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Canadian dollar set to rally over coming 12 months as analysts eye more BoC rate hikes
The value of the loonie is at a four-month low compared with the U.S. dollar, but experts say Canadian consumers shouldn't expect their wallets to take a major hit. Canadian dollars are pictured in Vancouver, Sept. 22, 2011.THE CANADIAN PRESS/Jonathan Hayward
Diageo’s long-time boss Ivan Menezes dies after brief illness
FILE PHOTO: FILE PHOTO: Ivan Menezes, CEO of Diageo, speaks to guests during the annual Reuters IMPACT summit in London, Britain October 3, 2022. REUTERS/Maja Smiejkowska/File Photo
Bank of Canada raises key interest rate to 4.75%, the highest level in 22 years. Here’s what’s next
Governor of the Bank of Canada Tiff Macklem holds a press conference at the Bank of Canada in Ottawa after the release of the 2023 bank's financial system review on Thursday, May 18, 2023. THE CANADIAN PRESS/ Patrick Doyle
Turkish lira drops 7% to record low, signaling move toward free market
A worker counts Turkish liras banknotes in an exchange currency shop in Istanbul, Turkey, Tuesday, May 2, 2023. The Turkish lira tumbled to fresh record lows on Wednesday June 7, 2023 extending its slide against the dollar since President Recep Tayyip Erdogan won a third presidential term in elections last month. (AP Photo/Francisco Seco)
Prices and low inventory holding back sellers
The Ritz Carlton Residences handout
The only thing worse than a legal borrowing limit is no legal borrowing limit
Andrew Coyne
Millions take China’s gruelling college-entrance exams amid rising unemployment
A traffic police officer high fives students as they arrive for the first day of the National College Entrance Examination (NCEE), known as "gaokao", in Yantai, in China's eastern Shandong province on June 7, 2023. (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)
Dollarama sales, profit jump as inflation keeps driving consumers to discount stores
The Dollarama store on the south east corner of Peter St. and Adelaide St. West, is photographed on Mar 14, 2023. Ontario, (Fred Lum/The Globe and Mail)
Tim Hortons to launch credit card that can be used through mobile rewards app
Tim Hortons is launching a no-annual-fee credit card in the coming months that can be used through its mobile app. Tim Hortons signage is pictured in Ottawa on Wednesday Sept. 7, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Gunman who opened fire after Virginia high school graduation targeted graduate, police say
Police cars block off the street near the Altria Theater on the campus of Virginia Commonwealth University in the hours after a shooting, Tuesday, June 6, 2023, in Richmond, Va. (AP Photo/Hilary Powell)
Former U.S. vice-president Mike Pence opens 2024 presidential bid with denunciation of Trump over Jan. 6 insurrection and abortion
Former U.S. Vice President Mike Pence publicly announces and kicks off his campaign for the 2024 Republican U.S. presidential nomination, at a Future Farmers of America "enrichment center" in Ankeny, Iowa, U.S. June 7, 2023. REUTERS/Jonathan Ernst
Britain’s advertising watchdog bans some Shell renewable energy commercials
FILE PHOTO: A view shows a board with the logo of Shell at the company's fuel station in Saint Petersburg, Russia May 6, 2022. REUTERS/Anton Vaganov
Morning Update: David Johnston says China interference findings may have been based on incomplete intelligence
David Johnston, special rapporteur on foreign interference, appears at a Parliamentary Committee Meeting on Parliament Hill in Ottawa June 6, 2023. Blair Gable
A behind-the-scenes look at how your airplane food is made at YYZ
Gategroup food prep. Gategroup is the leading global airline catering, retail onboard and equipment solutions provider with the largest global network in the aviation industry.
