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May 17 – The close: Stocks rise but TSX underperforms as speculation grows another BoC rate hike looms
Major stock indexes rose on Wednesday, but the Canadian benchmark underperformed Wall Street as money market traders continued to raise bets that the country’s central bank will hike interest rates […] This post is only…
Stock futures rise as Wall Street focuses on debt ceiling negotiations: Live updates
UPDATED WED, MAY 17 2023 7:08 AM EDTStock futures rose Wednesday as investors awaited news of developments in the negotiations between congressional leaders and President Joe Biden on the U.S. […] This post is only…
Canada ‘extremely concerned’ about fate of Line 5 pipeline in Wisconsin, embassy says
Canada is “extremely concerned” about the potential fate of the Line 5 pipeline, emissaries warned Tuesday in advance of a Wisconsin court hearing that threatens to shut down what they […] This post is only…
Inflation ticks higher in April, testing Bank of Canada rate pause
Canada’s annual inflation rate ticked higher in April, a surprise acceleration that shows the road back to price stability could be long and bumpy.The Consumer Price Index rose 4.4 per […] This post is only…
Home Depot hits the brakes:
Three-year robust sales run ends amid pull back on home improvementsHome Depot couldn’t keep its protracted robust sales streak going any longer. The home improvement chain reported a dismal quarter […] This post is only…
Stellantis halts battery plant construction over dispute with Canadian government
Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing plant in Windsor, Canada, over a disagreement with the federal government about subsidies, a spokesperson […] This post is only…
Turkey’s Erdogan faces toughest test yet in landmark election — with high stakes for the world
Turkey’s presidential and parliamentary elections on May 14 could hardly come at a more polarized moment for the country of 85 million. Incumbent President Recep Tayyip Erdogan is in the […] This post is only…
Economic Calendar: May 15 – May 19
Monday May 15Japan machine tool ordersEuro zone industrial production(8:15 a.m. ET) Canadian housing starts for April. The Street is projecting an annualized rate increase of 4 per cent.(8:30 a.m. ET) […] This post is only…
Oil Futures Settle Lower On Firm Dollar, Demand Concerns
Published: 5/12/2023 3:22 PM ETCrude oil prices fell on Friday on the dollar’s strength and worries about the outlook for energy demand.Fears of the U.S. falling into a recession and the […] This post is only…