U.S. Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation […]
Author: Consultant
Gold prices have hit record highs. Here’s why they could rally further
Gold prices hit a new all-time high recently, and there’s still room for it to surge as some countries continue on a gold buying spree. Strong physical demand for gold […]
Canada’s inflation rate takes surprising dip to 2.8 per cent
Canada’s inflation rate unexpectedly fell last month, and underlying price pressures appear to be fading fast, opening the door for the Bank of Canada to discuss lowering interest rates.The Consumer Price Index […]
Cleanup for pollution from Teck coal mines will top $6.4-billion, assessment claims
It will cost at least $6.4-billion to tackle selenium contamination from Teck Resources Ltd.’s TECK-B-T -1.14%decrease Elk Valley coal mines, according to a new report – far exceeding a $1.9-billion security bond required […]
Nuvei stock soars as Montreal payments company confirms ‘potential’ takeover talks
Nuvei Corp.’s NVEI-T +31.82%increase stock soared Monday after confirming news reports that the Montreal digital payments processing company, which counts celebrity actor Ryan Reynolds as a shareholder and spokesman, is in talks that […]
Mar 18 – The close: Wall Street higher as investors juggle Fed nerves with AI enthusiasm; TSX slips
Wall Street’s main indexes advanced on Monday, with megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy Nasdaq while investors also waited for the U.S. Federal […]
China kicks off the year on strong note as retail, industrial data tops expectations
Retail sales rose 5.5%, better than the 5.2% increase forecast in a Reuters’ poll, while industrial production increased 7%, compared with estimates of 5% growth.Fixed asset investment rose by 4.2%, […]
India to hold the world’s biggest election starting April in over a month-long exercise
The seven-stage election process will start from April 19 and last till June 1, 2024, according to the schedule announced by the Election Commission of India. The country has about […]
Calendar: Mar 18 – Mar 22
Monday March 18China retail sales, industrial production, and fixed asset investment dataEuro area consumer price index830 am ET: Canadian industrial product price and raw materials indexes for February.830 am ET: […]