The eyes of the world are upon Ukraine
A pedestrian walks past communal employees working on a site of an overnight explosion in the centre of Kharkiv on June 6, 2023, following missile strike, amid the Russian invasion of Ukraine. (Photo by SERGEY BOBOK / AFP) (Photo by SERGEY BOBOK/AFP via Getty Images)
Indigenous farmers can teach world about food resilience, head of UN rural agency
In this picture taken on June 5, 2023, a worker sifts through grain at a mill in Maaret Misrin, north of Idlib in rebel-held northwestern Syria. (Photo by Aaref WATAD / AFP) (Photo by AAREF WATAD/AFP via Getty Images)
Pope Francis has scar tissue removed, hernia repaired during 3-hour abdominal surgery
FILE - In this file photo dated Sunday, July 11, 2021, Pope Francis appears on a balcony of the Agostino Gemelli Polyclinic in Rome. Pope Francis went to the hospital Wednesday to undergo abdominal surgery to treat an intestinal blockage, two years after he had his colon removed 33 centimeters (13 inches) because of inflammation and narrowing of the large intestine. (AP Photo/Alessandra Tarantino, FILE)
China’s exports tumble in May as global demand falters
A crane lifts a shipping container at an automated port in Tianjin, China, Monday, Jan. 16, 2023. China's exports fell 7.5% from a year ago in May, 2023, and imports were down 4.5%, adding to signs an economic recovery is slowing. (AP Photo/Mark Schiefelbein)
OECD sees limited economic growth pick-up as rate hikes weigh
FILE PHOTO: Outside view of the Organization for Economic Co-operation and Development, (OECD) headquarters in Paris September 3, 2009. REUTERS/Charles Platiau/File Photo
Oil prices rise as Saudi output cuts outweigh weak demand signals
MIDLAND, TEXAS - MARCH 11: An oil pumpjack works in the Permian Basin oil field on March 11, 2022 in Midland, Texas. United States President Joe Biden imposed a ban on Russian oil, the world’s third-largest oil producer, which may mean that oil producers in the Permian Basin will need to pump more oil to meet demand. The Permian Basin is the largest petroleum-producing basin in the United States. (Photo by Joe Raedle/Getty Images)
Real estate experts propose mixed-use solutions for high-end retail spaces vacated by Nordstrom
A shoppers browses through Nordstrom Rack in Toronto, Ont., on Friday, March 3, 2023, following the news the department store will be closing all Canadian Nordstrom and Nordstrom Rack locations. Tijana Martin/ The Globe and Mail
Washington State defies its neighbours and moves to enact new laws against drugs
The U.S. and Washington flags fly at Peace Arch Historical State Park in Blaine, Wash., across the Canada-U.S. border from Surrey, B.C., on Saturday, December 19, 2020. With the Canada-U.S. border closed to all but essential travel due to COVID-19, people meet in the U.S. park due to a treaty signed in 1814 that allows citizens of Canada and the U.S. to unite in the park without technically crossing any border. Darryl Dyck/The Globe and Mail
Ukraine wary of floating mines, disease spreading after Kakhovka dam collapse
A local resident carries belongings during an evacuation from a flooded area in Kherson on June 7, 2023, following damages sustained at Kakhovka hydroelectric power plant dam. Ukraine was evacuating thousands of people on June 7 after an attack on a major Russian-held dam unleashed a torrent of water, inundating two dozen villages and sparking fears of a humanitarian disaster. (Photo by ALEKSEY FILIPPOV / AFP) (Photo by ALEKSEY FILIPPOV/AFP via Getty Images)
The close: TSX down after Bank of Canada rate hike; U.S. markets mixed
A sign board displays the TSX level in Toronto, Friday, June 4, 2021. THE CANADIAN PRESS/Frank Gunn
What every Canadian investor needs to know today
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 30, 2023. REUTERS/Brendan McDermid
How much money do I need to take a career break?
Sonia Datta, who is taking a year off work, is photographed with Chewie, her seven year old Morkie (Maltese Yorkshire Terrier mix) at Toronto’s Music Garden on May 31,2023. (Fred Lum/The Globe and Mail)
Canada’s unprecedented wildfire season
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To find great leaders we must stop focusing on performance
Two women at a meeting with a financial advisor
How to prepare for buying a home other than qualifying for a mortgage
Investment istock
Why the AI boom is not a dot-com redux
This illustration picture shows the AI (Artificial Intelligence) smartphone app ChatGPT surrounded by other AI App in Vaasa, on June 6, 2023. (Photo by OLIVIER MORIN / AFP) (Photo by OLIVIER MORIN/AFP via Getty Images)
‘Do they look back to 1933 and the Great Depression for the ideal scenario?’ More rate hikes? Plus other letters to the editor for June 7
David Johnston, special rapporteur on foreign interference, appears at a Parliamentary Committee Meeting on Parliament Hill in Ottawa June 6, 2023. Photograph by Blair Gable
Bottomless supply? Concerns of limited Canadian hydropower as U.S. seeks to decarbonize grid
The Hydro-Quebec Beauharnois hydroelectric generating station on the Saint Lawrence River in Beauharnois, Quebec, Canada, on Thursday, Oct. 14, 2021. Hydro-Quebec has proposed construction of a 1.25 gigawatt transmission line from southern Quebec to Astoria, Queens, known as the Champlain Hudson Power Express, the Financial Post reports. Photographer: Graham Hughes/Bloomberg via Getty Images
Your daily horoscope: June 7
Gemini.
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