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Red Sea risk to oil ‘very real,’ prices could change rapidly if supply disrupted, Chevron CEO says
“It’s a very serious situation and seems to be getting worse,” Chevron CEO Michael Wirth said of the crisis in the Red Sea. Wirth said he was surprised that U.S. […] This post is only…
Jan 16 – The close: Stocks fall as Boeing tumbles 8% and Canadian core CPI hotter than expected
U.S. stocks ended lower on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs pressured banks, and as sell-offs in Boeing and Apple weighed on the S&P 500. The […] This post is only…
Canada’s inflation rate ticked up to 3.4% in December. Here’s what happens next
Canada’s annual inflation rate rose to 3.4 per cent in December, up from 3.1 per cent in November, Statistics Canada said Tuesday – matching financial analysts’ expectations.The Bank of Canada […] This post is only…
Jan 16: At midday: TSX drops amid broad selloff after CPI data disappoints
Canada’s main stock index fell on Tuesday, led by losses in the resource sectors, while investors were disappointed that core inflation rose more than expected in December ahead of next week’s interest […] This post is only…
Oil Trades Lower In Cautious Trade
Published: 1/15/2024 5:16 AM ET | Oil prices traded lower on Monday after surging more than 2 percent in the previous week to touch their highest intraday levels this year after the United […] This post is only…
TSX Ends Modestly Higher For 2nd Straight Day
Published: 1/15/2024 4:38 PM ET | The Canadian market ended on a firm note on Monday, as stocks shrugged off a slightly weak start and moved higher in cautious trade.Shares from utilities, energy, […] This post is only…
Gold Futures Settle Sharply Higher
Published: 1/12/2024 2:40 PM ET | Gold prices rose sharply on Friday amid an escalation in geopolitical tensions after the United States and the United Kingdom launched air strikes against military targets in […] This post is only…
Economic Calendar: January 15 to January 19
Monday January 15U.S. markets closed (Martin Luther King Jr. Day)Japan machine tool ordersEuro zone industrial production and trade surplus(8:30 a.m. ET) Canadian manufacturing sales and orders for November. Estimates are […] This post is only…
Suncor reports 808,000 barrels per day of upstream production in fourth quarter
Suncor Energy Inc. says its upstream production in the fourth quarter was 808,000 barrels per day, the second highest quarter in the company’s history.The Calgary-based company says the performance for […] This post is only…