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2019 January Market Insights

 
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CBC | Business News

29/53/2020
U.S. economy notches record growth in 3rd quarter
USA-ECONOMY/

The U.S. economy grew at an unrivalled pace in the third quarter as the government poured out more than $3 trillion US worth of pandemic relief that fuelled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.

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Shopify revenue beats estimates as online boom pulls in more merchants
shopify logo generic

E-commerce firm Shopify Inc,  beat Wall Street estimates for third-quarter revenue on Thursday, as more brick-and-mortar businesses listed on its platform to tap the pandemic-driven surge in online shopping.

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Husky Energy reports $7B loss in 3rd quarter as merger partner Cenovus Energy takes $450M hit
Cenovus / Husky

Cenovus Energy Inc. reported a loss in its third quarter as its results were hit by a $450-million impairment charge related to a refinery it co-owns with Phillips 66 in Texas, while Husky Energy Inc. — which Cenovus is buying in a friendly takeover deal — reported a nearly $7.1-billion loss in its latest quarter.

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Bank of Canada says economy will likely be scarred by COVID-19 until 2023
CANADA-CENBANK/

Canada’s central bank governor, Tiff Macklem, says it will be a “long slog” to recovery as some jobs disappear for good. In light of that, he has committed to keeping interest rates at low levels until inflation climbs back to between two and three per cent.

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Shopify revenue beats estimates as online boom pulls in more merchants
shopify logo generic

E-commerce firm Shopify Inc,  beat Wall Street estimates for third-quarter revenue on Thursday, as more brick-and-mortar businesses listed on its platform to tap the pandemic-driven surge in online shopping.

More...
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.