Summary Bank of Nova Scotia is a quality high-yielding pick for patient investors due to its strong track record and steady revenue growth. BNS has a sizable footprint in emerging […]
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Calendar: Oct 16 – Oct 20
Monday October 16 Japan industrial production (8:30 a.m. ET) Canada’s manufacturing sales and orders for August. Estimates are month-over-month increases of 1.0 per cent and 1.1 per cent, respectively. (8:30 […]
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Oil Futures Settle Sharply Higher On Geopolitical Tensions
Published: 10/13/2023 3:15 PM ET Oil prices rose sharply on Friday amid rising concerns about the potential impact of the ongoing Israel – Hamas war on global crude supplies. Israel’s military […]
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Home sales dropped in September and prices will continue to fall in 2023, predicts real estate association
Canada’s national real estate association has downgraded its outlook for home sales and prices in 2023 for the second time this year as higher borrowing costs deepen the slowdown in […]
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Gold Inches Higher On Dovish Fed Commentary
Published: 10/12/2023 6:12 AM ET Gold prices rose on Thursday to test the $1,900 mark as the dollar and Treasury yields continued to fall on dovish Fed commentary. Spot gold rose […]
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TSX Rises Again, Ends 0.83% Up
Published: 10/11/2023 5:52 PM ET The Canadian market ended on a strong note on Wednesday, led by gains in communications, consumer discretionary and financials sectors. Several stocks from real estate, utilities, […]
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Oil tracks global equities higher, IEA demand downgrade weighs
Oil prices rose about 1 per cent on Thursday, reversing earlier falls, on expectations that U.S. interest rates had peaked, but a lower demand growth forecast for next year from […]
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Exxon Mobil’s US$59.5-billion bet on fossil fuels has implications for Canadian oil patch, experts say
Exxon Mobil Corp.’s XOM-N -3.59%decrease acquisition of Pioneer Natural Resources PXD-N +1.44%increase in a US$59.5-billion megadeal is being seen by some as a major vote of confidence in fossil fuels that also bodes well for the […]
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The close: Major indexes advance after Fed minutes (Oct 11)
U.S. and Canadian major stock indexes closed higher after a choppy session Wednesday, with the release of minutes from the U.S. Federal Reserve’s last meeting showing caution among policy makers […]