The Bank of Canada held its benchmark interest rate steady at 4.5 per cent Wednesday, pausing its year-long campaign to increase borrowing costs while leaving the door open to further […]
Author: Consultant
Stocks rattled as Powell comments suggest more rate hikes coming
Federal Reserve Chair Jerome Powell on Tuesday warned that larger interest rate hikes may be necessary amid stubbornly high inflation, raising fresh uncertainty about whether the central bank can tame inflation without […]
Mar 8: Oil Extends Losses On US Rate Hike Jitters
Oil prices fell further on Wednesday, after having fallen between 3.5 percent and 4 percent Tuesday on concerns that aggressive rate hikes may dent demand for fuel in the U.S.The […]
Canadian Banks’ 1Q23 Provision and Expense Growth Offset Rate Benefit
NON-RATING ACTION COMMENTARYCanadian Banks’ 1Q23 Provision and Expense Growth Offset Rate BenefitMon 06 Mar, 2023 – 12:31 PM ETFitch Ratings-New York/Toronto-06 March 2023: Canadian banks’ recently reported results reflect incremental […]
Mutual Funds: Being Made A Fool
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Investors get victory in 17-year court battle with mutual fund companies
After a 17-year court battle, an Ontario judge has ruled in favour of retail investors who suffered losses as two Canadian companies had let big investors make profitable, improper trades […]
Changes coming for Canada’s big stock index
S&P Dow Jones Indices said late Friday that it’s making minor changes to the S&P/TSX Composite Index, the broadest measure of the Canadian market.The index provider said it will add […]
Calendar: Mar 6 – Mar 10
Monday March 6China trade surplus and foreign reservesEuro zone retail sales(10 a.m. ET) U.S. factory orders for January. The Street is forecasting a month-over-month drop of 1.8 per cent.Earnings include: […]