Latest News
Payrolls rose 339,000 in May, much better than expected in resilient labor market
The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday.Payrolls in the public and private […] This post is only…
Oil prices rise after U.S. debt deal; all eyes on OPEC meeting
Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world’s biggest oil consumer, while attention turned to a meeting of OPEC ministers and […] This post is only…
Suncor to cut 1,500 jobs by end of year, employees informed Thursday
Suncor Energy Inc. SU-T will cut 1,500 jobs by the end of the year, as new CEO Rich Kruger forges ahead with his mandate to reduce costs and improve the company’s lagging […] This post is only…
Consumers defy recession forecasts and spend, spend, spend
Can we shop our way out of a recession? Consumers in Canada are giving it their best shot.The strong first-quarter growth in GDP that caught economists off guard was powered by two sectors, […] This post is only…
With just days to spare, Senate gives final approval to U.S. debt ceiling deal, sending it to Biden
Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the […] This post is only…
Ottawa backs $3-billion of debt for Trans Mountain pipeline
Ottawa has backstopped $3-billion more in debt for Crown-owned Trans Mountain Corp.’s delayed and overbudget oil pipeline expansion, but the government maintains its guarantees do not amount to public funding.According to […] This post is only…
Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says
Private sector employment increased by a seasonally adjusted 278,000 for the month, ahead of the Dow Jones estimate for 180,000, ADP reported. The ADP report noted that the distribution of […] This post is only…
Bullish on Canadian Tire Corp. Ltd
https://www.theglobeandmail.com/authors/monica-rizk/Canadian Tire CTC-A-Trallied from $67.15 in March 2020 to $213.85 in May 2021 (A-B) and then had a one-half correction within a falling parallel channel over a period of two years […] This post is only…
‘The stars are aligned’ for at least one more BoC rate hike: Economists and markets react to surprisingly strong GDP data
Money markets and economists have grown more convinced that the Bank of Canada will make at least one more hike to interest rates this year in the wake of stronger-than-expected gross […] This post is only…