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Canada’s economy shows no growth in October, with GDP below analyst expectations
Canada’s economy showed no growth in October, Statistics Canada said on Friday, as GDP remained unchanged on a monthly basis at 0.0 per cent.Analysts had been expecting GDP to grow […] This post is only…
Houthi attacks rocking Red Sea trade routes likely won’t end anytime soon. Here’s what can happen next
U.S. Central Command over the weekend said it shot down “14 unmanned aerial systems launched as a drone wave from Houthi-controlled areas of Yemen” in the Red Sea. Many tankers […] This post is only…
Angola says it is leaving OPEC
Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is not serving its interests, oil minister Diamantino Azevedo said on Thursday.Angola, which joined OPEC in 2007, […] This post is only…
Regulator denied Trans Mountain variance request due to pipeline safety concerns
The Canada Energy Regulator is citing safety concerns as its reason for refusing a request by Trans Mountain Corp. for a pipeline variance.In a written statement released Wednesday, the regulator […] This post is only…
U.S. weekly unemployment claims rise slightly, remain at low levels despite higher interest rates
The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates intended to slow hiring and cool the […] This post is only…
Linamar to buy agriculture equipment manufacturer Bourgault Industries in $640-million deal
Linamar Corp. LNR-T +1.76%increasesays it’s reached an agreement to acquire Bourgault Industries Ltd. in a deal worth $640-million.The Guelph-based company says Bourgault is a world-class agriculture equipment manufacturer.Linamar says Bourgault will become […] This post is only…
Dec 20 – The close: Stocks lower as abrupt sell-off snaps multi-day rally
U.S. and Canadian stocks closed lower on Wednesday after an abrupt mid-afternoon sell-off snapped a rally that had been driven by falling interest rates and the Federal Reserve’s dovish turn.All […] This post is only…
Crude Rises as Red Sea Worries Overshadow a Bearish EIA Report
February WTI crude oil (CLG24) this morning is up +0.78 (+1.05%), and Feb RBOB gasoline (RBG24) is down -0.22 (-0.10%).Crude oil and gasoline prices this morning are mixed, with crude […] This post is only…
U.S. crude, gasoline and distillate stocks rose more than expected last week: EIA
U.S. crude stocks, gasoline and distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday.Crude inventories rose by 2.9 million barrels in the week to Dec. […] This post is only…