Latest News
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Economic Calendar: Sept.22 – Sept 26
Monday September 22 Euro zone consumer confidence (8:30 a.m. ET) Canada’s industrial product price and raw materials price indexes for August. Estimates are an increase of 0.1 per cent and a decline of 1.0 per…
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Bank of Canada cuts interest rate by quarter-point to 2.5%
The Bank of Canada cut its benchmark interest rate by a quarter-point on Wednesday, lowering borrowing costs for the first time since March as U.S. tariffs continue to batter the Canadian economy. As widely expected,…
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Gold dazzles at all-time high as Fed rate cut looms
Gold surged to a record high on Tuesday, buoyed by a weakening U.S. dollar and growing market anticipation ahead of the Federal Reserve’s policy meeting, where a 25-basis-point rate cut is widely expected. Spot gold rose…
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Oil edges higher as market weighs Russia supply risk and U.S. rate decision
Oil prices edged higher on Tuesday as markets weighed potential supply disruption from Russia after Ukrainian drone attacks on its refineries and the prospect of a U.S. central bank interest rate cut. Brent crude futures rose…
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Canadian housing starts down 16% in August: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in August fell 16 per cent compared with July. The national housing agency says the seasonally adjusted annual rate of housing starts came…
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Joly says Anglo American promises around Teck takeover don’t go far enough
Industry Minister Mélanie Joly says that promises made by Anglo American PLC NGLOY +0.68%increase as part of its attempt to buy Teck Resources Ltd. TECK-B-T -3.32%decrease don’t go far enough. London-based Anglo has made a slew of commitments to win approval…
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Canada’s inflation rate ticked up slightly in August: StatCan
Canada’s inflation rate rose to 1.9 per cent in August, increasing by less than economists had forecasted and solidifying expectations of an interest rate cut on Wednesday. Statistics Canada reported on Tuesday that the annual…
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Calendar: Sept. 15 – Sept. 19
Monday September 15 Japan markets closed China retail sales, industrial production and fixed asset investment Euro zone trade surplus (8:30 a.m. ET) Canada’s manufacturing sales and new orders for July. Estimates are month-over-month gains of…
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Barrick sells only Canadian mine to Carcetti Capital for up to $1.09-billion
Barrick Mining Corp. ABX-T -1.74%decrease is selling Hemlo, its only Canadian mine, to Carcetti Capital Corp. CART-H-X +2.50%increase for up to US$1.09-billion. Toronto-based Barrick put Hemlo up for sale earlier in the year, deeming it a “non-core” asset. Carcetti will pay…