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June 26 RTMA: Commodities Chart
By RTTNews Staff Writer ✉ | Published: 6/23/2023 6:11 PM ETCanadian stocks drifted lower on Friday, extending losses to a sixth straight session, amid rising concerns interest rate hikes will hurt growth and weigh […] This post is only…
Sobeys parent Empire hikes dividend 10.6% as six-year turnaround plan wraps up
One of the country’s largest grocers is seeing signs that food inflation has hit its peak in Canada, as requests for cost increases from product suppliers have begun to slow […] This post is only…
CIBC fined $3-million over delays in transferring credit card balances to new cards
Canadian Imperial Bank of Commerce CM-T -1.33%decrease will pay a $3-million penalty after the financial institution watchdog for consumers said that the lender failed to transfer some credit card transactions to new cards […] This post is only…
Gold hovers near 3-month low, set for biggest weekly drop since February
Gold hovered near a three month low on Friday and was set for its biggest weekly drop since February, as the dollar strengthened after U.S. Federal Reserve Chief Jerome Powell […] This post is only…
Oil resumes slide on demand worries after latest rate hikes
Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower […] This post is only…
U.S. Weekly Jobless Claims Remain At Highest Level Since October 2021
First-time claims for U.S. unemployment benefits were unchanged in the week ended June 17th, according to a report released by the Labor Department on Thursday.The report said initial jobless claims […] This post is only…
Bank of England surprises with 50 basis point rate hike to tackle persistent inflation
Thursday’s 50 basis point hike surprised markets, which had priced in a smaller rise. Policymakers are walking a tightrope as they attempt to tighten monetary policy sufficiently to quell inflationary […] This post is only…
Rate cuts, hikes and pauses: The world’s central banks just made very different decisions
The European Central Bank on Thursday increased interest rates, after the Federal Reserve opted to pause. Just days before that, China’s central bank lowered its key medium-term lending rates, and […] This post is only…
Oil prices fall on Chinese economic growth uncertainties
Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the […] This post is only…