Monday, July 31China releases purchasing managers indexes for July. Japan releases June retail sales and industrial production data, plus July consumer confidence.Euro area releases real GDP for second quarter, plus […]
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Gold Futures Settle Higher As Dollar Turns Weak
Published: 7/28/2023 3:06 PM ETGold futures settled higher on Friday as the dollar turned weak after data on personal consumption expenditure indicated a slowdown in U.S. inflation.The data has helped ease […]
Oil Futures Settle Higher, Post 5th Straight Weekly Gain
Published: 7/28/2023 3:31 PM ETOil prices climbed higher on Friday, and the most active gold futures contract posted gains for the fifth straight week, amid easing U.S. recession fears, and on […]
U.S. price and wage increases slow further in latest signs of cooling inflation
Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years […]
Imperial Oil’s quarterly profit plunges 72% as production, prices drop
Canada’s Imperial Oil IMO-T +5.26%increase reported a 72 per cent drop in second-quarter profit on Friday as maintenance activity hit its production while a slump in energy prices further dented earnings.Global oil prices […]
Canadian economy grew 0.3% in May, but looks to have contracted in June
The Canadian economy grew by 0.3 per cent in May despite downward pressure from wildfire-hit oil and gas production but it looks to have slowed in June, Statistics Canada said […]
TC Energy shares sink on plans to spin off oil pipeline business
Shares of TC Energy TRP-T -5.12%decrease fell nearly 5 per cent on Friday after the Keystone pipeline operator said it would spin off its liquids business to focus on transporting natural gas.The spinoff, […]
European Central Bank raises rates to 23-year high; keeps options open for September
The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the door open to further tightening as stubborn inflation and a growing risk of […]
U.S. economic growth accelerates in second quarter; weekly jobless claims fall
The U.S. economy grew faster than expected in the second quarter as labour market resilience underpinned consumer spending, while businesses boosted investment in equipment, potentially keeping a much-feared recession at […]