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Imperial Oil’s third quarter profit falls on crude prices
FILE PHOTO: The Imperial Strathcona Refinery which produces petrochemicals is seen near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol/File Photo
The best way to break Pierre Poilievre’s media-baiting strategy: ask actual questions
Andrew Coyne
The Liberals’ immigration blueprint is unsound, and will hinder the economy it seeks to help
America is no longer the same country it was under Richard Nixon
Former President Donald Trump attends his civil fraud trial at the State Supreme Court building in Manhattan, Oct. 25, 2023. Michael CohenÕs two days of dramatic testimony provided the first glimpse of what could become a familiar scene: Trump, sitting at a defense table, watching as a lawyer who once did his bidding now cooperated with the authorities (Dave Sanders/The New York Times)
Germany, a country where the past is never far away, struggles to respond to the present moment
ONE TIME USE ONLY - - - Tomer Dotan-Dreyfus reads from Adania Shibli's novel "Minor Detail" during the PEN Berlin reading at the Frankfurt Book Fair on October 21st 2023.
Why trick-or-treat in the cold? Canada should celebrate Halloween on a different date
People go trick or treating in the rain on Halloween in Ottawa, on Thursday, Oct. 31, 2019. THE CANADIAN PRESS/Justin Tang
Russia’s central bank hikes key interest rate to 15% in bigger-than-expected rise
FILE PHOTO: A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, August 15, 2023. A sign reads: "Bank of Russia". REUTERS/Shamil Zhumatov/File Photo
Canadian ranchers brace for long, lean winter after droughts, soaring feed costs
Snow-covered cattle stand in a pasture near Didsbury, Alta., Monday, Oct. 23, 2023. It could be a long, lean winter in cattle country, as drought-ravaged western Canadian ranchers struggle to secure enough feed to get their livestock through the cold months. THE CANADIAN PRESS/Jeff McIntosh
Gas and power utility Fortis reports $394-million third-quarter profit, up from year earlier
Fortis Place in downtown St. John's, N.L., is seen on Tuesday, Feb. 9, 2016. Fortis Inc. has signed a deal to sell its 51 per cent stake in the Waneta expansion hydroelectric project in B.C. to its provincial government partners for approximately $1 billion. THE CANADIAN PRESS/ Paul Daly
British Airways-owner IAG, Air France-KLM see shares drop despite record third-quarter profits
FILE PHOTO: British Airways aircraft are seen at Heathrow Airport in west London, Britain, February 23, 2018. REUTERS/Hannah McKay/File Photo
China’s Huawei reports modest revenue growth for first three quarters of 2023
FILE PHOTO: Huawei logo is pictured on its headquarters building in Reading, Britain July 14, 2020. REUTERS/Matthew Childs/File Photo/File Photo
Tighter credit, lending conditions build case for U.S. Federal Reserve policy hold
FILE PHOTO: An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo
Survivors of Hurricane Otis in Mexico grow desperate for food, aid amid slow government response
ACAPULCO, MEXICO - OCTOBER 26: A person walks carrying goods from a looted store after hurricane Otis hit Acapulco on October 26, 2023 in Acapulco, Mexico. Otis made landfall through the coast of Acapulco in the early morning of October 25 as a category 5 storm. President Lopez Obrador reported that communications were interrupted in the city, power lines were down affecting almost a million people, infrastructure is severely damaged and the roads to the port present important damages. Authorities report 27 deceased and 4 people missing. (Photo by Oscar Guerrero Ramirez/Getty Images)
FTX founder Sam Bankman-Fried testifies in own defence, says he didn’t defraud anyone or steal funds
FILE PHOTO: Indicted FTX founder Sam Bankman-Fried exits United States Court in New York City, New York, U.S., June 15, 2023. REUTERS/Mike Segar/File Photo
Morning Update: Gaza humanitarian crisis worsens; soldiers prepare for potential Canadian evacuation
KHAN YUNIS, GAZA - OCTOBER 26: People search through buildings that were destroyed during Israeli air raids in the southern Gaza Strip on October 26, 2023 in Khan Yunis, Gaza. Two weeks after a deadly Hamas attack in southern Israel that sparked a retaliatory siege of Gaza, in which thousands have died and hundreds of thousands have been displaced, aid trucks have started entering the Palestinian territory via Egypt carrying food, water and medicines. The UN agency UNRWA, or the Relief and Works Agency for Palestine Refugees, says the initial aid is a "drop in the ocean" of what is needed. (Photo by Ahmad Hasaballah/Getty Images)
Maine mass killing suspect has been found dead, ending search that put entire state on edge
BOWDOIN, MAINE - OCTOBER 26: Law enforcement officials gather in the road leading to the home of the suspect being sought in connection with two mass shootings on October 26, 2023 in Bowdoin, Maine. Police are searching for U.S. Army Reservist Robert Card, 40, who is wanted in the shooting deaths of 18 people at a bowling alley and a bar last night in nearby Lewiston. At least 13 others were wounded in the rampage. (Photo by Joe Raedle/Getty Images)
DEI, sustainability pressures mounting on business leaders - and that’s a good thing
Experts say Canada's banking regulator is taking the right approach by signalling it won't move forward on a swath of proposals from earlier this year aimed at limiting the number of overstretched borrowers following stakeholder feedback.Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan
What About Men? unpacks the problems of the modern man
Caitlin Moran by Mark Harrison. Author
Editor’s note: Economic reconciliation is a conversation we need to have all the time
Dawn Calleja, editor of ROB magazine, Dec 2021
François Legault has concocted a threat to the French language that no one else can see
Quebec's police watchdog is investigating after a member of a provincial police tactical team shot a man suspected of making online death threats toward Premier François Legault and Prime Minster Justin Trudeau. Legault gestures as he speaks to the media on Wednesday, August 23, 2023, at the legislature in Quebec City. THE CANADIAN PRESS/Francis Vachon
This is what economic reconciliation looks like
Chief Sharleen Gale, chair of the First Nations Major Projects Coalition & chief of Fort Nelson First Nation in Stanley Park, September 2023.
