Published: 7/11/2023 3:19 PM ETCrude oil futures settled higher on Tuesday, lifted by the Energy Information Administration’s forecast of a drop in oil production and the International Energy Agency’s forecast about […]
Author: Consultant
July 11 – TSX Ends Modestly Higher
The Canadian market ended modestly higher on Tuesday, aided by gains in energy shares.Movements were somewhat lackluster with investors largely staying cautious ahead of the Bank of Canada’s interest rate […]
July 10 – TSX Ends Slightly Down
| Published: 7/10/2023 5:34 PM ETCanadian stocks turned in a mixed performance on Monday as investors largely stayed cautious ahead some key U.S. economic data, including a report on consumer price inflation.Healthcare […]
Bank of Canada expected to raise interest rate in the face of mixed signals
A month after surprising markets by restarting interest rate hikes, the Bank of Canada is widely expected to ratchet up borrowing costs again this week, despite the continuing decline in inflation and mixed signals […]
BoC Rate Hikes
https://www.msn.com/en-ca/video/money/canadian-banks-poised-for-0-25-interest-rate-hike-lot-of-pain-yet-to-come-economist-says/vi-AA1dBZ5d?ocid=msedgntp
Calendar: July 10 – July 14
Monday July 10China’s aggregate yuan financing, new loans, money supply, CPI and PPIJapan’s bank lending(8:30 a.m. ET) Canadian building permits for May. Estimate is a month-over-month increase of 0.5 per […]
Payrolls rose by 209,000 in June, less than expected, as jobs growth wobbles
Nonfarm payrolls increased 209,000 in June, below the consensus estimate for 240,000. The unemployment rate was 3.6%, down 0.1 percentage point. However, a more encompassing jobless level rose to 6.9%. […]
Canadian unemployment rate rose to 5.4% in June as economy added 60,000 jobs
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 […]
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 […]