Category: Uncategorized
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Bank of Canada cuts key rate to 4.5%
The Bank of Canada lowered its benchmark interest rate for the second consecutive time on Wednesday and said that it is now putting more emphasis on downside risks to economic […] This post is only available to members. If you are already a member then cleck here to Login log in
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CN Rail lowers 2024 earnings forecast due to strike uncertainty
Canadian National Railway Co. says it earned $1.11 billion in the second quarter, though it lowered its forecast for earnings growth as it faces the threat of a worker strike. […] This post is only available to members. If you are already a member then cleck here to Login log in
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China Lowers Policy Rates To Prop Up Growth
By Renju Jaya ✉ | Published: 7/22/2024 2:07 AM ET | China lowered its short-term policy rate as well as benchmark lending rates on Monday, in order to prop up growth. The People’s Bank of […] This post is only available to members. If you are already a member then cleck here to Login log in
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Calendar: July 22 – July 16
Monday July 22 Earnings include: Cleveland-Cliffs, Verizon, Nucor Tuesday July 23 Euro area consumer confidence 830 am ET: Canada new housing price index for June 10 am ET: U.S. existing […] This post is only available to members. If you are already a member then cleck here to Login log in
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U.S. weekly unemployment claims increase more than expected, but no material shift in labour market
The number of Americans filing new applications for unemployment benefits rose more than expected last week, but there has been no material shift in the labour market and the data […] This post is only available to members. If you are already a member then cleck here to Login log in
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U.S. crude stockpiles fall sharply, fuel builds: EIA
U.S. crude oil stockpiles last week fell more than expected, while gasoline and distillate inventories rose, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 4.9 million […] This post is only available to members. If you are already a member then cleck here to Login log in
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Canada’s inflation rate eases more than expected in June to 2.7%, raising bets of July rate cut
Canada’s annual inflation rate cooled more than expected to 2.7% in June, largely due to softer growth in gas prices, while core inflation measures were marginally down, Statistics Canada said […] This post is only available to members. If you are already a member then cleck here to Login log in
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July 16 – At midday: TSX hits record high after cooler-than-expected inflation data
Canada’s main stock index hit a record high on Tuesday after domestic annual inflation eased more than expected in June, boosting hopes for another rate cut by the Bank of […] This post is only available to members. If you are already a member then cleck here to Login log in
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Gold futures jump to record above $2,460 an ounce on hopes Fed will soon cut rates
Gold futures prices jumped to a record high Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Spot gold climbed 1.4% to $2,454.77. Gold futures […] This post is only available to members. If you are already a member then cleck here to Login log in