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What one key business indicator is saying about China’s consumer recovery
Marketing revenue rose in the first three months of 2023 for several Chinese internet giants — but not Alibaba, the largest of them all by dollar value. That’s on a […] This post is only…
Crude Prices Tumble On Fuel Demand Concerns
Published: 6/12/2023 5:56 AM ETOil prices fell nearly 3 percent on Monday amid persistent concerns around the demand outlook and ahead of a slew of key central bank meetings due this […] This post is only…
Bay Street Seen Opening On Mixed Note
| Published: 6/12/2023 8:13 AM ETCanadian shares are likely to open on a mixed note Monday morning, with investors tracking positive lead from Europe, and commodity prices.With major central banks scheduled to […] This post is only…
Saputo’s shares down as company forecasts ‘temporary’ consumer demand slowdown
Shares in Saputo Inc. SAP-T -11.17%decrease closed down by 11 per cent Friday after the company’s chief executive cautioned negative consumer sentiment could dampen the outlook for the start of its 2024 fiscal […] This post is only…
Calendar: June 12 – June 16
Monday June 12China’s aggregate yuan financing and money supplyJapan producer prices and machine tool orders(2 p.m. ET) U.S. Treasury Budget for May.Earnings include: Oracle Corp.; Sprott Physical Gold and Silver […] This post is only…
WestJet to wind down Swoop, integrate into main operation
Amid fierce competition, WestJet will wind down its Swoop subsidiary by late October as it folds the budget airline’s operations under its main banner, the airline said Friday.The move marks […] This post is only…
TSX breakouts: With a swift sell-off in May, this defensive dividend stock enters oversold territory
On today’s Breakouts report, there are 19 stocks on the positive breakouts list (stocks with positive price momentum), and 39 securities are on the negative breakouts list (stocks with negative […] This post is only…
Crude Oil Sees Further Downside Amid Ongoing Demand Concerns
After ending the previous session off its worst levels but still notably lower, the price of crude oil saw further downside during trading on Friday.Crude for July delivery slumped $1.12 […] This post is only…
Canada’s unemployment rate ticked up to 5.2% in May
Statistics Canada says the unemployment rate rose to 5.2 per cent in May, marking the first increase since August 2022.The federal agency says overall employment was little changed last month […] This post is only…