UPDATE 1-Bank of Canada says economy facing prolonged, uneven recovery

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UPDATE 1-Bank of Canada says economy facing prolonged, uneven recovery

(Adds deputy governor quotes, CAD reaction). By Julie Gordon and Kelsey Johnson. OTTAWA, June 18 (Reuters) – The Bank of Canada sees the Canadian economy facing a prolonged and uneven recuperation period with households remaining cautious …
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Why the Fed's new index approach to buying US corporate debt 'changes everything'

Borrowing by big U.S corporations was expected to slow down going into the summer after the first five months of the year saw a record $1 trillion worth of new investment-grade corporate bonds issued. But the pace of borrowing sped up again this week after …
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UPDATED: As BioMarin's lead rival wanes, Pfizer and Sangamo post a promising update for hemophilia A gene therapy

Pfizer and its hemophilia A gene therapy partners at Sangamo have posted the latest update on their Phase I/II trial for SB-525 — and it continues to look good as their rivals at BioMarin cruise to a likely approval with a not-so-perfect leader. Median Factor VIII …
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Carnival to Post Largest Quarterly Loss in at Least 25 Years

Carnival Corp. reported a quarterly loss of more than $4 billion, its largest in at least 25 years, as the Covid-19 pandemic has idled ships, warning that it could breach a loan agreement in a prolonged sailing pause. The company posted a preliminary fiscal …
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Bombardier chair defends multi-million dollar exit package for former CEO

The chairman of Bombardier Inc. is defending the multimillion-dollar compensation plan handed to former CEO Alain Bellemare. Pierre Beaudoin, grandson of the Quebec giant’s founder, told shareholders at the company’s annual meeting Thursday that the …
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