The Dow Jones Industrial Average and the S&P 500 rose Thursday as investors poured into cyclical stocks poised to benefit from an accelerating economy and rotated out of technology shares such as […]
Category: Uncategorized
U.S. weekly unemployment claims hit seven-month low
The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month […]
Nov 21: At midday: TSX hits record high on energy boost
Canada’s main stock index notched a record high on Thursday amid gains led by energy shares, while investors assessed AI bellwether Nvidia’s upbeat quarterly results that dictated overall market sentiment.At […]
Metro plans to open more discount stores next as inflation-hit shoppers hunt for value
Grocery retailer Metro Inc.MRU-T -0.32%decrease plans to open more discount stores next year, as Canadian shoppers hit hard by inflation continue to look for value.The Montreal-based retailer on Wednesday announced plans for […]
U.S. crude and gasoline inventories rose last week, while distillates post drop: EIA
U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration said on Wednesday.Crude inventories rose by 545,000 […]
George Weston (WN) reports drop in third-quarter profit on large one-time charge
George Weston Ltd. WN-T -2.26%decrease reported a third-quarter profit attributable to common shareholders of $15-million compared with a profit of $610-million in the same quarter a year ago as it was hit by […]
TC Energy forecasts higher 2025 core profit on natural gas, electricity demand
TC Energy TRP-T said on Tuesday it expects 2025 core profit to be in the range of about $10.7-billion to $10.9-billion, higher than its 2024 forecast of $9.9-billion to $10.1-billion, due to […]
Inflation rises to 2 per cent, dulling case for big BoC rate cut
Canada’s inflation rate perked up in October, weakening the case for the Bank of Canada to make another outsized cut to interest rates next month.The Consumer Price Index rose at an annual rate of […]
Calendar: Nov 18 – Nov 22
Monday November 18Japan core machine ordersEuro zone trade surplus(8:15 a.m. ET) Canadian housing starts for October. Estimate is an annualized rate rise of 2.8 per cent.(8:30 a.m. ET) Canada’s international […]