Reports Financial News

By Stephen Culp

A new report says more Canadian businesses are missing debt payments.

Today is CPI day, and financial markets are eagerly anticipating the release of both CPI and Core CPI, covering monthly and annual changes.

Inflation declined slightly last month on the back of weaker prices at the gasoline pump and a broader easing of price pressures throughout the U.S. economy, experts said.

housing plan to ignite the pace of home construction in Canada.Housing Minister Sean Fraser on Tuesday confirmed Global News’ report from Monday that the minority Liberals were taking the nearly 80-year-old program off the shelf and revamping it.The program, which was run by what was at the time known as Wartime Housing Ltd., provided standardized housing blueprints to builders.“In many instances, these homes were being built in a period of about 36 hours, and we intend to take these lessons from our history books and bring them into the 21st century,” Fraser told reporters in Ottawa.“We are going to be moving forward with a catalogue of pre-approved designs at the federal level.”Fraser added the government will begin consultations on the matter in January, with the goal to have them available for developers next fall.The program from Wartime Housing and its successor, Canada Mortgage and Housing Corp.

Former Federal Reserve Bank of St. Louis James Bullard provides insight on the state of the economy on 'The Claman Countdown.'

The supply of Ether has hit a new low since the historic Shanghai upgrade of the Ethereum (ETH) network, witnessing a decline of more than 309,500 coins since September last year. 

Officials with the Montreal borough of Saint-Laurent confirm a snowplow involved in an incident last week after a major snowfall is owned by an operator that they contract out to.

Bain Capital is likely to sell a minor stake worth Rs 3,700 crore in Axis Bank through a block deal on Wednesday, according to media reports. Entities owned by the private equity firm are likely to sell 3.34 crore shares, representing 1.1% stake in the lender. The floor price for the sale has been set at Rs 1,109 a share, a discount of about 2% from the current market price.

yields drifted lower in choppy trading after data showed underlying inflation in the world's largest economy came in line with expectations, reinforcing expectations the Federal Reserve will hold rates steady at the end of the two-day policy meeting this week. The decline in yields, however, was much steeper immediately after the release of the data. In morning trading, the benchmark U.S.

Railway Minister Ashwini Vaishnaw has informed Rajya Sabha. The Western Dedicated Freight Corridor connecting Jawaharlal Nehru Port Terminal to Dadri passes through Ahmedabad, Gandhinagar, Mehsana, Patan, Banas Kantha, Anand, Kheda, Vadodara, Bharuch, Surat, Valsad and Navsari districts in Gujarat, he said last Friday.

Mohan Yadav, who was picked as the new chief minister of Madhya Pradesh by BJP MLAs on Monday, will take oath on Wednesday at Lal Parade Ground in the state capital Bhopal. Prime Minister Narendra Modi, Union Home Minister Amit Shah, chief ministers of BJP-ruled states, and other senior leaders of the party will attend the swearing-in ceremony, Madhya Pradesh BJP chief Vishnu Dutt Sharma said. "Prime Minister Modi ji, Union Home Minister Amit Shah, BJP president J P Nadda, several chief ministers of the BJP-ruled states and central ministers, among others, will attend the oath-taking ceremony," Sharma told reporters after taking stock of the preparations for the event.

Google is gearing up to upgrade its Messages app with a feature that has become a standard in messaging platforms like WhatsApp and iMessage. Recent reports suggest that the American tech giant may soon roll out a message-editing feature, allowing users to make changes to sent texts. While the company has not officially confirmed this development, clues from the beta version of the app indicate a potential shift toward a more user-friendly messaging experience.

Travis Kelce is said to be preparing an extravagant celebration for Taylor Swift's upcoming 34th birthday, aiming to throw the ultimate party for the 12-time Grammy winner. According to a source speaking to US Weekly, it appears that «money is no object» when it comes to signing the deal.

GST dues of any state are pending before it and that some state governments have not submitted AG's authenticated certificate for release of their share of funds. The narrative that GST dues are pending from the Centre is not correct and is a «misnomer» as states have not submitted AG's report, Union Finance Minister Nirmala Sitharaman said replying to a supplementary question in Rajya Sabha. «It is important to understand that if the AG's (accountant general) certification is (mandatory)… If the AG's certificate does not reach us, we can not clear,» she said.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Tuesday said he will «rather die» than asking something for himself from his party. He will carry out whatever task the Bharatiya Janata Party gives him, said the four-term chief minister who would soon be replaced by Mohan Yadav following the party's resounding victory in the last month's assembly elections. «I wanted to say humbly that I would rather die than go (to Delhi) and ask for something for myself, this is not what I do,» Chouhan told reporters here to a question.

Coal India on Tuesday reported a 7.6% year-on-year increase in its capital expenditure (capex) for the April-November period to ₹10,492 crore, reflecting its intensified efforts to bridge the investment gap. The company has deployed a significant portion of FY24's targeted capex of ₹16,500 crore for transport infrastructure projects, totalling ₹6,441 crore. “We are striving to achieve around 80% of the current financial year’s total targeted capex of ₹16,500 crores by the third quarter ending December," said a company statement quoting a senior executive.

New York Times, the CEOs include Meta chief Mark Zuckerberg and Dropbox’s Drew Houston. “Sam is out," was the first text on the WhatsApp group immediately after the sacking on OpenAI chief was announced. What followed was a long round of deliberations which included top leadership of Microsoft like CEO Satya Nadella and CTO Kevin Scott.

Also Read: Russian President Vladimir Putin to run for elections, 'as a military leader of a country at war’ India purchased Russian oil at an average price of about $81.24 per barrel in September, according to Reuters' based on the latest data posted on the Trade Ministry's website. India's intake of Russian oil could rise on softening prices, a government official said last week. The price of Russia's flagship grade Ural in Baltic ports has plunged since late November below the $60/barrel ceiling.

Praj Industries, Dhampur Sugar and Dwarikesh Sugar have been seen massive decline between 15-20% in the past week, following government’s instruction to sugar mills not to utilize sugarcane juice and syrup for ethanol production in the upcoming 2023-24 season. The shares of Balrampur Chini were down 1.89% to ₹389.50 per share on Tuesday, December 12, meanwhile, Praj Industries closed at ₹545.95 apiece, Dhampur Sugar shares were trading 0.53% lower and Dwarikesh Sugar shares ended at ₹86.50 per share.

Also Read: US Federal Reserve December Meet: See date, timing, and schedule details here An upbeat US jobs report last week dampened expectations the Federal Reserve could cut interest rates as soon as March. The US consumer Price Index (CPI) report. Economists polled by Reuters expect US headline inflation to be flat for November and core inflation to be steady at an annual pace of 4 per cent - well above the Fed's 2 per cent target.