Living Standards Fall to 2004 Levels in Canada’s Oil Province
Canada’s oil-rich province of Alberta saw its economy shrink to 2004 levels on a per-person basis as the region’s population swelled, according to economist Charles St-Arnaud.
Canada’s oil-rich province of Alberta saw its economy shrink to 2004 levels on a per-person basis as the region’s population swelled, according to economist Charles St-Arnaud.
The owners of power-plant giant Calpine Corp. are considering options that include a sale, an initial public offering or a stake divestment that would value the company at $30 billion including debt, Reuters reports.
Shares of Arbor Realty Trust Inc., a lender to apartment buildings, dropped as much as 6% after Viceroy Research accused the firm of fraud in its latest report.
Mexico’s central bank kept borrowing costs unchanged Thursday after inflation reaccelerated last month, taking the remote possibility of a second straight interest rate cut off the table.
Private credit managers are bracing for an uptick in stress across corporate America as higher interest rates for longer mean some companies will struggle with their debt loads.
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