The Bank of Canada has increased its benchmark interest rate to 5 per cent and pushed out the timeline for getting consumer prices under control, warning that the downward momentum of inflation could stall […]
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Saudi output cuts help drive up one corner of global oil market
Prices for sour crude oil have climbed globally this month after top exporter Saudi Arabia hiked prices and expanded production cuts of higher-sulfur oil in the first sign its efforts […]
Oil rises as U.S. inflation cools
Oil benchmark Brent futures breached $80 a barrel for the first time since May on Wednesday after U.S. inflation data suggested the interest rate hike cycle in the world’s biggest […]
Gold rallies after report shows U.S. inflation cooling
Gold rallied Wednesday after new data showed inflation in the United States was cooling, suggesting the Federal Reserve may only hike interest rates one more time this year.Spot gold last gained […]
Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases
The consumer price index rose 0.2% in June and was up 3% from a year ago, the lowest level since March 2021. Excluding food and energy, core CPI increased 0.2% […]
Laurentian Bank puts itself up for sale, hires advisers to approach other Canadian lenders
Laurentian Bank of Canada LB-T +0.45%increase is up for sale, with larger rivals now circling the country’s ninth-largest lender in pursuit of a deal that would continue a trend toward consolidation in financial […]
Gold Futures Settle At Near 3-week High As Dollar Drifts Lower
Published: 7/11/2023 2:16 PM ETGold prices climbed higher on Tuesday, lifting the most active futures contract to a near three-week closing high.A weak dollar and lower Treasury yields contributed to the […]
Crude Oil Futures Settle Higher
Published: 7/11/2023 3:19 PM ETCrude oil futures settled higher on Tuesday, lifted by the Energy Information Administration’s forecast of a drop in oil production and the International Energy Agency’s forecast about […]
July 11 – TSX Ends Modestly Higher
The Canadian market ended modestly higher on Tuesday, aided by gains in energy shares.Movements were somewhat lackluster with investors largely staying cautious ahead of the Bank of Canada’s interest rate […]