First-time claims for U.S. unemployment benefits were unchanged in the week ended June 17th, according to a report released by the Labor Department on Thursday.The report said initial jobless claims […]
Category: Uncategorized
Bank of England surprises with 50 basis point rate hike to tackle persistent inflation
Thursday’s 50 basis point hike surprised markets, which had priced in a smaller rise. Policymakers are walking a tightrope as they attempt to tighten monetary policy sufficiently to quell inflationary […]
Rate cuts, hikes and pauses: The world’s central banks just made very different decisions
The European Central Bank on Thursday increased interest rates, after the Federal Reserve opted to pause. Just days before that, China’s central bank lowered its key medium-term lending rates, and […]
Oil prices fall on Chinese economic growth uncertainties
Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the […]
Calendar: June 19 – June 23
Monday June 19U.S. markets closed (Juneteenth)(8:30 a.m. ET) Canadian industrial product and raw materials price indexes for May. Estimate are month-over-month declines of 0.5 per cent and 1.0 per cent, […]
Potash prices are down, but the stocks are looking attractive
Potash prices are in the dumps, but the battered shares of companies that produce the crop nutrient have been nudging higher, suggesting the worst days for the sector may be […]
Canadian wholesale sales excluding petroleum products, oilseeds and grains down in April
Statistics Canada says wholesale sales excluding petroleum, petroleum products, and other hydrocarbons as well as oilseeds and grains fell 1.4 per cent to $80.9-billion in April.The agency says the drop […]
Canada freezes ties with China-led AIIB, probes allegations of Communist domination
Canada is freezing ties with the China-led Asian Infrastructure Investment Bank while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday.Freeland said she did not rule out any […]
China cuts a key policy rate for first time in 10 months as economic rebound cools
The People’s Bank of China lowered the rate on 237 billion Chinese yuan ($33 billion) of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points. […]