Amid fierce competition, WestJet will wind down its Swoop subsidiary by late October as it folds the budget airline’s operations under its main banner, the airline said Friday.The move marks […]
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TSX breakouts: With a swift sell-off in May, this defensive dividend stock enters oversold territory
On today’s Breakouts report, there are 19 stocks on the positive breakouts list (stocks with positive price momentum), and 39 securities are on the negative breakouts list (stocks with negative […]
Crude Oil Sees Further Downside Amid Ongoing Demand Concerns
After ending the previous session off its worst levels but still notably lower, the price of crude oil saw further downside during trading on Friday.Crude for July delivery slumped $1.12 […]
Canada’s unemployment rate ticked up to 5.2% in May
Statistics Canada says the unemployment rate rose to 5.2 per cent in May, marking the first increase since August 2022.The federal agency says overall employment was little changed last month […]
China’s producer prices slump 4.6% in May, worse than expected
Economists surveyed by Reuters expected China’s consumer price index to rise 0.3% year-on-year after marking a two-year low of 0.1% in April. Month-on-month, economists predicted a 0.1% decline. Recent economic […]
Canada’s trade surplus widens to $1.94-billion as export volumes hit all-time high in April
Canada’s exports jumped 2.5 per cent in April and hit an all-time high by volume, while imports declined 0.2 per cent partly because of a fall in energy products, Statistics […]
Bank of Canada raises key interest rate to 4.75%, the highest level in 22 years. Here’s what’s next
The Bank of Canada has resumed its monetary policy tightening campaign, increasing its benchmark rate by a quarter percentage point on Wednesday.The decision lifts the policy rate to 4.75 per cent, the […]
U.S. Trade Deficit Widens Significantly As Exports Slump, Imports Jump
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in the month of April.The Commerce Department said the trade deficit increased to $74.6 […]
Bank Of Canada Resumes Raising Interest Rates
After leaving interest rates unchanged for two straight meetings, the Bank of Canada on Wednesday announced it has decided to once again raise rates.The Bank of Canada increased its target […]