ahead of the open on the last trading day of the week following a sell-off on Thursday that impacted all of the major North American indices. The U.S. personal consumption expenditures data out this morning and a key inflation measure watched closely by the American central bank, showed inflation south of the border continued to moderate last month while spending stagnated.
Shares of Tesla are trading higher in the pre-market after Elon Musk said he probably won't sell any more of his stock in the company for the next couple of years, however he has made similar statements in the past and then gone ahead and sold shares. It's been a volatile year for the electric car company and shares are down almost 70 per cent year to date.
CI Financial has begun the process for taking its U.S. wealth-management unit public. The company has submitted a draft registration statement with the U.S. Securities and Exchange Commission for an initial public offering and plans to use the proceeds from the IPO to help pay down debt. Over the course of 2022 CI shares have halved and now trade around $13.61 a share.
Bausch + Lomb has decided CEO Joseph Papa will stay in the top job until at least March next year. The change to Papa's contract came under an amended and restated separation agreement between him and the company. China's top health authority has reported almost 37 million people may have been infected with COVID-19 in a single day this week.Notable data: Monthly Real GDP, US Personal Income & Consumption, U.S. Durable Goods Orders, U.S. New Home Sales, University of Michigan Consumer Sentiment Index
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