Latest News
Calendar: June 19 – June 23
Monday June 19U.S. markets closed (Juneteenth)(8:30 a.m. ET) Canadian industrial product and raw materials price indexes for May. Estimate are month-over-month declines of 0.5 per cent and 1.0 per cent, […] This post is only…
Potash prices are down, but the stocks are looking attractive
Potash prices are in the dumps, but the battered shares of companies that produce the crop nutrient have been nudging higher, suggesting the worst days for the sector may be […] This post is only…
Canadian wholesale sales excluding petroleum products, oilseeds and grains down in April
Statistics Canada says wholesale sales excluding petroleum, petroleum products, and other hydrocarbons as well as oilseeds and grains fell 1.4 per cent to $80.9-billion in April.The agency says the drop […] This post is only…
Canada freezes ties with China-led AIIB, probes allegations of Communist domination
Canada is freezing ties with the China-led Asian Infrastructure Investment Bank while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday.Freeland said she did not rule out any […] This post is only…
China cuts a key policy rate for first time in 10 months as economic rebound cools
The People’s Bank of China lowered the rate on 237 billion Chinese yuan ($33 billion) of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points. […] This post is only…
China’s youth unemployment hits a fresh record high in May, major data disappoint
BEIJING — China’s youth unemployment rose to a record in May, while major data missed expectations, according to data released Thursday by the National Bureau of Statistics.The unemployment rate for […] This post is only…
Fed keeps rates unchanged for first time in 15 months but signals two more potential hikes this year
The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signalled that […] This post is only…
Bell cutting 1,300 positions, closing or selling nine radio stations amid declining revenues
BCE Inc. BCE-T -2.31%decrease is eliminating roughly 1,300 positions as part of a significant reorganization, citing declining legacy phone revenues as well as losses in its news and radio operations.The roles that are […] This post is only…
Inflation rose at a 4% annual rate in May, the lowest in 2 years
The inflation rate cooled in May to its lowest annual rate in about two years, the Labor Department reported Tuesday.The consumer price index, which measures changes in a multitude of […] This post is only…