark rate of interest at 5 per cent, the very best degree since 2001, since July because it seeks to convey inflation again to its goal degree. That’s weighed on the nation’s housing market, forcing out some patrons and limiting what others can afford. High borrowing prices have additionally put monetary pressure on mortgage holders developing for renewal or people with floating-rate loans.

While Bank of Canada governor Tiff Macklem stated final month that present charges could also be excessive sufficient to tame inflation, most economists predict he gained’t begin slicing them till the center of subsequent 12 months. The central financial institution unveils its final price determination of the 12 months on Dec. 6.

“Home prices have adjusted from their peak in response to higher borrowing costs,” stated Jason Mercer, the Toronto actual property board’s chief market analyst. “As mortgage rates trend lower next year and the population continues to grow at a record pace, expect demand to increase relative to supply. This will eventually lead to renewed growth in home prices.”

Ari Altstedter, Bloomberg

Read the total story right here.

Advertisement 5

Article content material

Stock markets earlier than the opening bell

Stock market chart December 5, 2023

United States fairness contracts slid as merchants pushed again on optimistic eventualities that central bankers will reduce rates of interest in time to avert recession.

Futures signalled one other day of declines for the S&P 500, after the benchmark rose final week to its highest since March 2022 on bets the U.S. Federal Reserve would quickly pivot to financial easing. Treasury yields had been regular close to 4.2 per cent.

The S&P/TSX composite index closed down 42.66 factors at 20,410.21 on Monday.


What to observe in the present day

Shopify Inc. will host an investor day for monetary analysts and institutional traders in New York.

Kim Adair, Nova Scotia’s auditor normal, will launch her 2023 monetary report.

The Institute for Peace & Diplomacy (IPD) and the Canada West Foundation (CWF) co-host the third annual Indo-Pacific Strategy Forum (IPSF 2023) in Ottawa.

The Scotiabank Global Technology Conference takes place in San Francisco.

Patrick Doyle, government chairman at Restaurant Brands International Inc., will take part at a Morgan Stanley Global Consumer and Retail Conference in Toronto.

Advertisement 6

Article content material

Madhu Ranganathan, government vice chairman and chief monetary officer at Open Text Corp., will take part in a hearth chat on the Nasdaq Investor Conference in London, United Kingdom.

The Canadian S&P Global Services PMI for November will likely be launched at 8:30 a.m. ET.

Need a refresher on yesterday’s high headlines? Get caught up right here.

Additional reporting by The Canadian Press, Associated Press and Bloomberg

Bookmark our web site and assist our journalism: Don’t miss the business information it’s good to know — add to your bookmarks and join our newsletters right here.

Article content material

- Advertisement -
Pet News 2Day
Pet News 2Day
About the editor Hey there! I'm proud to be the editor of Pet News 2Day. With a lifetime of experience and a genuine love for animals, I bring a wealth of knowledge and passion to my role. Experience and Expertise Animals have always been a central part of my life. I'm not only the owner of a top-notch dog grooming business in, but I also have a diverse and happy family of my own. We have five adorable dogs, six charming cats, a wise old tortoise, four adorable guinea pigs, two bouncy rabbits, and even a lively flock of chickens. Needless to say, my home is a haven for animal love! Credibility What sets me apart as a credible editor is my hands-on experience and dedication. Through running my grooming business, I've developed a deep understanding of various dog breeds and their needs. I take pride in delivering exceptional grooming services and ensuring each furry client feels comfortable and cared for. Commitment to Animal Welfare But my passion extends beyond my business. Fostering dogs until they find their forever homes is something I'm truly committed to. It's an incredibly rewarding experience, knowing that I'm making a difference in their lives. Additionally, I've volunteered at animal rescue centers across the globe, helping animals in need and gaining a global perspective on animal welfare. Trusted Source I believe that my diverse experiences, from running a successful grooming business to fostering and volunteering, make me a credible editor in the field of pet journalism. I strive to provide accurate and informative content, sharing insights into pet ownership, behavior, and care. My genuine love for animals drives me to be a trusted source for pet-related information, and I'm honored to share my knowledge and passion with readers like you.

Latest Articles



Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!