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Market news | LesAffaires.com


Stellantis looks to India to produce affordable EVs for Europe. (Photo: 123RF)

NEWS ESSENTIALS

• The Bank of Canada must raise its rates further to reduce inflation. Bank of Canada Governor Tiff Macklem said during testimony in the House of Commons on Wednesday that inflation in Canada remains too high and higher interest rates will still be needed to slow the economy overheating.

• The Deputy Governor of the Bank of England wants more rate hikes. Bank of England Deputy Governor Dave Ramsden has come out in favor of further interest rate hikes, but said he would consider reducing them if the economy and inflationary pressures develop differently than this. that he foresees.

• The American FTC would try to block the purchase of Activision by Microsoft in progress. The U.S. FTC is likely to file an antitrust lawsuit to block Microsoft’s US$69 billion takeover bid for video game maker Activision Blizzard, Politico reported Wednesday, citing people well fact of the file.

• Stellantis looks to India to produce affordable EVs for Europe. Fiat’s parent company, Stellantis, has concluded that it cannot currently manufacture affordable electric vehicles in Europe and is considering lower-cost production in markets like India, according to the company’s chief executive. ‘company.

• Barrick sued in Ontario for alleged murders and abuse in Tanzania. A group of 21 Tanzanian nationals filed a lawsuit in Canada on Wednesday alleging that Barrick Gold, the world’s second-largest gold producer, was complicit in extrajudicial killings by police near its North Mara mine.

TRENDS BEFORE OPENING

Futures contracts for Canada’s main stock index are up slightly, following the trend seen on European stock markets after the minutes of the US Federal Reserve meeting suggested that the rise in interest rates in the United States United will slow down soon. In Asian markets, the Japanese Nikkei is up after gains on Wall Street after the close, while Chinese stocks fell after Beijing reported a record number of COVID-19 cases. The US dollar is slightly ahead against the Canadian currency and gold prices are up. Oil prices fell after the G7 proposed price caps for Russian oil that are higher than current levels, allaying fears of a supply crunch.

MAIN INDICATORS ON THE AGENDA

08:30 Average weekly salary, var. annual (September): previous 3.2%

PUBLICATIONS OF RESULTS

November 24

Calian Group: Q4 earnings per share forecast of $0.97

COUPON SECONDMENTS

Corby Spirit and Wine: $0.22 amount

Pembina Pipeline: $0.21 amount

Silvercorp Metals: amount of US$0.01

Vecima Networks: $0.05 amount

Western Forest Products: $0.01 amount

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