Latest News
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Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.
The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged, highlighting increased uncertainty about the economic outlook. In support of its dual goals of maximum employment and inflation at a…
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Prime Minister Carney to meet with U.S. President Trump in Washington on Tuesday
OTTAWA — Prime Minister Mark Carney said Friday he will meet with U.S. President Donald Trump at the White House on Tuesday. It will be the first face-to-face meeting for the two since Carney was…
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U.S.-Iran Nuclear Talks Delayed Amid Sanctions, Explosions, and Leadership Shake
Politics, Geopolitics & Conflict – The fourth round of indirect nuclear negotiations between the U.S. and Iran, initially scheduled for May 3 in Rome, has been postponed. While Omani officials cited logistical reasons, Iranian authorities…
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Crude Oil Prices Retreat as Demand Cracks and Supply Risks Mount
Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment. West Texas Intermediate (WTI) briefly hit a low of…
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OPEC+ to meet on Saturday to set June output policy: Reuters
Eight OPEC+ countries will meet on Saturday to decide whether to agree a further accelerated oil output hike for June or make a smaller increase as originally planned, two sources with knowledge of the matter…
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Calendar: May 5 – May 9
Monday May 5 Japan, China and U.K. markets closed (9 a.m. ET) Canada’s S&P Global Services PMI for April. (9:45 a.m. ET) U.S. S&P Global Services and Composite PMI for April (10 a.m. ET) U.S.…
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Imperial Oil reports Q1 profit up from last year as revenues increase
Imperial Oil Ltd. reported a first-quarter profit of $1.29 billion, up from $1.20 billion in the same quarter last year. The company says the profit amounted to $2.52 per diluted share for the quarter ended…
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CN Rail profits rise despite U.S. trade war, as cargo volumes inch up
Canadian National Railway Co. CNR-T +4.31%increase says profits rose five per cent in its latest quarter as the country’s biggest railroad operator worked through a trade war set off by U.S. President Donald Trump. CN is reporting net…
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Auto parts company Magna International reports US$146-million first-quarter profit
Magna International Inc. MG-T -3.73%decrease reported its first-quarter profit rose compared with a year ago as sales decreased. The auto parts company says its profit attributable to the company was US$146-million, compared with $9-million during the same period…