A Royal Bank of Canada economist states that recent interest rate cuts by Canada's central bank have only marginally improved housing affordability in the country. The cuts have not significantly impacted the housing market, indicating limited effectiveness in addressing affordability issues.

Bank of Montreal’s capital reserves will increase in the fourth quarter following a legal victory related to its involvement in a multi-billion-dollar Ponzi scheme in Minnesota.

Bank of Montreal missed analysts’ estimates due to setting aside more money than expected for potentially bad loans, which negatively impacted its U.S. operations and led to a downgrade and a slump in shares.

Markets anticipate the Bank of Canada will implement interest rate cuts at its remaining decisions this year due to a faster-than-expected loosening of the U.S. labor market.

BNN Bloomberg has launched a new and improved digital experience, enhancing its commitment to providing up-to-date investor and business news, market data, and exclusive analysis for its audience.

Nippon Steel Corp.'s new president, Tadashi Imai, is committed to the $14.1 billion acquisition of United States Steel Corp., emphasizing the deal's importance for enhancing US Steel's competitiveness. Imai, who replaced Eiji Hashimoto as president, highlighted Nippon Steel's technological edge and patent portfolio in North America. The acquisition faces political scrutiny from President Joe Biden, who prefers US Steel to remain domestically owned. Biden's stance aligns with the United Steelworkers union and could affect US-Japan relations. A summit on April 10 between Biden and Japan's Prime Minister Fumio Kishida, followed by a US Steel shareholder meeting, will be pivotal for the deal's future.

Nippon Steel's new president, Tadashi Imai, is committed to the $14.1 billion acquisition of US Steel, emphasizing the technological benefits and competitive edge it will bring to the American company. The deal faces political challenges, with President Joe Biden advocating for domestic ownership. Key stakeholders, including the United Steelworkers union and US Steel shareholders, are crucial to the negotiation process. The acquisition aims to leverage Nippon Steel's advanced technology and extensive patents to strengthen US Steel's market position.

Nippon Steel is committed to acquiring U.S. Steel for $14.1 billion, emphasizing its technological capabilities and extensive patents. The Tokyo-based company's president, Tadashi Imai, highlighted the unique high-end steel production technology Nippon Steel can offer. The acquisition faces political challenges, with President Joe Biden advocating for U.S. Steel to remain domestically owned, aligning with the United Steelworkers union ahead of the upcoming presidential election. Key meetings involving Biden and Japan's Prime Minister Fumio Kishida, as well as U.S. Steel's shareholders, are scheduled for early April to discuss the deal's future.

Kobayashi Pharmaceutical Co. is recalling health supplement products containing red yeast after they were linked to five deaths and 114 hospitalizations. The company will spend over 1.8 billion yen on the recall and compensate affected consumers. The recall has also impacted other companies, including FamilyMart and DHC, and has affected people outside Japan. The company is investigating the presence of puberulic acid in the products and expanding its customer service lines to handle inquiries.

In 2024, the author and their family embarked on an 8-day journey to Italy, fulfilling a promise to their son. They traveled from Rome to Florence, using Florence as a base to explore nearby cities like Siena, San Gimignano, and Pisa. The trip included visits to historical sites in Rome, such as the Imperial Fora, where they participated in a walking tour to learn about the area's history.