Oil prices dipped in volatile trading on Thursday as concerns over global supply appeared to outweigh a build in U.S. fuel product inventories as OPEC+ decided stick to its measured […]
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Supreme Court says EPA does not have authority to set climate standards for power plants
Supreme Court says EPA does not have authority to set climate standards for power plantsThe Supreme Court on Thursday ruled the EPA does not have authority to set standards on […]
China’s Shenzhen stocks rise as data shows factory activity grew in June; Asia stocks slip
China’s Shenzhen stocks rise as data shows factory activity grew in June; Asia stocks slipChinese markets rose on Thursday as government data showed factory activity grew in June, but most […]
OPEC+ sticks with planned oil production hike as supply concerns weigh on energy markets
OPEC+ sticks with planned oil production hike as supply concerns weigh on energy marketsOPEC and non-OPEC partners, a group sometimes referred to as OPEC+, concluded a meeting via videoconference by […]
Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs
Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highsCore personal consumption expenditures prices, excluding food and energy, rose 4.7% from a year ago, slightly less than expected.Headline inflation […]
Air Canada reducing summer flights as industry faces ‘unprecedented strains’ on travel operations
Air Canada reducing summer flights as industry faces ‘unprecedented strains’ on travel operationsAir Canada, AC-T -2.29%decrease citing “unprecedented strains” on the airline industry from resurgent travel, says it is cancelling 154 flights per […]
U.S. economy contracts in first quarter; outlook murky as unsold goods accumulate
U.S. economy contracts in first quarter; outlook murky as unsold goods accumulateThe U.S. economy contracted slightly more than previously estimated in the first quarter as the trade deficit widened to […]
Why Canadian energy stocks are a no-brainer
Why Canadian energy stocks are a no-brainerCanadian oil and gas stocks were a compelling buy even before the sector’s latest drubbing. Now they’re almost a no-brainer.Over the past few weeks, […]
Mark Carney says global recession risk is ‘uncomfortably high,’ but Canada likely to fare better than most other countries
Mark Carney says global recession risk is ‘uncomfortably high,’ but Canada likely to fare better than most other countriesThe former governor of the central banks of Canada and England says […]