Hurricane Otis unleashed a “nightmare scenario” on Acapulco in southern Mexico Wednesday morning after the storm rapidly intensified into a Category 5 just before landfall and gave officials and residents […]
Category: Uncategorized
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Chevron to buy Hess Corp for US$53-billion in second oil mega-merger in weeks
Chevron Corp CVX-N -3.61%decrease agreed to buy Hess HES-N -0.91%decrease for $53 billion in stock to gain a bigger U.S. oil footprint and a large stake in rival Exxon Mobil Corp’s XOM-N -1.92%decrease massive Guyana discoveries, the latest in […]
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Oil slips as investors watch diplomatic moves in Gaza war
Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to contain the conflict between […]
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Bank of Canada expected to hold interest rates this week as inflation slows
The Bank of Canada is widely expected to hold the line on interest rates this week after inflation fell unexpectedly in September while economic growth continues to flounder. Until a […]
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Oct 23 At the open: TSX starts lower as investors prepare for Bank of Canada interest rate decision
Canada’s main stock index moved lower on Monday, hurt by a sell-off in energy and materials stocks as prices of most commodities fell, while rising government bond yields kept adding […]
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Banking regulator asks lenders to set aside more capital as mortgage risks mount
Canada’s main banking regulator has directed lenders to hold more capital against mortgages that have seen their repayment terms extend beyond the original terms due to the record pace of […]
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Calendar: Oct 23 – Oct 28
Monday October 23 Euro zone consumer confidence (8:30 a.m. ET) U.S. Chicago Fed National Activity Index for September. (2 p.m. ET) U.S. budget balance for September. Earnings include: PrairieSky Royalty […]
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Dow closes nearly 300 points lower after 10-year Treasury yield tops 5% for the first time since 2007: Live updates
Stocks retreated Friday as a surge in the 10-year Treasury yield prompted broader concerns about the state of the economy. The S&P 500 shed 1.26% to 4,224.16 and registered its first losing week in […]