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 […]
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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 […]
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 […]
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 […]
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 […]
Canadian Stocks Extending Losses As Bond Yields Rise To 16-year High
Published: 10/3/2023 12:13 PM ETIt’s turning out to be another weak outing for stocks on Bay Street, with investors pressing sales at several counters across the board on Tuesday, as U.S. […]
Oct 2 @ The close: TSX dives to lowest in a year as U.S. bond yields reach new peak, dividend stocks skid
Canada’s benchmark stock index closed down 1.8% on Monday to its lowest in almost a year in a selloff that far outpaced Wall Street and inflicted damage on dividend-rich sectors […]
Oct 2 @ midday: TSX plummets to near seven-month low as commodity-linked stocks drop
Canada’s main stock index fell to a near seven-month low as a decline in gold and oil prices dragged commodity-linked shares down, with a sharp rise in benchmark U.S. Treasury […]
Senate passes stopgap measure in 88-9 vote, averting shutdown with three hours to spare
The U.S. Senate approved a stopgap spending measure to avert a government shutdown with just three hours to spare in a Saturday night vote. The final vote was 88-9.The House passed the short-term […]