Categories Finance

Canada manufacturing sales for December 0.3% vs 0.7% expected

Prior month 0.8% Wholesale trade for December -0.2% vs 0.2% expected Prior month -0.2% Manufacturing sales increased for the third consecutive month, rising 0.3% to $71.4 billion in December, with gains in 12 of 21 subsectors. Higher sales of petroleum and coal (+3.4%), food products (+1.9%), and primary…

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Categories Finance

Canadian consumer spending struggled in January – RBC

I’m finding the Canadian consumer spending tracker from RBC to be a valuable look at the health of Canadian shoppers. We won’t get the retail sales report until next Friday but today I noted some poor same-store sales numbers from Canadian Tire. Now, the latest report from RBC…

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Categories Finance

USDT Issuer Tether Acquires Stake in Football Club Juventus

Tether, the cryptocurrency firm behind the $140 billion USDT stablecoin, said on Friday it has invested in Italian football club Juventus FC. The firm’s investment arm, Tether Investments, acquired a minority stake in the sports club, according to a press release shared with CoinDesk. “Aligned with our strategic…

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