EduFocal Delays Key Vote Results as Share Dilution Concerns Grow
EduFocal shareholders voted on two major proposals at the company’s September 10 AGM, but the results may not be released for up to 30 days. One proposal would rename EduFocal to Walstron Limited and expand the business beyond education technology into areas such as commerce, technology and real estate. The second would allow directors to […]
Canadian Dollar Weakens as U.S. Inflation Keep Rates Hike Risk Alive
The Canadian dollar slipped against the U.S. dollar after fresh U.S. inflation data kept expectations alive that the Federal Reserve could raise interest rates again. The loonie was trading near 72.4 U.S. cents, with one U.S. dollar costing roughly C$1.38. The pressure came after U.S. consumer prices rose 3.4% year over year in August, while […]
Bank of Jamaica Posts J$6.9 Billion Loss
The Bank of Jamaica has recorded a J$6.9 billion loss so far this financial year, a sharp reversal from the J$19.1 billion in positive retained earnings reported a year earlier. The central bank also has no profits available to transfer to the Government, compared with J$401 million a year ago. At first glance, a multibillion-dollar […]
Investors Rush Into Jamaica’s US$1 Billion Bond as Confidence Grows
International investors showed strong confidence in Jamaica by rushing to buy the Government’s latest US$1 billion bond, allowing Jamaica to borrow at a lower interest rate than initially expected. The bond was heavily oversubscribed, meaning investors wanted to buy more debt than Jamaica was offering. Because demand was so strong, the Government was able to […]
Sygnus Credit Profit Jumps as Puerto Rico Investment Pays Off
Sygnus Credit Investments (SCI) has posted its strongest results yet, with net profit jumping 123% to US$9.55 million as its expansion into Puerto Rico begins to pay off. A major driver was Acrecent Financial, the Puerto Rican financing company Sygnus first invested in back in 2022. Acrecent’s net profit climbed 57% to US$8.1 million, helping […]
Canada Hits Back at U.S. Tariffs
Canada is fighting back in its trade war with the United States, imposing tariffs of up to 50% on nearly C$28 billion worth of American goods. Prime Minister Mark Carney says the move is necessary to protect Canadian workers and reduce the country’s dependence on the U.S. But he is also warning that the shift […]
Canada’s Economy Surges 3.3%
Canada’s economy grew at a strong 3.3% annualized rate in the second quarter of 2026, beating the Bank of Canada’s forecast and putting earlier recession fears to rest. The growth was driven by stronger exports, especially autos, increased business spending on equipment and technology, and a pickup in housing activity. Consumer spending also rose, while […]
Trump Threatens 50% Canada Tariffs — Cars, Jobs and Prices Could Take the Hit
Trade tensions between Canada and the United States are escalating again, and this time the biggest risk could hit cars, jobs and everyday prices. President Donald Trump has threatened to impose tariffs of up to 50% on Canadian cars, trucks, auto parts and steel starting January 1. The move comes after Canada promised to retaliate […]
Seprod Profit Jumps 16% as Debt Falls
Seprod made more money in the second quarter even though sales fell, showing that tighter cost control is helping the company protect profits in a difficult environment. The Jamaican food and distribution group reported quarterly profit of $688 million, up 16% from a year earlier. Revenue, however, fell 3% to $36.5 billion, partly because Jamaica’s […]
Jamaica’s Economy Shrinks for Third Straight Quarter as Recession Pressure Builds
Jamaica’s economy contracted by an estimated 2.9% between April and June 2026 compared with the same period last year, marking a third consecutive quarterly decline. The economy had already fallen 7.1% in Q4 2025 and 4.1% in Q1 2026, as the country continues to deal with the economic fallout from Hurricane Melissa, weaker consumer spending […]