Statistics Canada says retail sales rose 0.9 per cent to $66.4-billion in July, helped by stronger new car sales.The agency says sales were higher in seven of the nine subsectors […]
Author: Consultant
Federal Reserve cuts interest rates by half-point; first rate reduction in four years
The Federal Reserve on Wednesday announced a long-awaited interest rate cut, lowering the benchmark rate by 50 basis points from what was the highest level in 23 years as the central bank […]
Annual pace of housing starts in Canada down 22% in August, CMHC says
Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July.The national housing agency says the seasonally adjusted annual rate […]
Canada’s inflation cools to 2% in August, the smallest gain since early 2021
Canada’s annual inflation rate(opens in a new tab) reached the central bank’s target in August at it cooled to 2 per cent, its lowest level since February 2021, data showed on Tuesday.The […]
Economic Calendar: Sept 16 – Sept 20
Monday September 16China and Japan markets closedChina industrial production, retail sales and fixed asset investmentEuro zone trade surplus and labour costs(8:30 a.m. ET) Canada’s manufacturing sales and new orders for […]
Oil Futures Pare Early Gains, Settle Lower
Published: 9/13/2024 3:18 PM ET | Oil futures gave up early gains and drifted lower on Friday on reports crude oil production resumed in several facilities along the U.S. Gulf of Mexico.Concerns about […]
TSX Posts Fresh Record Closing High
Published: 9/13/2024 5:38 PM ET | The Canadian market climbed to a new all-time high on Friday, with stocks from healthcare, real estate and materials sectors contributing to the rise.Expectations of an interest […]
West Fraser Declares Dividend
Sep 10, 2024, 17:01 ETVANCOUVER, BC, Sept. 10, 2024 /CNW/ – West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) (TSX and NYSE: WFG) has declared a quarterly dividend of US$0.32 per share on the […]
Oil Rebounds After Inventory Drop
Published: 9/11/2024 5:48 AM ET | Oil prices jumper over 2 percent on Wednesday, after having dropped to near three years lows in the New York session on concerns over a weak demand […]