Canada News
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Gildan Activewear Inc.’s drive to take market share from Berkshire Hathaway Inc.’s Fruit of the Loom and Hanesbrands Inc. has made it the best performing North American underwear stock this year.
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Ontario Premier Dalton McGuinty plans to step down after 16 years as leader of the Liberal Party and nine years governing Canada’s most populous province, according to a statement from the party today.
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Bank of Canada Governor Mark Carney said his quarterly economic forecast next week will reflect a prolonged global recovery, suggesting he may reduce his outlook and delay raising policy interest rates.
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Canada’s dollar was little changed versus its U.S. counterpart, erasing gains after Bank of Canada Governor Mark Carney said he will adjust economic forecasts to reflect a slowing global recovery, fueling speculation that he won’t raise interest rates in the short term.
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