Gold prices drifted lower on Wednesday as the dollar moved up ahead of the release of the minutes of the Federal Reserve’s latest monetary policy meeting.Still, concerns about economic growth […]
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West Coast port strike risks derailing the economy – auto sector may suffer particularly
Brian Kingston is president and chief executive officer of the Canadian Vehicle Manufacturers’ Association.Recent economic indicators are starting to point in the wrong direction, with businesses anticipating slow growth ahead. […]
Vancouver port strike hitting potash exports at crunch time for overseas farmers
The strike at four British Columbia ports is putting more pressure on an already-stressed international potash shipping network, with overseas farmers potentially caught in the crosshair.Nutrien Ltd NTR-T +0.25%increase, The Mosaic Company […]
Oil prices steady as China demand fears offset tighter supply forecasts
Oil prices moved little in early Asian trade on Thursday as the prospect of tighter supply with output cuts from Saudi Arabia and Russia and a bigger-than-expected drop in U.S. crude […]
Canadian labor minister meets with provincial counterpart in day five of Canada’s port strike
Canadian Labor Minister Seamus O’Regan met with his provincial counterpart, British Columbia Labor Minister Harry Bains, in Vancouver on Wednesday to discuss the country’s west coast port strike. On Tuesday, […]
Aramco chief blames recessionary signals for low oil price, says ‘optimistic’ about future of demand
Saudi giant Aramco’s chief executive has attributed the ongoing depression of oil prices to recessionary fears and economic headwinds, painting a more optimistic landscape for demand to come. “This is […]
Saudi energy minister says latest Riyadh-Moscow oil cuts showed unity with Russia
On Monday, Saudi Arabia said it would extend the 1-million-barrel-per-day production cut it had initially flagged for July into August. Unlike alliance-wide OPEC+ policy decisions, voluntary production declines do not […]
Gold listless as investors wait for Fed’s June meeting minutes
Gold prices were flat on Tuesday in thin trading due to a U.S. holiday, while traders awaited the U.S. Federal Reserve’s minutes of the June meeting on Wednesday for more clues on […]
Calendar: July 3 – July 7
Monday July 3China Caixin Manufacturing Purchasing Managers Index (PMI). Also, Japan, UK and euro area manufacturing data.(945 am) U.S. S&P Global Manufacturing PMI for June.(10 am ET) U.S. ISM Manufacturing […]