The personal consumption expenditures price index showed that core inflation ran at a 2.9% seasonally adjusted annual rate in July, meeting estimates but higher than June. Consumer spending increased 0.5% […]
Category: Uncategorized
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Canada’s economy contracts more than expected in second quarter as tariffs hit exports
Canada’s economy contracted in the second quarter by a much larger degree than anticipated on an annualized basis as U.S. tariffs squeezed exports, but higher household and government spending cushioned […]
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Calendar: Aug 15 – Aug 29
Monday August 25 U.K. markets closed Germany business climate (10 a.m. ET) U.S. new home sales for July. The Street expects an annualized rate rise of 1.3 per cent. — […]
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Cenovus Energy to acquire MEG Energy in $7.9-billion deal
Canadian oil and gas producer Cenovus Energy CVE-T +4.35%increase said on Friday it will buy MEG Energy N/A in a cash-and-stock deal valued at $7.9-billion, including debt, to create one of the largest oil sands companies […]
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U.S. hikes steel, aluminum tariffs on more than 400 products including appliances, railcars, EV parts
The U.S. Commerce Department on Tuesday said it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with […]
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Canada’s inflation rate slows to 1.7% in July, raising odds of BoC rate cut
Canada’sinflation rate fell by slightly more than expected in July to 1.7 per cent, which economists say could pave the way for the Bank of Canada to resume cutting interest […]
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Calendar: Aug 18 – Aug 22
Monday August 18 (8:15 a.m. ET) Canadian housing starts for July. The Street is projecting an annualized rate decline of 4.0 per cent. (8:30 a.m. ET) Canada’s household and mortgage […]
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What are the sticking points of contention between Albert and the Cd. Govt’s economic policies
The main sticking points of contention between Alberta and the Canadian federal government’s economic policies in 2025 revolve around these key issues: 1. Trade and Tariff Policy Both Alberta and the […]