Rogers lead director appeared at Trump rally, two years after chairman apologized for photo with ex-president
For Alex Posadzki story Rob Gemmell, the lead director of Rogers Communications Inc., attends a Donald Trump rally at the Mar-a-Lago on April 4, 2023, shortly after the former U.S. president’s indictment in New York. Credit NBC
Forget beach resorts. Haunted tourism is alive and thriving
The historic Empress hotel in downtown Victoria, B.C. is shown on Jan. 16, 2012. Staff have served strike notice at the Fairmont Empress, a well-known hotel and landmark in Victoria. A statement from Unifor Local 4276 says almost 500 workers are affected in several departments from guest relations, housekeeping and culinary to groundskeeping and maintenance. Strike notice expires at 8 a.m. Saturday. THE CANADIAN PRESS/Jonathan Hayward
What’s the best Canadian Halloween movie ever made? Take our arts and culture quiz to find out
The Killer. Michael Fassbender as an assassin in The Killer. Cr. Netflix ©2023.
Exxon Mobil posts $9.1-billion third-quarter profit as oil prices recover
FILE - An Exxon service station sign is seen, on April 25, 2017, in Nashville, Tenn. Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. (AP Photo/Mark Humphrey, File)
Friday’s analyst upgrades and downgrades
The large pipe at right brings in fresh air to an underground tunnel dig as a conveyor belt (LEFT) removes muck and earth as a tunnel boring machine digs its way west on Feb 2 2016.
Chevron’s third-quarter profit slumps, shares fall 6% on earnings miss
AUSTIN, TEXAS - OCTOBER 23: A Chevron gas station sign is shown on October 23, 2023 in Austin, Texas. Chevron is acquiring Hess Corp. in a $53 billion deal that will be paid with stock. The deal comes less than two weeks after Exxon Mobil shared that it would be buying Pioneer Natural Resources for approximately $60 billion. Pressure on oil prices have increased due to a number of factors including the war in Ukraine and cutbacks in oil production from Russia and Saudi Arabia. Analysts from the U.S. Energy Information Administration warn that the war between Israel and Hamas has the potential to further disrupt oil production. (Photo by Brandon Bell/Getty Images)
Amazon rallies on cloud recovery as it chases Microsoft for AI business
In this Sept. 4, 2018, file photo a Nasdaq employee monitors market activity in New York.
Oil prices up 1% after paring earlier gains on mixed Middle East reports
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
What happens when a financial adviser and their firm disagree on messaging?
Stock market or forex trading graph and candlestick chart suitable for financial investment concept. Economy trends background for business idea and all art work design. Abstract finance background.
Historian Charlotte Gray delves into the lives of the mothers of powerful men
Charlotte Gray author
Immigration Minister announces measures to combat fraud against international students
Minister of Immigration, Refugees and Citizenship Marc Miller rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Thursday, Oct. 19, 2023. THE CANADIAN PRESS/Justin Tang
Israel-Hamas war updates: Here’s what happened on Oct. 27
KHAN YUNIS, GAZA - OCTOBER 27: People search through buildings that were destroyed during Israeli air raids in the southern Gaza Strip on October 27, 2023 in Khan Yunis, Gaza. Two weeks after a deadly Hamas attack in southern Israel that sparked a retaliatory siege of Gaza, in which thousands have died and hundreds of thousands have been displaced, aid trucks have started entering the Palestinian territory via Egypt carrying food, water and medicines. The UN agency UNRWA, or the Relief and Works Agency for Palestine Refugees, says the initial aid is a "drop in the ocean" of what is needed. (Photo by Ahmad Hasaballah/Getty Images)
Amid stock and bond market volatility, the GIC outlook could hardly be brighter
Rob Carrick
Central bank trick or treat and other world market themes for the week ahead
A pedestrian walks past the Bank of Japan (BoJ) complex in central Tokyo on Oct. 4.
