Latest News
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Eurozone Economic Sentiment Falls Unexpectedly
Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0…
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Japan Retail Sales Growth Eases; Jobless Rate Stable At 2.5%
Japan’s retail sales growth eased to a three-month low in May and the unemployment remained stable, official data revealed on Friday. Retail sales grew 2.2 percent on a yearly basis, slower than the 3.5 percent…
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China Industrial Profits Fall
China industrial profits declined notably in May as tariff tensions damped activity, figures from the National Bureau of Statistics showed Friday. Industrial profits decreased 9.1 percent in May from a year ago. In the January…
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June 27: Crude Oil Edges Higher With Approaching High Summer Demand
Despite the truce in the Middle East, crude oil posted gains on Friday in the wake of the US confirming readiness to sign trade deals with China and multiple other trading partners and indications of…
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June 27: Gold Pulls Back Sharply As Safe Haven Demand Subsides
Gold fell sharply on Friday, slipping to a nearly one-month low as investors move to riskier assets amid a backdrop of easing geopolitical tensions. Front Month Comex Gold for July plunged $60.20 (or 1.8%) to…
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Canada’s annual inflation rate unchanged at 1.7% in May, core measures slightly ease
Canada’s annual inflation rate in May was unchanged from the previous month at 1.7 per cent as drop in gasoline costs continued to keep the overall index stable while prices of shelter, food and transportation also cooled, data showed…
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Statistics Canada reports April retail sales up 0.3 per cent at $70.1 billion
OTTAWA — Statistics Canada says retail sales rose 0.3 per cent to $70.1 billion in April, helped by gains in sales at new and used car dealers. However, the agency says its preliminary figures for…
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Ottawa unveils steel and aluminum measures to counter U.S. tariffs
Prime Minister Mark Carney on Thursday announced a series of measures to protect the Canadian steel and aluminum industries from the impacts of recently doubled U.S. tariffs, including steep anti-dumping quotas for foreign products that may be diverted to…
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Sobeys parent Empire beats profit growth estimates, raises dividend
Grocery retailer Empire Co. Ltd. EMP-A-T +7.76%increase beat analysts’ estimates for profit growth in the fourth quarter, reporting that its store chains such as FreshCo and Sobeys took market share from competitors. The Stellarton, N.S.-based company reported on…