Nov Financial News

Enbridge Inc. has cancelled plans to build a natural gas pipeline project in northern British Columbia that was once touted as a key supply route for liquefied natural gas (LNG) export terminals near Prince Rupert.

The Canada Post strike, now in its third week, is set to cost Canada’s small- and medium-sized businesses more than $1 billion by Wednesday, according to the Canadian Federation of Independent Business (CFIB). The prolonged labour dispute, which began on Nov. 15, has paralyzed operations at the Crown corporation, disrupting supply chains and dealing a significant blow to small businesses during the critical holiday season.

Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday said it has handled 36 million metric tonnes (MMT) of cargo in November 2024. The company in a regulatory filing said that the container segment registered a growth of 21 per cent growth. APSEZ said in the eleven month of 2024, it handled 293.7 MMT cargo, registering a 7 per cent growth compared to the same period last year. The company's logistic rail volume also rose 10 per cent in the eleven months of 2024 to 4.2 lakh twenty-foot equivalent unit (TEUs).

Canada Post says it has presented a new framework that it hopes will “reignite discussions” with the union representing 55,000 striking workers.In a statement Sunday, the Crown corporation said the framework is “comprehensive” for reaching a negotiated agreement with the Canadian Union of Postal Workers, whose members walked off the job more than two weeks ago.“The framework includes proposals to bring greater flexibility to the Corporation’s delivery model, while also demonstrating movement on other key issues,” Canada Post said.“It is our hope that these proposals will reignite discussions and, together with the support of mediators, help the parties work toward final agreements.”It added it will not be providing further details outside the negotiation process at this time.The 55,000 workers walked off the job on Nov. 15 over wages and working conditions.

Indian tycoon Gautam Adani says his conglomerate is committed to “world-class regulatory compliance" after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surf...

Cucumbers shipped to 13 U.S. states and five Canadian provinces and organic eggs sold in 25 Costco stores in five southern U.S. states have been recalled because of potential salmonella contamination

After weeks of pushing early deals, retailers in the United States and some other countries are promising bigger discounts on Black Friday

Overseas investors are finding opportunities in India despite record outflows from local shares last month, signaling potential in specific sectors. Industrials, health-care and telecommunication stocks have drawn net inflows of about $3 billion each this year through Nov. 15, according to data from the National Securities Depository Ltd. That’s in contrast to overall withdrawals of over $2 billion in the period, following an unprecedented wave of selling in October.

After weeks of plugging increasingly inviting discounts, retailers in the United States and several other countries are preparing for prime time

Oreshnik hypersonic missile to attack «decision-making centres» in Kyiv in response to Ukraine's firing of Western missiles at Russian territory, President Vladimir Putin said on Thursday. Russia has not so far struck Ukrainian government ministries, parliament or the president's office in the course of the 33-month war. Kyiv is heavily protected by air defences, but Putin says the Oreshnik, which Russia fired for the first time at a Ukrainian city last week, is incapable of being intercepted — a claim greeted with scepticism by Western experts.

index breached its 20 DEMA in today's session, which indicates a downside breakout of the range movement of the last few sessions. The huge opening upside gap of 25th November has been filled and the Nifty closed around the gap support of 23,900 levels. On the downside, the index will find immediate support near 23,800, followed by 23,560, which is the 200-Days exponential moving average (DEMA) support level. The index is still facing strong resistance near 24,350-24,360 levels. As long as the index persists below 24,360, traders should focus on booking profits on the bounce and wait for a fresh breakout, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.

From Toronto-Dominion Bank’s growth restrictions to Donald Trump’s election in the United States to the drastic reduction in immigration numbers in Canada, a lot has changed since the Big Six banks’ last quarterly earnings release in August.

Subscribe to enjoy similar stories. Elon Musk’s influence over federal spending will flow through a White House budget office that helps develop regulations that affect his business empire. President-elect Donald Trump has asked Musk, chief executive officer of Tesla and SpaceX, and Vivek Ramaswamy, the biotech entrepreneur who ran for president, to open a Department of Government Efficiency that will suggest ways to cut spending.

Oil prices edged lower in Asian trading on Thursday, after a surprise jump in U.S. gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand in the top consumer of the motor fuel. Brent crude futures fell by 4 cents, or 0.1%, to $72.79 per barrel by 0220 GMT, while U.S. West Texas Intermediate crude futures were a cent lower at $68.71 a barrel.

Subscribe to enjoy similar stories. Doug Burgum, Chris Wright, Linda McMahon and Brendan CarrVivek Ramaswamy and Elon MuskMarco Rubio and Mike WaltzTulsi Gabbard and Pete HegsethLori Chavez-DeRemerRobert F. Kennedy Jr.

Three people were killed and one seriously injured when a Tesla Cybertruck crashed and caught fire in Northern California

Two neighbors of a Kentucky plant that was the site of a massive explosion are suing the company

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows

Mediation between Canada Post and its postal workers has been temporarily suspended by the special federal mediator, as the parties “remain too far apart,” the federal labour minister said Wednesday as the nationwide mail strike reaches its thirteenth day.

unemployment benefits fell again last week, but many laid-off workers are experiencing long bouts of joblessness, keeping the door open to another interest rate cut from the Federal Reserve in December. Initial claims for state unemployment benefits dropped 2,000 to a seasonally adjusted 213,000 for the week ended Nov. 23, the Labor Department said on Wednesday. The report was published a day early because of the Thanksgiving holiday on Thursday. Economists polled by Reuters had forecast 216,000 claims for the latest week. Claims have retreated from the near 1-1/2-year high seen in early October, which was the result of hurricanes and strikes at Boeing and another aerospace company.

Airlines received 994 hoax bomb threats this year till November 13 and robust protocols are in place to handle such threats, the government has said. To deal with the menace of hoax calls in a comprehensive manner, the civil aviation ministry plans to amend the Suppression of Unlawful Acts against Safety of Civil Aviation Act, 1982, and Aircraft (Security) Rules, 2023. A total of 1,143 hoax bomb threat messages/calls were received from August 2022 till November 13, 2024, Minister of State for Civil Aviation Muralidhar Mohol informed Rajya Sabha on November 25.