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Oil slumps 5% to five-week low amid US debt default fears
Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss ways to avoid a debt default and investors prepare for […] This post is only…
TSX Sheds More Than 1% As Financials, Energy Stocks Tumble
Published: 5/2/2023 5:25 PM ETThe Canadian market ended notably lower on Tuesday, weighed down by losses in energy and financials shares.Worries about growth and likely policy tightening by the Federal Reserve […] This post is only…
Gold Futures Settle Lower As Dollar Rises On Rate Hike Bets
Published: 5/1/2023 2:10 PM ETGold futures settled lower on Monday as the dollar climbed up amid bets about a rate hike ahead of the Federal Reserve’s policy announcement.The Federal Reserve is […] This post is only…
Oil Futures Settle Notably Lower On Worries About Growth
Published: 5/1/2023 3:11 PM ETCrude oil prices tumbled on Monday, weighed down by concerns about economic growth and worries about outlook for energy demand.Data showing a contraction in Chinese manufacturing activity […] This post is only…
TSX Fails To Hold Early Gains, Ends Marginally Down
Published: 5/1/2023 5:15 PM ETThe Canadian market failed to hold early gains and ended marginally down on Monday due largely to some heavy selling at several counters in the energy sector.Energy […] This post is only…
Ottawa’s vision for electricity’s future is about to clash with Ontario’s
An unprecedented push by the federal government to shape Canada’s power grid is about to ramp up – and face its first major test, courtesy of an Ontario government with […] This post is only…
Oil drops as economic growth concerns offset OPEC+ cuts
Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from new OPEC+ supply […] This post is only…
Subway comes up with $5-billion debt plan to clinch $10-billion+ sale: sources
The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a US$5-billion acquisition financing plan, hoping to overcome a challenging environment […] This post is only…
U.S. regulators seize First Republic Bank, sell to JPMorgan Chase
The Federal Deposit Insurance Corp. says JPMorgan Chase Bank JPM-N +0.87%increase will take over all deposits and most of the assets of troubled First Republic Bank.The FDIC said early Monday that California regulators […] This post is only…