Canada’s unemployment rate ticked up to 5.4 per cent in June – the highest it’s been in over a year.It marked the second month in a row the unemployment rate has risen […]
Author: Consultant
Oil prices set for second straight weekly gain after U.S. data
Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stockpiles, offsetting fears of […]
Canada posts surprise $3.4-billion trade deficit for goods, largest since 2020
Canada’s trade balance for goods swung unexpectedly into negative territory in May, producing the largest trade deficit since October, 2020, and acting as an anchor on economic growth in the […]
Gold Futures Settle Lower As Dollar Rises Ahead Of Fed Minutes
Gold prices drifted lower on Wednesday as the dollar moved up ahead of the release of the minutes of the Federal Reserve’s latest monetary policy meeting.Still, concerns about economic growth […]
West Coast port strike risks derailing the economy – auto sector may suffer particularly
Brian Kingston is president and chief executive officer of the Canadian Vehicle Manufacturers’ Association.Recent economic indicators are starting to point in the wrong direction, with businesses anticipating slow growth ahead. […]
Vancouver port strike hitting potash exports at crunch time for overseas farmers
The strike at four British Columbia ports is putting more pressure on an already-stressed international potash shipping network, with overseas farmers potentially caught in the crosshair.Nutrien Ltd NTR-T +0.25%increase, The Mosaic Company […]
Oil prices steady as China demand fears offset tighter supply forecasts
Oil prices moved little in early Asian trade on Thursday as the prospect of tighter supply with output cuts from Saudi Arabia and Russia and a bigger-than-expected drop in U.S. crude […]
Canadian labor minister meets with provincial counterpart in day five of Canada’s port strike
Canadian Labor Minister Seamus O’Regan met with his provincial counterpart, British Columbia Labor Minister Harry Bains, in Vancouver on Wednesday to discuss the country’s west coast port strike. On Tuesday, […]