Finance - TLY

Interest rates will likely stabilize around these levels: Sun Life CEO

Posted on June 12, 2023

Sun Life Financial reported earnings that topped analyst estimates on Thursday and a strong capital position that it plans to use for organic growth. (Photo by Roberto Machado Noa/LightRocket via Getty Images) Investors and businesses should get used to interest rates hovering around these levels for at least the next year, according to the head of Canada’s second-largest insurer. “I don’t believe that you’re going to see the types of increases that we saw last year where rates went up so rapidly, but I do believe that you’re going to see rates be somewhat stubborn where they are, and could…

Enbridge punches back on Line 5 challenge: ‘Nothing but counterfactual speculation’

Posted on June 7, 2023

WASHINGTON — Michigan joined the Line 5 legal fray unfolding just across state lines Wednesday as lawyers for Enbridge Inc. and an Indigenous band prepared to square off over whether the controversial cross-border pipeline should be shut down. The stage is set for oral arguments Thursday in the Wisconsin capital of Madison as a federal judge contemplates whether to order the taps turned off and the pipeline’s contents purged to forestall a watershed-fouling rupture. That hearing will now also include lawyers fighting a similar legal battle with Enbridge in Michigan, where Attorney General Dana Nessel has so far been thwarted…

How Click’s supporting Mental Health Awareness Week 2021

Posted on June 7, 2023

Click Travel firmly supports raising mental health awareness and remains committed to exploring how to best support our employees. The Employee Assistance Program has been available to all employees for many years now and we also trained a number of Mental Health First Aiders in departments across the business a few years ago and this year rolled out mental health support training for all line managers. Expanding the role of Mental Health First Aiders 1 in 4 people experience mental ill health within the UK every year (Mind UK). So we understand that inevitably, a significant portion of Click’s…

What Stellantis battery plant halt means for Canada’s EV supply chain

Posted on June 2, 2023

Breadcrumb Trail Links energy Electric Vehicles Commodities Construction of a Windsor battery plant has been ‘paused’ in a dispute over government funding. Gabriel Friedman explains what is at stake Get the latest from Gabriel Friedman straight to your inbox Signup Published May 15, 2023 • Last updated May 16, 2023 • 4 minute read Ontario Premier Doug Ford speaks at a press conference in Windsor with Prime Minister Justin Trudeau in May, 2022 when the Stellantis announced a $3.6 billion investment to retool Windsor and Brampton facilities. Photo by Dan Janisse/Postmedia Article content European automaker Stellantis AG said it would…

Erdogan Picks Market Darling Simsek to Return as Turkey’s Finance Chief

Posted on June 2, 2023

(Bloomberg) — Turkish President Recep Tayyip Erdogan will appoint Mehmet Simsek as his new treasury and finance minister, according to people with direct knowledge of the matter, bringing back an advocate of conventional economics to shore up market confidence after elections. Most Read from Bloomberg Simsek, 56, is expected to normalize economic policies after Turkey has for years pursued an unconventional approach that resulted in runaway inflation, the people said, asking not to be identified citing sensitivity of the matter. Erdogan, known for intervening heavily in monetary policy and firing officials who don’t toe the line, will need to give…

Used car markets in ‘uncharted territory’ as high prices remain sticky, Edmunds says

Posted on May 28, 2023

With the spring car-buying season in full swing, those looking for a deal in the used-car market are not likely to find one. According to a new report, “Used Market Enters Uncharted Territory Post-Pandemic,” released from car-shopping site Edmunds.com, though used car prices softened a bit recently they still remain historically high. Edmunds’ data scoured from dealer retail pricing finds that the average used vehicle transaction price in Q1 slipped 6.4% year-over-year, but is still up 44% from five years ago. “After experiencing a meteoric rise in value, used-vehicle prices have slightly inched back toward Earth with the return of…

5 Steps to the Best Travel Management Process Flow

Posted on May 28, 2023

If corporate travel management is part of your daily grind, then you probably receive dozens of emails a week with travel requests, questions about itineraries, issues booking flights, last-minute changes, cancellations, and a whole slew of scheduling complications, especially when it’s comes to group booking. Rather than answering a million emails (and risk dropping the ball or missing out on seats because you couldn’t get to the email fast enough), why not move travel management outside of your email inbox altogether? Why not track it—as in, see what trips need to be booked and finalized, which ones are ongoing, which…

Canada’s inflation surprises: What economists say

Posted on May 23, 2023

Breadcrumb Trail Links News economy The last big data before the Bank of Canada decision comes hotter than expected Published May 16, 2023 • Last updated 6 days ago • 4 minute read Gasoline prices in April rose 6.3 per cent compared to March, the largest monthly increase since October 2022. Photo by THE CANADIAN PRESS /Christopher Katsarov Article content April inflation took economists by surprise, accelerating 4.4 per cent from a year ago, instead of the forecasted 4.1 per cent. Advertisements 2 This advertisement has not been loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR…