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US July deficit hits pass US$400 billion, topping every July on record
For scale, Canada’s entire federal deficit came to $36.3bn in the fiscal year ended March 31, 2025, an improvement from $61.9bn a year earlier, the Department of Finance Canada reported in its annual financial report. Washington’s shortfall for the single month of July ran more than 10 times Ottawa’s full-year gap. Calendar timing inflated the American number. …
Super Micro stock is rallying after results. Here’s what Wall Street is saying.
Here’s what analysts are saying about Super Micro.
Elevator giant Otis is trying to win back Wall Street
Inside a 28-story testing tower erected in the middle of the suburban town of Bristol, Connecticut, Otis engineers run elevator parts through dust chambers, humidity cells and saltwater fog machines. “[Elevators] are supposed to work in the extreme conditions of the world. Whether it’s the desert or the Arctic,” said Haran Vela, senior vice president…
LPL’s Good Life Deal Continues ‘Sticky’ Acquisition Strategy
Call it the long game. LPL Financial affiliates with a group of advisors, often with them working as an office of supervisory jurisdiction, takes a minority stake, and when the time is right, brings them in through a full acquisition. It’s a long-term strategy that analysts say is starting to play out for the country’s…
Carlyle Acquires Minority Ownership of Prime Capital Financial
Prime Capital Financial announced Thursday that the Carlyle Group Inc. is acquiring a minority ownership interest in the company and will support the firm’s long-term growth. The partnership launched with an approximately $600 million hybrid capital solution, and Prime Capital Financial is valued at more than $1.8 billion. As part of the transaction, Abry Partners,…
Canada GDP’s rebound gives the Bank of Canada room to hold rates steady
Andrew DiCapua, principal economist at the Business Data Lab and the Canadian Chamber of Commerce, said the breadth stood out. In an email to Wealth Professional, he said the figures suggest “the economy is not just surviving, but thriving,” with rate-sensitive sectors, not just energy, driving the gain. The data reinforces the Governing Council’s view that “they…