Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and […]
Category: Uncategorized
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Economic Calendar: Sept 18 – Sept 22
Markets will be laser focused on the U.S. Federal Reserve this week, which is expected to keep the Fed funds target range unchanged at 5.25% to 5.50% after it was […]
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Loblaw workers approve action to strike
More Canadian grocery workers may go on strike at the end of the month, according to reporting from CBC Radio-Canada. Employees at Real Canadian Superstore, No Frills, and Extra Foods in Manitoba […]
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UAW strikes at GM, Ford, Stellantis plants after no new contract reached
The United Auto Workers union went on strike at three plants owned by the Big Three automakers – General Motors, Ford and Stellantis – after the two sides did not reach […]
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China Industrial Output, Retail Sales Growth Improve In August
Published: 9/15/2023 12:24 AM ET China’s industrial production and retail sales growth improved more than expected in August, official data revealed on Friday. Industrial production posted an annual increase of 4.5 […]
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Gold Inches Higher As ECB Signals End To Rate Hikes
Published: 9/15/2023 6:05 AM ET Gold prices inched higher on Friday, as the dollar retreated after refreshing a six-month high on strong U.S. data released overnight. Spot gold rose 0.4 percent […]
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Oil Prices Gain On Optimism Over China Demand Outlook
Published: 9/15/2023 5:51 AM ET Oil prices rose on Friday and were on track for a third consecutive week of gains on news that Chinese refiners broke refining rate records in […]
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Sept 15 AM: Bay Street Likely To Open On Firm Note
Canadian shares look headed for a positive start on Friday, tracking European markets and higher commodity prices following encouraging economic data from China and easing concerns about interest rates. CGI Group, Inc.(GIB, […]
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Gold Slips As Investors Await ECB Decision
Published: 9/14/2023 5:39 AM ET Gold prices were subdued on Thursday after U.S. consumer inflation data came in hotter than expected, keeping bets of more Fed rate hike alive. Spot gold […]