Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.
If you have any questions, please contact Kate Hopwood at 416-507-2151 or kate.hopwood@thecanadianpress.com, or Jody White at jody.white@thecanadianpress.com. You can always reach the desk at business@thecanadianpress.com or 416-507-2138.
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COVERING:
Brett Bundale will have a story on how supply chain strength is dictating Black Friday discounts.
We’ll monitor Couche-Tard’s Q2 earnings call.
We'll also keep an eye on the CRTC hearings into the Rogers/Shaw deal. Story on merit.
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TOP STORIES:
BHP extends offer for Noront Resources
Noront-BHP
Toronto, Ontario, Canada -- BHP Lonsdale Investments Pty Ltd. is extending is takeover offer for Noront Resources Ltd. as it continues talks with a major shareholder in the company regarding support for its proposal. Words: 161
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US GDP slowed sharply in Q3 but big rebound expected in Q4
US-Economy-GDP
The U.S. economy slowed to a modest annual rate of 2.1% in the October-December quarter, slightly better than first reported. But economists are predicting a solid rebound in the current quarter as long as rising inflation and a recent uptick in COVID cases do not derail activity.
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Edmunds: Low inventory means high car prices on Black Friday
Behind-the-wheel-black-friday
This has been a tough year to buy a new or used car in America. With COVID-19 factory shutdowns, semiconductor chip shortages, rising prices and supply chain issues, it’s been nothing but bad news for car shoppers. And for those who’ve waited, hoping Black Friday sales would bring some reprieve from high prices, we’re afraid that there aren’t many bargains to speak of.
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Global shares mixed amid inflation, oil price worries
Financial-Markets
TOKYO -- Global shares are mixed as worries about inflation set off expectations the U.S. Federal Reserve might accelerate its plans to raise interest rates. Benchmarks in France, Britain and Germany are higher in early trading. Shares fell in Japan, Australia and South Korea. The Fed will release minutes later in the day from its October interest-rate meeting, potentially giving investors more details on plans to start trimming bond purchases.
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CALENDAR:
Couche-Tard Q2 call
The Green Organic Dutchman releases its third-quarter results after market close.
CP BUSINESS
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