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Bank of Canada expected to hold rates steady as economy stalls
The Bank of Canada is expected to pause its monetary policy tightening campaign this week, weighing stubborn inflation data against growing evidence that the Canadian economy has begun to stall.Analysts […] This post is only…
Crude Oil Extends Surge Amid Ongoing Supply Concerns
Extending the rally seen over the past several sessions, the price of crude oil showed another significant move to the upside during trading on Friday.Crude for October delivery surged $1.92 […] This post is only…
Oil rises to highest in over seven months on supply worries
Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.Saudi Arabia is widely expected to […] This post is only…
Gold Inches Higher On Dollar Weakness
Published: 9/1/2023 5:39 AM ETGold inched higher on Friday and was on track for a weekly gain, as the dollar weakened and bond yields dipped on growing expectations that the Federal […] This post is only…
‘Rate hikes are over and done’: How today’s GDP surprise has shifted the views of economists and markets
OPINIONWeaker-than-expected second-quarter gross domestic product data this morning has money markets pricing in stronger odds that the Bank of Canada is done hiking rates for this economic cycle.Canada’s economy unexpectedly contracted in […] This post is only…
US economy adds 187,000 jobs in August while unemployment rate unexpectedly jumps
US economy adds 187,000 jobs in August while unemployment rate unexpectedly jumps | Fox Business This post is only available to members. If you are already a member then cleck here to Login log in
Canadian Imperial Bank: Fiscal Q3 Earnings Snapshot
Canadian Imperial Bank of Commerce (CM) on Thursday reported fiscal third-quarter earnings of $1.06 billion.The bank, based in Toronto, said it had earnings of $1.10 per share. Earnings, adjusted for […] This post is only…
National Bank Q3 profit edges higher, provision for credit losses also up
National Bank of Canada reported its third-quarter profit edged higher compared with a year ago even as the money it set aside for bad loans in the quarter also rose. […] This post is only…
Scotiabank Reports Q3 Profit Down, Provision For Credit Losses Up
Scotiabank reported that its third-quarter profit fell compared with a year ago as its provision for credit losses nearly doubled. The bank says its net income amounted to $2.21 billion, […] This post is only…