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Enbridge’s $4.6-billion equity sale raises hopes for revival in Canadian ECM issuance
A recent $4.6-billion capital raise by Enbridge ENB-T -1.23%decrease and a raft of new U.S. deals have spurred optimism for a revival in Canadian equity capital markets (ECM) issuance, bankers and lawyers said.Enbridge’s […] This post is only…
Sept 26 AM at the open: Resource stocks push TSX lower
Canada’s main stock index opened lower on Tuesday after a fall in commodity prices weighed on energy and materials stocks as demand concerns from China mounted while investors get ready […] This post is only…
Canada Energy Regulator rules in favour of Trans Mountain pipeline route deviation
The Canada Energy Regulator has approved Trans Mountain Corp.’s application to modify the pipeline’s route, a decision that could spare the government-owned pipeline project from an additional nine-month delay.The regulator […] This post is only…
Congress remains divided on budget negotiations as government shutdown looms: ‘Our financial ship is sinking’
Congress is still in a stalemate on the federal budget as GOP hard-liners refuse to budge on further spending cuts. “I don’t know what to think,” said Senate Majority Whip […] This post is only…
High inflation remains the ‘bigger risk’ to the U.S. economy, Fed’s Austan Goolsbee says
nflation staying stuck above the Fed’s 2 per cent target remains a greater risk than tight central bank policy slowing the economy more than needed to bring the pace of […] This post is only…
Ramp up in U.S. auto strike expected to affect Canadian parts producers
“It spreads the pain around to a new level,” said Sam Fiorani, vice-president of global vehicle forecasting at AutoForecast Solutions.The addition of distribution centres increase the chance of disrupting the […] This post is only…
Economic Calendar: Sept 25 – Sept 29
Monday September 25(8:30 a.m. ET) U.S. Chicago Fed National Activity Index for August.(10:30 a.m. ET) U.S. Dallas Fed Manufacturing Activity for September.Earnings include: Thor Industries Inc.—Tuesday September 26(8:30 a.m. ET) […] This post is only…
Crude Oil Futures Settle Higher For The Day, But Post First Weekly Loss In 4
Published: 9/22/2023 3:24 PM ETOil prices briefly fell into the red a little past noon on Friday, but recovered swiftly to end the day’s session on a firm note.Russia’s decision to […] This post is only…
Sept 22, 2023 -the close: TSX down for fifth straight day, posts biggest weekly decline of 2023
Canada’s main stock index fell for a fifth straight day on Friday as investors worried that borrowing costs would stay elevated for an extended period and waited for a more […] This post is only…