Published: 8/23/2023 5:40 AM ETOil prices were moving lower on Wednesday as weak business activity reports from Asia and Europe stoked concerns over waning demand.The downside remained capped somewhat as bullish inventory data […]
Category: Uncategorized
Gold Edges Higher As Investors Await Powel’s Speech
Published: 8/23/2023 5:52 AM ETGold prices inched higher on Wednesday, the dollar traded mixed against rivals and bond yields retreated as traders looked ahead to the Jackson Hole symposium at the […]
Calendar: Aug 21 – Aug 25
Monday August 21, Germany producer prices (8:30 a.m. ET) Canada’s new housing price index for July. Estimate is an increase of 0.2 percent from June and down 0.6 percent year-over-year.Earnings […]
Aug 15 The close: TSX drops the most in 10 months as inflation data spooks investors
Canada’s main stock market posted on Tuesday its biggest decline since October after hotter-than-expected domestic inflation data and U.S. retail sales numbers fanned concerns of more interest rate hikes.The Toronto […]
Canadian inflation jumps in July, raising prospect of another interest rate hike
Canada’s annual inflation rate surged more than expected to 3.3 per cent in July as core measures eyed by the central bank remained stubbornly high, data showed on Tuesday, increasing […]
Cargojet reports second-quarter profit and revenue down from year ago
Cargojet Inc. CJT-T +8.79%increase reported net income of $31.1-million in its latest quarter, down from $160.9-million in the same quarter last year as its revenue moved lower.The air cargo company said Monday its […]
Calendar: What investors need to know for the week ahead
Monday August 14(10:30 a.m. ET) Bank of Canada Senior Loan Officer Survey for Q2.Earnings include: Africa Oil Corp.; Boralex Inc.; Cargojet Inc.; Premium Brands Holdings Corp.–Tuesday August 15China industrial production, […]
Wholesale prices rose 0.3% in July, higher than expected
The producer price index rose 0.3% for the month, slightly higher than the 0.2% estimate. On a year-over-year basis, headline PPI was up just 0.8%. Prices excluding food, energy and […]
Power Corporation Reports Second Quarter 2023 Financial Results
Net earnings [2] were $501 million or $0.75 per share [3] for the second quarter of 2023, compared with $601 million or $0.89 per share in 2022. Adjusted net earnings [2][4] were $847 million or $1.27 per share, compared with $647 million or $0.97 per share in the second quarter of 2022. Adjusted […]