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One third of Canadians have changed or cancelled vacation plans due to inflation, survey finds
A third of Canadians have changed or cancelled their vacation plans due to inflation, according to a new survey by Leger.Of those who have changed their vacation plans, 46 per […] This post is only…
July 18 – The close: Stocks rise as U.S. bank results help ignite rally; Dow at highest since April 2022
U.S. stocks advanced on Tuesday, partly boosted by a round of solid bank earnings which helped put the Dow on track for its longest streak of daily gains in more […] This post is only…
Rate of housing starts in Canada posts largest month-to-month increase in a decade
Canada Mortgage and Housing Corp. says the annual pace of housing starts in June posted its largest month-over-month increase in a decade powered by work beginning on new multi-unit projects.The […] This post is only…
Canada’s annual inflation rate slowed to 2.8% in June on lower gas prices
Canada’s annual inflation rate dropped more than expected to a 27-month low of 2.8 per cent in June, data showed on Tuesday, but excluding energy prices inflation was still barely […] This post is only…
Oil slides as Chinese GDP dents demand hopes
Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fueled concern over demand in the world’s second-biggest oil consumer while a partial restart of […] This post is only…
Russia says it will not extend the landmark Ukraine grain deal
First inked in July 2022, the U.N.-brokered Black Sea Grain Initiative has been repeatedly elongated in short increments. It was set to lapse on Monday at midnight, Istanbul time.Russia on […] This post is only…
China reports second-quarter GDP miss, another record high in youth unemployment
BEIJING — China said Monday that second-quarter gross domestic product grew by 6.3% from a year ago, missing expectations.The unemployment rate among young people ages 16 to 24 was 21.3% […] This post is only…
A landmark agricultural deal that guarantees food security for tens of millions is set to expire on Monday as Russia debates its renewal
Russia has yet to decide if it will extend the terms of the Black Sea Grain Initiative, which is set to expire on Monday. Under the deal, more than 1,000 […] This post is only…
Economic Calendar: July 17 – July 21
Monday July 17China second quarter GDP and June industrial production and retail sales data.Italy releases consumer price index for June.G20 finance ministers and central bank governors meeting in India (July […] This post is only…