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CIBC insiders buy as bank shares retreat
As of March 20, five of the six big Canadian banks had seen net insider accumulation over the past month through either public market buying or derivative exercises. The one […] This post is only…
Budget 2023: Canada’s indefensible military spending
There are any number of items you could include on a list of Canada’s defence spending failures.There’s the fact the Canadian Armed Forces has a chronic recruitment problem that has […] This post is only…
Bombardier boosts financial targets, sees revenue topping US$9-billion by 2025
Canadian luxury jet maker Bombardier Inc. BBD-B-T +6.42%increase is boosting its financial targets as it sets a new course towards consistent profitability after years of strife.The Montreal-based manufacturer said Thursday a five-year turnaround […] This post is only…
Bank of England poised for rate hike following inflation shock
LondonCNN — The Bank of England is expected to hike rates by a quarter of a percentage point Thursday following an unexpected jump in inflation.UK consumer prices surged by 10.4% in February compared with a year […] This post is only…
Mar 23 Morning Update: Federal budget will prioritize clean electricity in face of U.S. competition
The federal government is set to carve out a bigger role for itself in electricity policy – an area of mostly provincial responsibility, but one that Ottawa has identified as […] This post is only…
U.S. crude stocks rose unexpectedly last week, fuel inventories fell: EIA
U.S. crude oil stockpiles rose unexpectedly last week to their highest in nearly two years, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories rose […] This post is only…
Traders, funds bullish on oil price despite banking woes
The biggest oil traders and energy hedge funds speaking at the FT Commodities Global Summit struck a bullish tone despite banking jitters, and see a jump in oil prices by […] This post is only…
U.S. Federal Reserve delivers small rate hike, says ‘some additional’ tightening possible
The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid […] This post is only…
The close: Stocks in the green on bank bounce as Fed takes focus
Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its […] This post is only…