One of the country’s largest grocers is seeing signs that food inflation has hit its peak in Canada, as requests for cost increases from product suppliers have begun to slow […]
Category: Uncategorized
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CIBC fined $3-million over delays in transferring credit card balances to new cards
Canadian Imperial Bank of Commerce CM-T -1.33%decrease will pay a $3-million penalty after the financial institution watchdog for consumers said that the lender failed to transfer some credit card transactions to new cards […]
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Gold hovers near 3-month low, set for biggest weekly drop since February
Gold hovered near a three month low on Friday and was set for its biggest weekly drop since February, as the dollar strengthened after U.S. Federal Reserve Chief Jerome Powell […]
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Oil resumes slide on demand worries after latest rate hikes
Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower […]
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U.S. Weekly Jobless Claims Remain At Highest Level Since October 2021
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 […]
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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 […]
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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 […]
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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 […]
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Calendar: June 19 – June 23
Monday June 19 U.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 […]