“It spreads the pain around to a new level,” said Sam Fiorani, vice-president of global vehicle forecasting at AutoForecast Solutions.The addition of distribution centres increase the chance of disrupting the […]
Author: Consultant
Economic Calendar: Sept 25 – Sept 29
Monday September 25(8:30 a.m. ET) U.S. Chicago Fed National Activity Index for August.(10:30 a.m. ET) U.S. Dallas Fed Manufacturing Activity for September.Earnings include: Thor Industries Inc.—Tuesday September 26(8:30 a.m. ET) […]
Crude Oil Futures Settle Higher For The Day, But Post First Weekly Loss In 4
Published: 9/22/2023 3:24 PM ETOil prices briefly fell into the red a little past noon on Friday, but recovered swiftly to end the day’s session on a firm note.Russia’s decision to […]
Sept 22, 2023 -the close: TSX down for fifth straight day, posts biggest weekly decline of 2023
Canada’s main stock index fell for a fifth straight day on Friday as investors worried that borrowing costs would stay elevated for an extended period and waited for a more […]
Gold Futures Settle Modestly Higher
Published: 9/22/2023 2:56 PM ETGold futures settled modestly higher on Friday even as the dollar stayed firm amid bets the Federal Reserve will keep rates higher for longer to combat inflation.Gold […]
Magna joint venture in Michigan lays off 650 workers as UAW strike widens
A Magna International Inc. joint venture in Michigan has laid off 650 employees as the automotive industry braces for widening strikes by the United Auto Workers union in the United […]
TSX Sheds 2.1% As Stocks Tumble On Concerns Over Inflation, Interest Rates
Published: 9/21/2023 7:25 PM ETThe Canadian stock market suffered one of its worst setback in recent months on Thursday as worries about, inflation, interest rates and outlook for economic growth weighed […]
Canada-India dispute the latest blow to strained economic ties
The last time Canada found itself in a tense geopolitical faceoff with an Asian economic powerhouse, it enjoyed ready support from allies in the U.S., Britain and Europe against China’s […]
Canadian autoworkers union reaches tentative labor deal with Ford, averting strike
The union representing Canadian autoworkers at Ford has reached a tentative deal with the US automaker, keeping more than 5,000 union members on the job and providing some good news […]