Moody’s upholds AAA credit rating for Canada, says economy is resilient. | CA |

  • November 23, 2020 06:06 AM EST
  • Team Kalkine

It added that Canada’s low benchmark interest rates will lead to the largest budget deficit since World War II. Moody’s predicted that the GDP would decline by about six percent this year but will grow by five percent in 2021.

WestJet (TSX:ONEX) & Delta Ditch Joint Venture Deal

WestJet and US-based Delta Air Lines ended their planned US-Canada joint venture after the US government demanded changes in the proposal. Both the airlines termed the demands as "unreasonable and unacceptable", said media reports.

* Tesla Inc (TSLA: US) Breaks Records, Becomes NASDAQ's Top Price Performer

Tesla stocks witnessed a massive rally recently on the back of the announcement that the electric vehicle producer will get listed on the S&P 500 Index in December. Tesla stocks rocketed to a record intraday high of US$ 508.61 on November 19 and became the best performing stock on the Nasdaq-100 Index for the week.

 


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