Here are five things you need to know this morning.
Watch BNN Bloomberg live.. The price of gold is set to cap its best week in more than 13 months, on heightened fears of escalation in the Russian Ukrainian war.of US$2,706.73 an ounce this morning after Russia hit the Ukrainian city of Dnipro with a long-range ICBM – the type of missile that can deliver devastating potentially nuclear payloads across vast distances, and ones which have so far not been used in the conflagration.
would have liked. However the first big initial public offer of a Canadian company on the S&P/TSX Composite Index in almost two years is nonetheless being hailed as a success by the company and the investment banking community that made it happen. The shares were valued at $21 in the IPO and closed yesterday at $19.85, valuing the company with about 300 stores in the U.S. and Canada at about $2.1 billion.
, an encouraging sign that consumers are still feeling confident to spend. Statistics Canada reported this morning that retail sales rose 0.4 per cent to $66.94 billion in September, in line with an earlier projection and right what economists were expecting. Preliminary data for October suggests more growth of about 0.7 per cent, although only a little more than half the data has already been compiled.
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