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‘We’re seeing what we need to see. We just need to see it for longer’: Tiff Macklem explains the BoC’s thinking as it moves toward a pivot
Bank of Canada Governor Tiff Macklem spent much of the past year shooting down speculation about when interest rates will start coming down. On Wednesday, he let his guard slip.At […] This post is only…
Hong Kong stocks drop 2% as China exports fall more than expected
Asia-Pacific markets were mixed Friday after an inflation-fueled selloff in the previous session, with investor assessing economic data from Singapore and South Korea.Hong Kong’s Hang Seng index led losses in the region, […] This post is only…
OPINION:Bullish on National Bank of Canada
National Bank of Canada (NA-T -0.80%decrease, Wednesday’s close $112.92) remained in a wide horizontal trading range mostly between $85 and $105 for about two years (dashed lines). Earlier this year, the […] This post is only…
Cenovus Energy to invest $1.5-billion in Ohio refineries over next five years
Cenovus Energy CVE-T -3.15%decrease on Thursday said it plans to invest $1.5-billion in its Ohio refineries over the coming five years, including Lima and Oregon.The investment in Ohio refineries include maintenance, reliability measures […] This post is only…
Dow falls more than 400 points, Treasury yields jump after strong inflation data: Live updates
Stocks tanked on Wednesday after March inflation data came in hotter than expected, likely pushing off interest rate cuts by the Federal Reserve that investors have been anticipating.The Dow Jones Industrial Average dropped 436 […] This post is only…
China says economy ‘stable,’ rejects Fitch Ratings downgrade of its fiscal outlook
China’s Finance Ministry denounced a report by Fitch Ratings that kept its sovereign debt rated at A+ but downgraded its outlook to negative, saying Wednesday that China’s deficit is at […] This post is only…
Bank of Canada seen keeping rates on hold
The Bank of Canada (BoC) is expected to hold its key overnight rate steady on Wednesday, with economists and analysts hoping to get some direction on the timing of its […] This post is only…
Calendar: April 8 – April 12
Monday April 8China foreign reserves, aggregate yuan financing and new yuan loansJapan real cash earningsGermany industrial production and trade surplus—Tuesday April 9Japan machine tool orders(6 a.m. ET) U.S. NFIB Small […] This post is only…
Canadian Tire says no to executive bonuses, but yes to a big dividend
You have to give Canadian Tire Corp. Ltd. CTC-T -5.91%decrease some credit when the retailer’s board this week decided to award no cash bonuses to its top executives for 2023. As a statement, this one […] This post is only…