Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that the U.S. central bank likely has more interest rate rises ahead amid signs the recent banking sector troubles have been contained. To keep inflation on a sustained […]
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Tues (Apr 4) Canadian Market Retreats After Firm Start, Ends Flat
After seven successive days of gains, the Canadian market turned a bit weak on Tuesday, but still managed a good recovery to eventually end the day’s session with just a […]
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What will Glencore do now that Teck’s controlling shareholder is not on board with its takeover?
The day after Glencore PLC GLNCY +1.14%increase launched an unsolicited US$23.1-billion takeover offer for Canada’s Teck Resources Ltd. TECK-B-T -0.51%decrease, and Gary Nagle, Glencore’s chief executive officer, expounded publicly for hours on its merits, the […]
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Tourmaline Oil Corp. (TSE:TOU) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Simply Wall St Mon, April 3, 2023 at 6:43 AM CDT·4 min read With its stock down 11% over the past three months, it is easy to disregard Tourmaline Oil […]
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Magna responds to $400M lawsuit filed against it on behalf of trafficked Mexican migrants
A $400-million lawsuit against four businesses, two of them large corporations, filed on behalf of a group of Mexican migrants who were illegally trafficked across the GTA and housed in […]
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China’s rare earths industry has a raw materials problem
65 Mary Hui Mon, April 3, 2023 at 6:00 AM CDT·3 min read In this article: MP-2.60% China may already dominate the world’s supply chains of rare earth metals. Even so, […]
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TSX Rises Past 20k Mark, Ends Higher For 6th Straight Day
Published: 3/31/2023 6:09 PM ET The Canadian market extended its winning streak to a sixth session with stocks from technology, consumer discretionary and industrials sectors posting strong gains on Friday. The mood […]
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OPEC+ just made the Fed’s job more complicated. Here’s why they did it — and what could be next
Several OPEC+ members on Sunday announced intentions to voluntarily cut a further combined 1.16 million barrels per day of production, in a move independent from the broader bloc’s output strategy. […]
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Teck Resources rejects unsolicited acquisition proposal from Glencore
Canada’s Teck Resources Ltd TECK-B-T +0.80%increase said on Monday that its board has unanimously rejected an unsolicited acquisition proposal from Swiss commodity firm Glencore Plc. U.S.-listed shares of Teck rose 10 per cent […]