Markets will be laser focused on the U.S. Federal Reserve this week, which is expected to keep the Fed funds target range unchanged at 5.25% to 5.50% after it was […]
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Loblaw workers approve action to strike
More Canadian grocery workers may go on strike at the end of the month, according to reporting from CBC Radio-Canada.Employees at Real Canadian Superstore, No Frills, and Extra Foods in Manitoba have […]
UAW strikes at GM, Ford, Stellantis plants after no new contract reached
The United Auto Workers union went on strike at three plants owned by the Big Three automakers – General Motors, Ford and Stellantis – after the two sides did not reach […]
China Industrial Output, Retail Sales Growth Improve In August
Published: 9/15/2023 12:24 AM ETChina’s industrial production and retail sales growth improved more than expected in August, official data revealed on Friday.Industrial production posted an annual increase of 4.5 percent, the […]
Gold Inches Higher As ECB Signals End To Rate Hikes
Published: 9/15/2023 6:05 AM ETGold prices inched higher on Friday, as the dollar retreated after refreshing a six-month high on strong U.S. data released overnight.Spot gold rose 0.4 percent to $1,918.38 […]
Oil Prices Gain On Optimism Over China Demand Outlook
Published: 9/15/2023 5:51 AM ETOil prices rose on Friday and were on track for a third consecutive week of gains on news that Chinese refiners broke refining rate records in August.Benchmark […]
Sept 15 AM: Bay Street Likely To Open On Firm Note
Canadian shares look headed for a positive start on Friday, tracking European markets and higher commodity prices following encouraging economic data from China and easing concerns about interest rates.CGI Group, Inc.(GIB, GIB-A.TO) […]
Gold Slips As Investors Await ECB Decision
Published: 9/14/2023 5:39 AM ETGold prices were subdued on Thursday after U.S. consumer inflation data came in hotter than expected, keeping bets of more Fed rate hike alive.Spot gold slipped 0.1 […]
Oil prices rebound as market refocuses on supply tightness
Oil rebounded on Thursday as expectations of a tighter global crude supply outlook for the rest of 2023 overshadowed concerns over weaker economic growth and rising U.S. inventories.Saudi Arabia and […]