SASKATOON — Shares in Cameco Corp. rose nearly 10 per cent after it raised its revenue outlook for 2023 and reported a profit of $148 million in its latest quarter […]
Author: Consultant
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Canadian economy flatlines as higher interest rates weigh on growth
The Canadian economy has flatlined in recent months as higher interest rates weigh on growth, bringing the country to the brink of a mild recession. Real gross domestic product was […]
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TOROMONT ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 2023 AND QUARTERLY DIVIDEND
HIGHLIGHTS: Consolidated Results Revenue increased $87.5 million or 8% in the third quarter compared to the similar period last year, with higher revenues in both groups. Equipment Group was up 7% in […]
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Canada Interest Rate Forecast 2023-2028
Last Updated: October 25, 2023 Interest rate forecast for 2023: 5.00%* October 2023 Canada Mortgage Rate Forecast For more information about the 2023 Bank of Canada rate announcement schedule and […]
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Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing […]
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Gold Dips Below $2,000 As Gaza Tensions Ease
Published: 10/30/2023 6:10 AM ET Gold prices traded mixed on Monday, after having hit five-month highs last week on heightened geopolitical tensions. Spot gold dropped half a percent to $1,996.34 per […]
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Oil Prices Decline As Middle East Worries Ease
Published: 10/30/2023 5:51 AM ET Oil prices tumbled on Monday as Middle East worries eased, and investors looked ahead to a busy week of economic data and central bank meetings. Benchmark […]
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Fed seen keeping rates on hold well into next year
Cooling inflation will likely keep the Federal Reserve on pause in coming months, traders bet on Friday, even as persistent underlying price pressures amid strong consumer spending kept some chance […]
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Gas and power utility Fortis reports $394M Q3 profit, up from $326M a year earlier
Fortis Inc. reported a third-quarter profit of $394 million, up from $326 million a year earlier. The gas and power utility says the profit amounted to 81 cents per diluted […]