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The price of gold is at a record high. Here’s why
A gold rush is here. The precious metal hit an all time high this week.The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That’s the […] This post is only…
US economy created 818,000 fewer jobs than previously reported
U.S. job growth during much of the past year was significantly weaker than previously reported, according to new data published Wednesday.The Bureau of Labor Statistics revised down its total tally of […] This post is only…
Canada’s inflation rate fell to 2.5% in July, paving way for another BoC rate cut
Canada’s annual inflation rate fell to 2.5 per cent in July, largely driven by lower prices for travel tours, passenger vehicles and electricity.It was the lowest inflation rate since March, […] This post is only…
Gold Holds Above $2500 Ahead Of Powell’s Jackson Hole Speech
Gold prices traded lower on Monday but held about $2.500 per ounce amid optimism that cooling U.S. inflation would kick off a cycle of interest rate cuts.A weaker dollar, heightened […] This post is only…
AUG 19: Oil Extends Losses On China Demand Concerns
Oil prices fell on Monday to extend losses from the previous session amid concerns about the outlook for oil demand from China and U.S.-led efforts to secure a cease-fire in […] This post is only…
Why Canada is on the verge of an unprecedented rail labor stoppage
For the first time, Canada’s two main railway companies – Canadian National Railway and Canadian Pacific Kansas City – are on the verge of a simultaneous labour stoppage that could […] This post is only…
Aug 16: TSX Ends Higher Again
The Canadian market ended slightly up on Friday, moving up for a seventh straight session, with gains in the materials sector contributing to the positive close.Easing concerns about U.S. economic […] This post is only…
Aug 16: Gold Futures Settle Higher On Weak Dollar, Rising Rate Cut Hopes
Gold prices moved higher on Friday thanks to a weak dollar and rising hopes of an interest rate cut by the Federal Reserve next month. Escalating tensions in the Middle […] This post is only…
Calendar: Aug 19 – Aug 23
Monday August 19Japan core machine orders(8:30 a.m. ET) Canadian construction investment for June.(8:30 a.m. ET) Canadian household and mortgage credit for June.(10 a.m. ET) U.S. leading indicator for July. The […] This post is only…