Caterpillar Inc. also issued a 2019 profit forecast range which, at the low end, was below the average of analysts' expectations.Associated Press Caterpillar Inc. had the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment. The Deerfield, Illinois-based company also issued a 2019…
Stock
Business & Finance
With the Bank of Canada holding interest rates … just how vulnerable are Canadians to debt?
Total Canadian consumer debt including mortgages increased to nearly $1.91 trillion in the fourth quarter, up from $1.82 trillion in the fourth quarter of 2017. TORONTO — Equifax Canada says consumer delinquencies climbed higher in the fourth quarter of 2018 and the credit monitoring company warns that rising delinquency rates are likely to become the…
Funds
U.S. finance chair says steel, aluminum tariffs on Canada and Mexico should go before new NAFTA passed
Republican Senator Chuck Grassley’s finance committee is in charge of shepherding the USMCA pact to approval in the Senate.AP Photo/Carolyn Kaster WASHINGTON — Republican U.S. Senator Chuck Grassley on Wednesday called on the Trump administration to lift tariffs on steel and aluminum imports from Canada and Mexico before Congress begins considering legislation to implement the…
Bonds
Why Bitcoin may be worth another look now that the bubble’s burst and its price has settled down
Bitcoin is open source software and is more akin to the internet, so it’s a mistake to compare it to a company or a stock.Lucy Nicholson/Reuters files By Arthur Salzer One of my first brushes with Bitcoin was in May 2017 and I had just finished a TV interview at the SALT Conference (the world’s…
Commodities
Five things you should know before you start your work day on Feb. 12
Juston Herbert fixes his daughter's sandal after they've loaded the car with multiple purchases of an item to resell later for a profit.Dominic Valente / For The Washington Post Good morning! Our stories today relate to downturns, in the oil-by-rail sector, in SNC-Lavalin’s business, in one poor guy’s personal savings, and in the upcoming recession.…
Currencies
Move over oil, Big Data is the new fuel to run the world
The centrepiece of Canada’s innovation strategy is the $950-million “supercluster” initiative. The goal, according to the federal government, is for companies of all sizes, academia and the non-profit sector to collaborate on new technologies, to spur economic growth and create jobs. As part of the Innovation Nation series, the Financial Post is taking an in-depth…