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Fed likely to cut rates twice this year, economist saysCanada government spending growing twice the pace of revenueThe Daily Chase: New high for TSX – if only barelyCanada plans to cut temporary residents by 20% over three yearsCanadians receiving unemployment benefits up 18% from last yearBank of Canada sees quantitative tightening ending in 2025Saskatchewan pre-election budget pitches record spending, $273M deficitBoC expects to cut rates this year, governing council split on timing:...

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Honda to build EV at Ont. plant and likely add battery output, forecaster sayspHonda Motor Co. plans to build a new electric vehicle (EV) at its assembly plant in Alliston, Ont., and it will most likely mean the automaker builds an EV battery plant nearby, according to one of the industry’s foremost forecasting firms./p
Source: AutoNewsCanada - 🏆 77. / 51 Read more »

SK Innovation Cut to Junk by S&P on EV Battery Demand SlowdownSK Innovation Co.’s credit rating was cut to junk by S&P as a slowdown in demand for electric vehicle batteries and high capital expenditures are set to negatively impact its debt metrics.
Source: BNNBloomberg - 🏆 83. / 50 Read more »