Latest News
Calendar: July 22 – July 16
Monday July 22Earnings include: Cleveland-Cliffs, Verizon, NucorTuesday July 23Euro area consumer confidence830 am ET: Canada new housing price index for June10 am ET: U.S. existing home sales for JuneEarnings include: Canadian […] This post is only…
U.S. weekly unemployment claims increase more than expected, but no material shift in labour market
The number of Americans filing new applications for unemployment benefits rose more than expected last week, but there has been no material shift in the labour market and the data […] This post is only…
U.S. crude stockpiles fall sharply, fuel builds: EIA
U.S. crude oil stockpiles last week fell more than expected, while gasoline and distillate inventories rose, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 4.9 million barrels […] This post is only…
Canada’s inflation rate eases more than expected in June to 2.7%, raising bets of July rate cut
Canada’s annual inflation rate cooled more than expected to 2.7% in June, largely due to softer growth in gas prices, while core inflation measures were marginally down, Statistics Canada said […] This post is only…
July 16 – At midday: TSX hits record high after cooler-than-expected inflation data
Canada’s main stock index hit a record high on Tuesday after domestic annual inflation eased more than expected in June, boosting hopes for another rate cut by the Bank of […] This post is only…
Gold futures jump to record above $2,460 an ounce on hopes Fed will soon cut rates
Gold futures prices jumped to a record high Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion.Spot gold climbed 1.4% to $2,454.77. Gold futures advanced […] This post is only…
Bank of America shares jump 4% after saying net interest income rebound is coming
Here’s what they reported: Earnings of 83 cents a share vs. 80 cents a share estimate. Revenue of $25.54 billion vs. $25.22 billion estimate. The firm said net interest income […] This post is only…
Dow jumps 500 points to record, Russell 2000 gains nearly 2%: Live updates (July 16, 2024)
The Dow Jones Industrial Average advanced to new highs on Tuesday, as the market rally continued broadening out beyond big technology names on hopes of forthcoming interest rate cuts.The Dow surged by […] This post is only…
Canadian wholesale trade falls in May as manufacturing sales tick up
Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 0.8 per cent to $82.2-billion in May.The overall decrease came as sales […] This post is only…