Monday February 27Euro zone consumer and economic confidence(8:30 a.m. ET) Canada’s current account balance of Q4.(8:30 a.m. ET) U.S. durable and core orders for January. The Street is projecting month-over-month […]
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TD Bank says it received all required regulatory approvals for Cowen deal
TD Bank Group TD-T +0.49%increase says it has received all of the regulatory approvals required under its deal to buy U.S. investment bank Cowen Inc.The bank expects to close the acquisition on March […]
CIBC profit falls but tops forecasts on trading gains, lower loan-loss provisions
Canadian Imperial Bank of Commerce CM-T +2.74%increase reported lower first-quarter profit but beat analysts’ estimates as the lender set aside fewer loan loss reserves and benefited from a boost in trading activity.CIBC earned […]
Feb 24: Dow drops more than 300 points as a hot inflation report rattles Wall Street: Live updates
U.S. stocks fell sharply Friday after the Federal Reserve’s preferred inflation gauge showed a stronger-than-expected increase in prices last month.The Dow Jones Industrial Average fell by 364 points, or 1.1%. The S&P 500 and Nasdaq […]
What is the Personal Consumption Expenditures Price Index?
A measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The PCE price index is known for […]
CI Financial Reports Financial Results For The Fourth Quarter Of 2022
CI Financial Corp. (“CI”) (TSX:CIX.TO) today released financial results for the quarter ended December 31, 2022.“CI’s strong performance during an extended period of financial market volatility reflects the continued successful […]
Oil drops 3% as high inflation risks stoke demand worries
Oil prices fell by $2 per barrel to their lowest in two weeks on Wednesday, as investors became more concerned that recent economic data will mean more aggressive interest rate increases by central […]
Oil prices recoup weekly losses on the prospect of tighter supply
Oil prices rose on Friday and were close to trading positive for the week as the prospect of deeper-than-expected cuts in Russian supplies largely offset concerns that rising interest rates […]
Oil Prices Crash After Perky Jobs Data
By Julianne Geiger – Feb 03, 2023, 12:19 PM CSTCrude oil prices fell on Friday afternoon following reports of strong U.S. jobs data, with WTI crashing by more than 2.5% to $73.88The […]