Posthaste: Earnings season kicks off, China growth slowest on record … and biggest Prime Day ever

Amazon.com's Prime Day runs today and tomorrow.AP Photo/Paul Sakuma, File Good morning! U.S. earnings season kicked off today with Citigroup, the first big U.S. bank to report, beating expectations with a 7 per cent profit rise. Investors had been concerned after warnings last month of lower trading revenue and investment banking fees. Lower costs and …

Why Canada’s no longer among world’s 10 most competitive economies, BMO’s miss and what the MLSE did next

A mural painted on the side a brick building showing Toronto Raptors' Kawhi Leonard in Toronto.THE CANADIAN PRESS/Doug Ives Good morning! Canada is now the world’s 13th most competitive economy, Switzerland-based IMD Business School said in its annual rankings of 63 economies. It’s better than what Germany, Australia and the United Kingdom could muster, but …

Toronto housing comes roaring back, what businesses want from their MPs and Bombardier’s ever-shrinking portfolio

After a bleak winter and insipid spring, Toronto housing is showing signs of recovery in summer.Mark Sommerfeld/Bloomberg Good morning! High corporate taxes is a well-known gripe of businesses across Canada, but the big surprise in the Canadian Federation of Independent Business’s survey is the high proportion of small businesses keen to see the scrapping of …

Big banks beat, stocks stutter … and a next generation mood ring

Vintage mood rings: This is not what Amazon's reported voice-activated wearable device will look like.Postmedia Good morning! Canada’s big banks are back after a weak start from CIBC earnings yesterday. Both RBC and TD Bank exceeded estimates, with TD reporting $1.75 a share, well above analysts’ predictions of $1.67. Both also showed growth in home, …