Canada’s annual inflation rate eased more than expected to 5.9 per cent in January, data showed on Tuesday, backing up the Bank of Canada’s declared aim to keep rates on […]
Category: Uncategorized
Cenovus Energy posts fourth-quarter profit, names Jon McKenzie as new CEO
Cenovus Energy Inc CVE-T -2.07%decrease posted a net profit for the fourth quarter on Thursday, compared with a loss last year, and said Chief Operating Officer Jon McKenzie would become its president and […]
Oil slips on U.S. stock build, trading in narrow range
Oil prices edged lower on Thursday after a large build in U.S. crude inventories but continued to trade in a narrow range as hopes for a Chinese demand recovery remained […]
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
The European Union’s embargo on Russian oil products came into effect on Feb. 5, building on the $60 oil price cap implemented by the G-7 (Group of Seven) major economies on Dec. […]
A ‘cocktail’ of sticky inflation and a tight labor market boosts Bank of England rate hike bets
The market probability of a further 25 basis point increase at the Monetary Policy Committee’s next meeting nudged up past 73% on Wednesday, according to Refinitiv data. The U.K. annual […]
Canadian Tire sales flat as inflation-weary consumers spend on essentials but cut back elsewhere
Retail sales were flat in the fourth quarter for Canadian Tire Corp. Ltd., as the company’s automotive business continued to offset declines in demand for products such as home improvement […]
Auto Industry Leaders Emphasize Urgency Of Canadian EV Response As U.S. Cash Flows
The Canadian Press – Canadian Press – Wed Feb 8, 10:24AM CSTTORONTO — Automotive industry leaders say the need for Canada to take action on the electric vehicle transition has taken on significantly […]
Magna shares drop as CIBC lowers stock on VW exposure
Magna International (TSE:MG) fell on Wednesday after CIBC downgraded North America’s largest auto-parts supplier in the wake of the Volkswagen emissions scandal. Shares were trading at $61.06, down 2.1%, at 1:07 p.m. […]
UPDATED THU, FEB 9 2023
European markets higher as investors weigh up economic outlookEuropean markets were higher Thursday as investors weighed up the economic outlook and interest rate trajectory.https://www.cnbc.com/2023/02/09/european-markets-live-updates-stocks-data-earnings-and-news.html