Latest News
As Russia nears a debt default
As Russia nears a debt default, talk now turns to global contagionRussia is on the brink of defaulting on its debt, according to ratings agencies and international bodies, but economists […] This post is only…
CHINA ECONOMY
China’s ‘Silicon Valley’ manufacturing hub orders production halts to control a Covid spikeChina’s ‘Silicon Valley’ manufacturing hub orders production halts to control a Covid spikePUBLISHED MON, MAR 14 202212:31 AM […] This post is only…
Hong Kong’s Hang Seng index drops more than 2% in mixed Asia trading; oil prices fall 3%
Investors will continue to monitor developments around the Russia-Ukraine war and Covid wave in China, both of which threaten to further disrupt global supply chains.SINGAPORE — Shares in Asia-Pacific were […] This post is only…
Calendar: March 14, 2022
Economic Calendar Mar 14 – Mar 18, 2022Monday March 14(8:30 a.m. ET) Canadian construction investment for January.(8:30 a.m. ET) Canadian new motor vehicle sales for January. Estimate is a rise […] This post is only…
Investors jump into commodities while keeping eye on recession risk
Investors jump into commodities while keeping eye on recession riskInvestors are rushing to recalibrate their portfolios for a potentially extended period of elevated commodity prices, as Russia’s invasion of Ukraine […] This post is only…
Canadian Tire
Canadian Tire spending $3.4-billion over four years to expand products, bolster operationsCanadian Tire Corp. Ltd. CTC-T unchno change will spend $3.4-billion over the next four years to improve its e-commerce operations, launch thousands […] This post is only…
The close: March 10
Wall Street lower as inflation hits 40-year high, inviting aggressive Fed tighteningWall Street resumed its slide on Thursday, ending in the red as inflation hit a four-decade high, cementing expectations […] This post is only…
Inflation rose 7.9% in February
Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 yearsInflation grew worse in February amid the escalating crisis in Ukraine and […] This post is only…
Consumer inflation was likely high in February
Consumer inflation was likely high in February, and rising fuel prices will turn up the pressureFebruary’s consumer price index is the last important look at inflation before Federal Reserve officials […] This post is only…