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China’s producer prices slump 4.6% in May, worse than expected
Economists surveyed by Reuters expected China’s consumer price index to rise 0.3% year-on-year after marking a two-year low of 0.1% in April. Month-on-month, economists predicted a 0.1% decline. Recent economic […] This post is only…
Canada’s trade surplus widens to $1.94-billion as export volumes hit all-time high in April
Canada’s exports jumped 2.5 per cent in April and hit an all-time high by volume, while imports declined 0.2 per cent partly because of a fall in energy products, Statistics […] This post is only…
Bank of Canada raises key interest rate to 4.75%, the highest level in 22 years. Here’s what’s next
The Bank of Canada has resumed its monetary policy tightening campaign, increasing its benchmark rate by a quarter percentage point on Wednesday.The decision lifts the policy rate to 4.75 per cent, the […] This post is only…
U.S. Trade Deficit Widens Significantly As Exports Slump, Imports Jump
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in the month of April.The Commerce Department said the trade deficit increased to $74.6 […] This post is only…
Bank Of Canada Resumes Raising Interest Rates
After leaving interest rates unchanged for two straight meetings, the Bank of Canada on Wednesday announced it has decided to once again raise rates.The Bank of Canada increased its target […] This post is only…
Canadian Market Down Marginally After BoC Raises Interest Rate
Published: 6/7/2023 11:54 AM ETThe Canadian market is down marginally around late morning on Wednesday, with investors digesting the Bank of Canada’s decision to raise interest rates by 25 basis points.The […] This post is only…
China’s exports plunge by 7.5% in May, far more than expected
Exports fell 7.5% in May from a year ago, far worse than the 0.4% decline predicted by a Reuters poll. Imports for May dropped by 4.5% from a year ago […] This post is only…
U.S. Service Sector Growth Slows More Than Expected In May
Published: 6/5/2023 10:51 AM ETService sector activity in the U.S. saw only modest growth in the month of May, according to a report released by the Institute for Supply Management on […] This post is only…
Gold Holds Steady As Growth Worries Mount
Published: 6/6/2023 5:55 AM ETGold prices were flat to slightly higher on Tuesday, as the dollar pulled back, and U.S. bond yields declined on hopes for a pause in Fed hikes […] This post is only…