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Intact Financial Corporation reports Q1-2025 results
HighlightsOperating DPW1,2 grew 3%, attributable to continued momentum in Personal lines Combined ratio1 was solid at 91.3%, remaining stable year-over-year despite 2.5 points of higher catastrophe losses Net operating income per share1 increased […] This post is only…
China Unveils Monetary Easing Measures
The People’s Bank of China reduced its benchmark interest rate and reserve requirement ratio and also unveiled a slew of measures to support economy hit by trade tariffs.The PBoC cut the 7-day […] This post is only…
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 […] This post is only…
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 […] This post is only…
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 […] This post is only…
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) […] This post is only…
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 […] This post is only…
Calendar: May 5 – May 9
Monday May 5Japan, 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) […] This post is only…
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 […] This post is only…