Laurentian Bank of Canada LB-T +0.45%increase is up for sale, with larger rivals now circling the country’s ninth-largest lender in pursuit of a deal that would continue a trend toward consolidation in financial […]
Category: Uncategorized
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Gold Futures Settle At Near 3-week High As Dollar Drifts Lower
Published: 7/11/2023 2:16 PM ET Gold prices climbed higher on Tuesday, lifting the most active futures contract to a near three-week closing high. A weak dollar and lower Treasury yields contributed […]
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Crude Oil Futures Settle Higher
Published: 7/11/2023 3:19 PM ET Crude oil futures settled higher on Tuesday, lifted by the Energy Information Administration’s forecast of a drop in oil production and the International Energy Agency’s forecast […]
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July 11 – TSX Ends Modestly Higher
The Canadian market ended modestly higher on Tuesday, aided by gains in energy shares. Movements were somewhat lackluster with investors largely staying cautious ahead of the Bank of Canada’s interest […]
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July 10 – TSX Ends Slightly Down
| Published: 7/10/2023 5:34 PM ET Canadian stocks turned in a mixed performance on Monday as investors largely stayed cautious ahead some key U.S. economic data, including a report on consumer price […]
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Bank of Canada expected to raise interest rate in the face of mixed signals
A month after surprising markets by restarting interest rate hikes, the Bank of Canada is widely expected to ratchet up borrowing costs again this week, despite the continuing decline in inflation and mixed signals […]
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BoC Rate Hikes
https://www.msn.com/en-ca/video/money/canadian-banks-poised-for-0-25-interest-rate-hike-lot-of-pain-yet-to-come-economist-says/vi-AA1dBZ5d?ocid=msedgntp
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Calendar: July 10 – July 14
Monday July 10 China’s aggregate yuan financing, new loans, money supply, CPI and PPI Japan’s bank lending (8:30 a.m. ET) Canadian building permits for May. Estimate is a month-over-month increase […]
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Payrolls rose by 209,000 in June, less than expected, as jobs growth wobbles
Nonfarm payrolls increased 209,000 in June, below the consensus estimate for 240,000. The unemployment rate was 3.6%, down 0.1 percentage point. However, a more encompassing jobless level rose to 6.9%. […]