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U.S. inflation up again in February in latest sign that price pressures remain elevated
Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for U.S. President Joe Biden’s re-election campaign, […] This post is only…
Stock Market & Sector Performance
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U.S. lumber industry takes aim at Canada’s forestry research centre, alleging unfair subsidies
A Canadian forestry research centre that has led efforts to expand the use of mass timber in British Columbia and Quebec is being accused by the U.S. lumber industry of […] This post is only…
Calendar: Mar 11 – Mar 15
Monday March 11China CPI, PPI, aggregate yuan financing and new yuan loansJapan GDP and machine tool ordersU.S. president Joe Biden releases fiscal 2025 budget proposals.Earnings include: Altius Minerals Corp.; Ballard […] This post is only…
U.S. job growth accelerated in February; unemployment rate rises to 3.9%
U.S. job growth accelerated in February, but a rise in the unemployment rate and moderation in wage gains kept on the table an anticipated interest rate cut in June from […] This post is only…
Canada’s economy added more jobs than expected in February; unemployment rate ticks up to 5.8%
Canada’s economy added a net 40,700 jobs in February, double the expected gain, data showed on Friday, and wage growth slowed for a second consecutive month as the central bank […] This post is only…
Bank of Canada holds interest rate steady, offers few hints about timing of cuts
The Bank of Canada held its benchmark interest rate steady for the fifth consecutive time, in a tight-lipped decision that offered few hints about the timing of future rate cuts.The widely anticipated […] This post is only…
Oil prices fall as market shrugs off China growth pledge, OPEC+ production cuts
PUBLISHED TUE, MAR 5 20248:22 AM ESTCrude oil futures fell for a second consecutive day Tuesday as China’s pledge to boost economic growth and OPEC+ production cuts failed to lift […] This post is only…
Gold rises above $2,100 to highest level ever as traders bet on interest rate cuts
Gold futures for April settled at $2,126.30 per ounce, the highest level dating back to the contract’s creation in 1974. When adjusted for inflation, gold set an all-time high of […] This post is only…