Canada markets close in 2 hours 16 minutes
  • Business
    Reuters

    C$ weakens as rise in global bond yields spooks investors

    The Canadian dollar weakened against its U.S. counterpart on Wednesday as concern that central banks could leave interest rates at elevated levels longer than previously thought raised demand for the safe-haven greenback. "Equities are off their (recent) highs, and rates in general are creeping up again, so concerns are resurfacing over the higher for longer theme and central banks not cutting as much as thought." The data could provide clues on the timing of expected Bank of Canada interest rate cuts.

  • Business
    Yahoo Finance Canada

    Electric vehicle charging costs vary widely in Canada. Here’s a breakdown

    The cost of recharging an EV for a year remains far cheaper than paying for gas to drive the same distance, no matter where you live.

  • Business
    Reuters

    US health insurer shares fall after UnitedHealth flags Medicaid enrollment issues

    Shares of U.S. health insurers fell on Wednesday after UnitedHealth Group cited a near-term disturbance around reimbursement rates for Medicaid due to ongoing program-wide enrollment hurdles that began about a year ago. UnitedHealth shares were down 4.2% to $482.46, while rivals Humana, Centene, and Elevance Health fell 3.2%, 3.7%, and 2.6%, respectively. "We have come through this very prolonged redetermination cycle in Medicaid making sure that the utilization and rates stay in perfect synchrony," a UnitedHealth executive said at the Bernstein investor conference, adding that they expect "some disturbance" around it.

  • Business
    Yahoo Finance Video

    Wealth disparities: Are you living in a distressed zip code?

    According to the Economic Innovation Group, nearly 52 million Americans reside in areas classified as distressed zip codes. These zip codes are determined by factors such as poverty rates, the number of individuals without high school diplomas, the rate of adults' employment, and housing vacancy rates. Yahoo Finance's Rachelle Akuffo delves into the specifics of what constitutes a distressed zip code, offering insights and practical tips for navigating these challenging conditions if you find yourself living in one. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith