Latest News
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Bank of Canada cuts interest rate by quarter-point to 2.5%
The Bank of Canada cut its benchmark interest rate by a quarter-point on Wednesday, lowering borrowing costs for the first time since March as U.S. tariffs continue to batter the […] This post is only…
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Gold dazzles at all-time high as Fed rate cut looms
Gold surged to a record high on Tuesday, buoyed by a weakening U.S. dollar and growing market anticipation ahead of the Federal Reserve’s policy meeting, where a 25-basis-point rate cut […] This post is only…
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Oil edges higher as market weighs Russia supply risk and U.S. rate decision
Oil prices edged higher on Tuesday as markets weighed potential supply disruption from Russia after Ukrainian drone attacks on its refineries and the prospect of a U.S. central bank interest […] This post is only…
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Canadian housing starts down 16% in August: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in August fell 16 per cent compared with July. The national housing agency says the seasonally adjusted annual […] This post is only…
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Joly says Anglo American promises around Teck takeover don’t go far enough
Industry Minister Mélanie Joly says that promises made by Anglo American PLC NGLOY +0.68%increase as part of its attempt to buy Teck Resources Ltd. TECK-B-T -3.32%decrease don’t go far enough. London-based Anglo has made a slew […] This post is only…
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Canada’s inflation rate ticked up slightly in August: StatCan
Canada’s inflation rate rose to 1.9 per cent in August, increasing by less than economists had forecasted and solidifying expectations of an interest rate cut on Wednesday. Statistics Canada reported […] This post is only…
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Calendar: Sept. 15 – Sept. 19
Monday September 15 Japan markets closed China retail sales, industrial production and fixed asset investment Euro zone trade surplus (8:30 a.m. ET) Canada’s manufacturing sales and new orders for July. […] This post is only…
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Barrick sells only Canadian mine to Carcetti Capital for up to $1.09-billion
Barrick Mining Corp. ABX-T -1.74%decrease is selling Hemlo, its only Canadian mine, to Carcetti Capital Corp. CART-H-X +2.50%increase for up to US$1.09-billion. Toronto-based Barrick put Hemlo up for sale earlier in the year, deeming it a […] This post is only…
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Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump
The consumer price index posted a seasonally adjusted 0.4% increase for the month, the biggest gain since January, putting the annual inflation rate at 2.9%. The Labor Department reported a […] This post is only…