Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the slowing in price increases was not enough yet to determine a trend and that […]
Category: Uncategorized
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Scotiabank reduces global work force by 3% as Bay Street cuts deepen
Bank of Nova Scotia BNS-T -2.17%decrease is cutting 3 per cent of its global work force ahead of launching its strategic turnaround plan, deepening the streak of job cuts on Bay Street this […]
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TSX Ends Notably Lower On Widespread Selling
Published: 10/18/2023 5:37 PM ET The Canadian market ended on a weak note on widespread selling on Thursday with those from industrials and financials sectors suffering sharp losses. Rising bond yields, […]
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Wave of billion-dollar oil patch deals a sign of bullish Canadian energy sector
A wave of high-profile mergers and acquisitions in the Canadian oil patch is a sign of an industry that is flush with cash and increasingly confident in the short– and […]
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Canada’s inflation rate dips to 3.8% in September, surprising analysts
Canada’s inflation rate unexpectedly dipped in September, a result that alleviates pressure on the Bank of Canada to resume raising interest rates next week. The Consumer Price Index rose 3.8 per cent […]
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Oil falls below $90 a barrel on report of U.S.-Venezuela deal
Oil futures fell on Monday on a report the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while […]
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Oct 16 – At midday: North American stock markets rally as high-profile U.S. earnings loom
Canada’s main stock index climbed on Monday following a surge in information technology shares, while rising long-term government bond yields and risks of a potential escalation in the Middle East […]
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Tourmaline Oil to buy Bonavista Energy in deal worth $1.45-billion
Tourmaline Oil Corp. TOU-T +2.46%increase has signed an agreement to buy Bonavista Energy Corp. in a deal worth $1.45-billion. Under the acquisition, Tourmaline Oil will pay $725-million in shares and $725-million in cash, […]