📉Markets navigate recession fears 🏦Scotia succession surprises Bay Street ‼️ OECD cuts global growth forecast Here's what you need to know today:
It’s looking like this week will start the same way the last one ended, with futures indicating there will be losses at the start of trading in New York as recession fears persist. Once again, all roads seem to be leading to the U.S. dollar, which is stirring plenty of movement on the Bloomberg terminal’s FXC screen. Meanwhile, the British pound’s crosses are all the sharpest shade of red as traders fret the new administration’s fiscal policies.
And the S&P/TSX Composite Index heads into today’s opening bell just 152 points above its lowest closing level of the year. By the look of her Twitter feed, Amber Kanwar was gathering research material yesterday for her return to the anchor chair with ominous picture for central banks across the globe. She’ll guide our coverage of the first full hour of trading starting today.as the bank’s president and chief executive at the end of January. His successor is Scott Thomson, who has been serving as the head of Finning International, the Vancouver-based Caterpillar equipment dealer. Granted, he’s been on Scotia’s board of directors since 2016. But in early reaction this morning, Anish Chopra from Portfolio Management Corp.
, DCRD Lead Independent Director Jim McDermott lauded Hammerhead’s carbon capture and storage program, and stated “Hammerhead's course defines what will be required to be investible in oil and gas over the next decade.”late Friday that it’s going ahead with the spin-off of a 25 per cent stake in its asset management business, which will result in another addition to the Brookfield family of listings.
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