Ad Behind the Markets
By Mrinalika Roy (Reuters) – From cannabis-infused flowers to edible weed gummies, marijuana companies are pulling out all the stops as they eye bumper sales on April 20 – a day referred to as “4/20” in weed culture. Industry insiders expect highest single-day sales ever for the cannabis sector on Thursday even as the industry…
By Allison Lampert and Rajesh Kumar Singh (Reuters) -A technology failure that temporarily halted all departures of Southwest Airlines Co flights on Tuesday is raising fresh concerns about the resiliency of the U.S. carrier’s IT infrastructure, industry experts and the carrier’s pilots’ union said on Wednesday. The Dallas-based carrier has blamed the hour-long outage on…
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates. The dollar index, which tracks the currency against…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -About 155,000 federal workers in Canada walked off the job on Wednesday after failing to reach a deal for higher wages and work-from-home guarantees, a strike that affects a range of public services from tax returns to passport renewals. The Public Service Alliance of Canada (PSAC) union…
By Ismail Shakil OTTAWA (Reuters) – About 155,000 federal workers in Canada walked off the job on Wednesday after failing to reach a deal for higher wages and work-from-home guarantees, a strike that affects a range of public services from tax returns to passport renewals. The contract negotiations cover two main groups of employees: 120,000…
By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group hit $6.1 billion on Wednesday, a 45% increase from 14 days ago, according to data provider ORTEX’s calculations, one day ahead of the Canadian lender’s annual general meeting. Analysts attributed the short bets to the TD’s planned acquisition of U.S. lender…
By Fergal Smith TORONTO (Reuters) -Canadian housing starts fell more than expected in March, contributing to a slower trend in recent months that follows a rapid increase in borrowing costs, data from the national housing agency showed on Wednesday. The seasonally adjusted annualized rate (SAAR) of housing starts fell 11% to 213,865 units from a…
By Clara Denina and Yadarisa Shabong LONDON (Reuters) -Glencore has told Teck Resources shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table. In an open letter on Wednesday, Glencore said it would consider taking the…
By Ismail Shakil (Reuters) – A union representing some 155,000 public sector workers in Canada called for a strike starting on Wednesday after failing to reach a new wage deal with the federal government, setting up a walkout that could affect tax filings and passport services. The Public Service Alliance of Canada (PSAC) union, which…
(Reuters) -Transport Canada said on Tuesday Hyundai Auto Canada Corp pleaded guilty to six different counts of criminal charges for violating the Motor Vehicle Safety Act. Hyundai Auto Canada failed to send out notices of safety defect within the prescribed time period of 60 days, the statement said, and the company will pay a fine…
