Powell vows that the Fed is ‘acutely focused’ on bringing down inflationFederal Reserve Chairman Jerome Powell on Friday reiterated the central bank’s commitment to bringing down inflation.In remarks to a […]
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China’s property troubles have pushed one debt indicator above levels seen in the financial crisis
China’s property troubles have pushed one debt indicator above levels seen in the financial crisisDriving the new record high in risky ratings was a spate of downgrades on Chinese real […]
Airline stocks tumble as economic concerns overshadow travel surge
Airline stocks tumble as economic concerns overshadow travel surgeAirline stocks have dropped more than the broader market.Spring and summer travel demand have surged despite higher fares.Economic concerns from inflation and […]
Jolted by the Ukraine war and China’s aggression, Japan looks to boost its defense capability
Jolted by the Ukraine war and China’s aggression, Japan looks to boost its defense capabilityJapan “will not rule out any options, including so-called ‘counterstrike capabilities,’ and will realistically consider what […]
Airline stocks tumble as economic concerns overshadow travel surge
Airline stocks tumble as economic concerns overshadow travel surgeAirline stocks have dropped more than the broader market.Spring and summer travel demand have surged despite higher fares.Economic concerns from inflation and […]
North American stock markets tumble as global recession fears intensify after Fed rate hike
North American stock markets tumble as global recession fears intensify after Fed rate hikeMarkets worldwide are back to tumbling on Thursday, and Wall Street is down roughly 3% in a […]
Bank of Canada likely to mirror 0.75% Fed hike next month, say economists
Bank of Canada likely to mirror 0.75% Fed hike next month, say economistsThe Federal Reserve raising its key interest rate by three-quarters of a percentage point – its largest hike […]
Wealthsimple cuts 13% of workforce as tech job woes deepen
Wealthsimple cuts 13% of workforce as tech job woes deepenOnline bank challenger Wealthsimple Technologies Inc. has laid off 13 per cent of its employees as market conditions rock the technology […]
Canadian home sales, prices fall for second consecutive month in May as ‘new interest-rate reality’ sinks in
Canadian home sales, prices fall for second consecutive month in May as ‘new interest-rate reality’ sinks inCanadian home prices and sales dropped in May in a second straight month, as […]