Monday December 18 Bank of Japan monetary policy meeting (through Tuesday) (8:30 a.m. ET) Canadian construction investment for October. (8:30 a.m. ET) Canada’s new housing price index for November. Estimate […]
Category: Uncategorized
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TSX Ends Sharply Lower
Published: 12/15/2023 5:18 PM ET | The Canadian market ended sharply lower on Friday as stocks fell on sustained selling pressure, after Bank of Canada Governor Tiff Macklem said the bank is […]
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Bank of Canada’s Macklem expects inflation to be ‘close to’ 2 per cent target by late 2024
Bank of Canada Governor Tiff Macklem said that inflation could be “getting close to” the bank’s target by the end of next year, and laid out conditions under which the […]
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Retail sales rose 0.3% in November vs. expectations for a decline
Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%. Sales held up despite a […]
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Cenovus Energy forecasts higher production from its U.S. refineries in 2024
Cenovus Energy CVE-T +1.83%increase said on Thursday it expects higher production from its U.S. refineries in 2024 as the Canadian company’s two refineries restarted operating at full capacity. The company had been grappling […]
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Canadian manufacturing sales down 2.8% to $71.0-billion in October
Statistics Canada says manufacturing sales fell 2.8 per cent to $71.0-billion, led by a drop in petroleum and coal product sales as well as lower sales in the machinery and […]
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World oil demand next year to rise faster than expected, IEA says
World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term oil use remains robust despite […]
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Sobeys parent Empire sees profit slip despite gains in grocery business
Sobeys parent company Empire Co. Ltd.EMP-A-T -7.45%decrease reported sales and earnings growth in its grocery business in the second quarter, while income from investments and other operations led to an overall decline […]
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Pembina Pipeline to buy Enbridge’s JV interests for $3.1-billion
Pembina Pipeline PPL-T -2.97%decreasesaid on Wednesday it would buy Enbridge’s ENB-T -0.10%decreaseinterests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for $3.1 billion. Alliance delivers liquids rich natural gas sourced in Northeast […]