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Home sales dropped in September and prices will continue to fall in 2023, predicts real estate association
Canada’s national real estate association has downgraded its outlook for home sales and prices in 2023 for the second time this year as higher borrowing costs deepen the slowdown in […] This post is only…
Gold Inches Higher On Dovish Fed Commentary
Published: 10/12/2023 6:12 AM ETGold prices rose on Thursday to test the $1,900 mark as the dollar and Treasury yields continued to fall on dovish Fed commentary.Spot gold rose 0.4 percent […] This post is only…
TSX Rises Again, Ends 0.83% Up
Published: 10/11/2023 5:52 PM ETThe Canadian market ended on a strong note on Wednesday, led by gains in communications, consumer discretionary and financials sectors.Several stocks from real estate, utilities, consumer staples […] This post is only…
Oil tracks global equities higher, IEA demand downgrade weighs
Oil prices rose about 1 per cent on Thursday, reversing earlier falls, on expectations that U.S. interest rates had peaked, but a lower demand growth forecast for next year from […] This post is only…
Exxon Mobil’s US$59.5-billion bet on fossil fuels has implications for Canadian oil patch, experts say
Exxon Mobil Corp.’s XOM-N -3.59%decrease acquisition of Pioneer Natural Resources PXD-N +1.44%increase in a US$59.5-billion megadeal is being seen by some as a major vote of confidence in fossil fuels that also bodes well for the […] This post is only…
The close: Major indexes advance after Fed minutes (Oct 11)
U.S. and Canadian major stock indexes closed higher after a choppy session Wednesday, with the release of minutes from the U.S. Federal Reserve’s last meeting showing caution among policy makers […] This post is only…
Rocket barrages strike southern Israel in operation claimed by Hamas, Netanyahu says Israel is ‘at war’
Militants infiltrated areas of southern Israel as rocket barrages launched from the Gaza Strip struck the region on Saturday in an attack the Islamist movement Hamas is taking responsibility for.A senior Hamas […] This post is only…
Canada’s job gains triple expectations in September; unemployment rate at 5.5%
Canada’s economy more than tripled expectations by adding 63,800 jobs in September and wages continued to soar, data showed on Friday, upping the chances for another rate hike.The jobless rate […] This post is only…
Private payrolls rose 89,000 in September, far below expectations, ADP says
ADP reported that private job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate from Dow Jones. Job gains […] This post is only…