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 […]
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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 […]
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 […]
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 […]
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) […]
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 […]
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 […]
Gold Futures Settle Modestly Higher
Published: 9/22/2023 2:56 PM ETGold futures settled modestly higher on Friday even as the dollar stayed firm amid bets the Federal Reserve will keep rates higher for longer to combat inflation.Gold […]
Magna joint venture in Michigan lays off 650 workers as UAW strike widens
A Magna International Inc. joint venture in Michigan has laid off 650 employees as the automotive industry braces for widening strikes by the United Auto Workers union in the United […]