Bank of Canada signals rate hike pause: Here are the week's top 7 stories

Bloomberg

(Bloomberg) -- Most Read from BloombergAdani Rout Crosses $51 Billion as Stocks Plunge by Daily LimitsPutin Plans New Ukraine Push Despite Losses as He Prepares for Years of WarAmericans Fall Behind on Car Payments at Higher Rate Than in 2009Adani Faces One of Worst Billionaire Wipeouts With Empire Under SiegeWe Asked ChatGPT to Make a Market-Beating ETF. Here’s What HappenedUkraine’s president slammed a plan by the International Olympics Committee to consider allowing Russian and Belarusian ath

CBC

The news for P.E.I. consumers on petroleum product prices was all bad Friday morning. The weekly price review from the Island Regulatory and Appeals Commission saw prices rise for everything. The maximum price for heating oil was up 7.3 cents to $1.72 cents per litre. The minimum price at the pump for gas was up 5.8 cents to $1.71 per litre. The minimum price at the pump for diesel was up 8.1 cents to $2.26 per litre. Even the normally steady price of propane saw a significant increase, up an av

Bloomberg

(Bloomberg) -- Stock-market investors are looking to earnings next week from Apple Inc., Amazon.com Inc. and Meta Platforms Inc. for signs of whether Wall Street’s projections are too optimistic as the US economy cools.Most Read from BloombergPension Funds in Historic Surplus Eye $1 Trillion of Bond-BuyingAdani’s Detailed Hindenburg Reply Now Said to Be Post-Share SaleAdani Rout Crosses $51 Billion as Stocks Plunge by Daily LimitsA Billionaire’s Luxury Development Fuels Fight Over Texas Hill Cou

Bloomberg

(Bloomberg) -- US manufacturing showed more signs this week of succumbing to the Federal Reserve’s aggressive interest-rate hikes that are taking a bigger bite out of demand and risk upending the economic expansion.Most Read from BloombergPension Funds in Historic Surplus Eye $1 Trillion of Bond-BuyingAdani’s Detailed Hindenburg Reply Now Said to Be Post-Share SaleAdani Rout Crosses $51 Billion as Stocks Plunge by Daily LimitsA Billionaire’s Luxury Development Fuels Fight Over Texas Hill Country

CNW Group

Ontario Power Generation (OPG) has partnered with GE Hitachi Nuclear Energy, SNC-Lavalin, and Aecon to construct North America's first Small Modular Reactor (SMR) at the Darlington New Nuclear Project site.

Reuters

Morgan Stanley's infrastructure investment arm informed the board of German renewables firm PNE AG that it is no longer pursuing talks with potential buyers of Photon's PNE stake, PNE said in an adhoc statement on Friday. Morgan Stanley Infrastructure Partners (MSIP) which acquired the PNE stake following a failed takeover attempt in 2020, was weighing a sale last October, Reuters reported at the time. Photon, which is controlled by Morgan Stanley, is PNE's largest shareholder.

Reuters

Four Airbus A350F full freighter aircraft, which are expected to be delivered in the second half of 2026, will be operated by Martinair on behalf of KLM Cargo and based out of Schiphol airport in Amsterdam. "I am delighted to announce that KLM and Air France's cargo divisions will soon operate the quietest and most advanced full freighter aircraft available on the market," the group's CEO Benjamin Smith said in a statement.