Investors are tiptoeing into the start of trading as we kick off one of the busiest weeks on the earnings calendar. U.S. equity market futures wereas of 7 a.m. EDT as investors mull what could be in store in a week where about a third of the S&P 500 constituents report. Of the heavyweights reporting, we’ve got the likes of big tech including Alphabet, Microsoft, Apple and Amazon, which should set the tone for trading this week.
The Caisse de dépôt et placement du Québec is investing up to US$474 million in Japan’s Shizen Energy and has obtained a seat on the board of the company. The cash is earmarked for Shizen to accelerate the rollout of its renewable energy projects. Ontarians are heading to the ballot box today, with municipal elections being held across the province. Housing affordability – or a lack thereof – has been one of the key debate issues across the province this election cycle.
A new poll from the Retail Council of Canada says consumers are planning to spend about the same amount on holiday shopping this year as in 2021 – about $790 – but some six in 10 plan to focus more on deal hunting as the cost of living rises.