Posthaste: Canada's middle class is losing momentum as wealth gap widens [Financial Post (Toronto, Ontario, Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Financial Post
The wealth gap has widened in Canada, as inflation, higher interest rates and lower property prices put the squeeze on middle-income families, a key engine of the economy. Article content A new study by TD Economics says Statistics Canada's latest data on distributions of household economics accounts show the income gap has not been this wide since 2015. “This distribution matters for Canada's bottom line,” said Toronto Dominion economist Maria Solovieva. Article content National household net worth rose last year by 4.5 per cent to $16.4 trillion, rebounding from a decline of almost 6.5 per cent in 2022, but these gains were not shared across all income groups, says the report. While income in the wealthiest households increased 6 per cent from the year before, income in the bottom and second quintiles barely rose or declined. The wealth of all families rose in 2023, but higher-income households benefited the most because they held more financial assets, the big driver
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CNI
News
- Canadian National Railway (NYSE: CNI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Canadian Rail Workers Authorize Strike Vote [Yahoo! Finance]Yahoo! Finance
- Mike Henry, the Canadian boss of mining giant BHP, faces a reputational make-or-break takeover attempt [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Here Are My Top 4 TSX Stocks to Buy Right Now [Yahoo! Finance Canada]Yahoo! Finance Canada
- CN, CPKC workers approve strike mandate as possible work stoppage looms [Yahoo! Finance Canada]Yahoo! Finance Canada
CNI
Earnings
- 4/23/24 - Beat
CNI
Sec Filings
- 5/1/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- CNI's page on the SEC website