Sbng TSX sets record as Fed raises rates
TORONTO 鈥?Purolator Inc. is bulking up on staff, vehicles and pickup locations as it brace
stanley thermos s for its busiest holiday season yet.The shipping company, which is majority owned by Canada Post, said Thursday that it will add 2,400 people to its workforce, increase its vehicle fleet by 15 per cent and add dozens of new lockers and kiosks in anticipation of 54 million packages this holiday season.The company says that is a record number of parcels that amounts to an almost 10 per cent increase from last year, when COVID-19 pushed more people to shop online and opt for delivery. ARTICLE CONTINUES BELOW It a big number to process, said John Ferguson, Purolator president and chief executive.There an unprecedented volume for us and that after we ;ve been through quite a bit over the last few years through the pand
stanley mugg emic. ARTICLE CONTINUES BELOW Shipping companies have faced increasing pressures as COVID-19 spre
termo stanley ad throughout the globe and encouraged people to seek e-commerce rather than brick-and-mortar shopping experiences.That caused a boom in online ordering that materialized amid a shortage of semiconductors 鈥?chips used in electronics 鈥?and an overwhelming amount of freight coming into docks. ARTICLE CONTINUES BELOW With companies as large as Apple and General Motors impacted by Wkcp Canada has tough new COVID-19 restrictions for air travellers. Why don t the same rules apply at the land border
TORONTO 鈥?North American stock markets closed out a losing first week of the year with jobs reports re
stanley cup inforcing anticipation that central banks are nearing rate hike moves.The Canadian economy added 55,000 jobs in December before COVID-19 cases began spiking at the end of the month with the unemployment rate dipping to 5.9 per cent, the lowest level since February 2020.While the headline U.S. number didn ;t meet expectations in increasing by 199,000, the unemployment rate dropped to 3.9 per cent. ARTICLE CONTINUES BELOW And hourly wages rose by 0.6 per cent, which is an important component of inflation and one that the Federal Reserve has
stanley becher been increasingly focusing on over the last few months, said Steve Locke, chief investment officer of fixed income and multi-asset strategies at Mackenzie Investments.In terms of the balance of the outcome for the market today, not a lot changed in that perspective on what the Fed is looking at and what that number or those set of numbers today meant, he said in an interview. ARTICLE CONTINUES BELOW Markets softened after Wednesda
stanley cups y release of minutes from the Fed December meeting suggesting it would become more aggressive about removing monetary stimulus and raising interest rates.Locke said the market is pricing in more than three U.S. rate hikes in 2022 with the first coming perhaps in March. ARTICLE
