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Polestar ( PSNY ) posts first profitable quarter as it hits 50K deliveries in 2022

Polestar ( PSNY ) posts first profitable quarter as it hits 50K deliveries in 2022

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Polestar ( PSNY ) posted its first profit since going public in Q3 as the Swedish electric car maker builds momentum heading into the end of 2022. Strategic cost-cutting measures and rising demand pushed Polestar into positive earnings as the company expects 50,000 deliveries by the end of the year and at the same time …

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GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates

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Canada’s economic growth slowed in the first quarter of 2022, but accelerating demand has shown why the Bank of Canada is unlikely to deviate from its rate of rapid interest rate increases. After adjusting for inflation, gross domestic product grew at an annualized rate of 3.1 percent, decelerating from 6.6 percent in the fourth quarter …

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates Read More »

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates

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Canada’s economic growth slowed in the first quarter of 2022, but accelerating demand has shown why the Bank of Canada is unlikely to deviate from its rate of rapid interest rate increases. After adjusting for inflation, gross domestic product grew at an annualized rate of 3.1 percent, decelerating from 6.6 percent in the fourth quarter …

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates Read More »