The close: TSX falls for eighth straight session as markets boost bets of mid-2024 BoC rate cuts
NEW YORK, NEW YORK - OCTOBER 20: Traders work on the floor of the New York Stock Exchange (NYSE) on October 20, 2023 in New York City. The Dow is on a multi day losing streak as events in Israel add to global concerns about oil prices and inflation. (Photo by Spencer Platt/Getty Images)
Global hedge funds are boosting their presence in the long-shunned Indian market
A stock trader watches share prices on his screen at a brokerage house in Mumbai on July 26, 2018.
Chief risk officers have their work cut out for them
Rita Trichur
When was Toronto luxury condo tower The One supposed to be finished? Take our business quiz
The One condominium and hotel is pictured under construction at the intersection of Yonge St. and Bloor St in Toronto, on Monday, Oct. 23, 2023.
The new fan clubs: more informal, more unofficial
Fans watch the Toronto Raptors play against the Chicago Bulls during NBA action outside at a tailgate in the square outside Scotiabank Centre, in Toronto on Wednesday, April 12, 2023. Toronto will open its season at home against the Minnesota Timberwolves on Oct. 25. It’s the 12th straight season the Raptors open will open the regular season at Scotiabank Arena. THE CANADIAN PRESS/Arlyn McAdorey
Show me a rental cube van and I’ll show you someone who shouldn’t be driving one
Andrew Clark
Canada’s CF-18 fighter jet force ‘in crisis,’ new study funded by DND says
A Royal Canadian Air Force (RCAF) CF-18 Hornet pilot prepares to perform at the Aero Gatineau Ottawa airshow in Gatineau on Friday, September 15, 2023. THE CANADIAN PRESS/ Patrick Doyle
Why can’t Israelis and Palestinians make a deal? Too much history, and not enough geography
Tony Keller
For investors with ‘home-country bias,’ global ETFs offer growth prospects
To avoid concentration risk, consider international equities as part of a portfolio’s calculations.
The drama over Alberta’s plan to exit the Canada Pension Plan
Podcast
Podcast logo for The Decibel, the daily show from The Globe and Mail.
This money manager is bulking up on short-term bonds ahead of a ‘hard landing’ for the economy
illustration of Bryden Teich for The Mover. June 18, 2022. Illustration by Joel Kimmel
‘The rest of the country doesn’t deserve Alberta.’ Leaving the Canada Pension Plan? Plus other letters to the editor for Oct. 27
Prime Minister Justin Trudeau meets with Alberta Premier Danielle Smith as Canada's premiers meet in Ottawa on Tuesday, Feb. 7, 2023 in Ottawa. THE CANADIAN PRESS/Sean Kilpatrick
The Globe and Mail Bestsellers for the week of Oct. 28, 2023
Books on the shelves
Asian shares track U.S. futures higher, bonds hold gains
Currency traders watch their computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Friday, Oct. 27, 2023. Asian shares advanced Friday after the latest tumble on Wall Street, where the S&P 500 fell to its lowest level in five months. (AP Photo/Lee Jin-man)
Interest rates, volatility spark renewed interest in annuities
Asia stock trader agent or Sale tax loan broker advice brief and point hand to graph report talk to client at office desk show budget chart data or legal result on claim form. Trust will in work plan.
NBA looking into facts behind Harden’s absence from 76ers’ nationally televised opener in Milwaukee
Philadelphia 76ers guard James Harden, left, greets Brandon Chinn, 76ers Director of Basketball Communications, during the NBA basketball team's practice on Thursday, Oct. 5, 2023, in Fort Collins, Colo. (AP Photo/David Zalubowski)
Oil rises more than $1 on fears of spread of Middle East conflict
The Chevron Products Company El Segundo refinery is seen on Monday, Oct. 23, 2023, in El Segundo, Calif. Chevron is buying Hess Corp. for $53 billion and it's not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. (AP Photo/Ashley Landis)
Quick makes 32 saves for the shutout as Rangers blank Oilers 3-0
Oct 26, 2023; Edmonton, Alberta, CAN; New York Rangers goaltender Jonathan Quick (32) makes a save on a shot by Edmonton Oilers forward Ryan Nugent-Hopkins (93) (not shown) during the first period at Rogers Place. Mandatory Credit: Perry Nelson-USA TODAY Sports
Josh Allen gets Bills off to fast start in 24-18 win over Buccaneers
ORCHARD PARK, NEW YORK - OCTOBER 26: Josh Allen #17 of the Buffalo Bills carries the ball against the Tampa Bay Buccaneers during the third quarter of the game at Highmark Stadium on October 26, 2023 in Orchard Park, New York. (Photo by Timothy T Ludwig/Getty Images)
Download the November 2023 edition of Report on Business magazine
Your daily horoscope: October 27
Scorpio.
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