For the first time, Canada’s two main railway companies – Canadian National Railway and Canadian Pacific Kansas City – are on the verge of a simultaneous labour stoppage that could […]
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Aug 16: TSX Ends Higher Again
The Canadian market ended slightly up on Friday, moving up for a seventh straight session, with gains in the materials sector contributing to the positive close.Easing concerns about U.S. economic […]
Aug 16: Gold Futures Settle Higher On Weak Dollar, Rising Rate Cut Hopes
Gold prices moved higher on Friday thanks to a weak dollar and rising hopes of an interest rate cut by the Federal Reserve next month. Escalating tensions in the Middle […]
Calendar: Aug 19 – Aug 23
Monday August 19Japan core machine orders(8:30 a.m. ET) Canadian construction investment for June.(8:30 a.m. ET) Canadian household and mortgage credit for June.(10 a.m. ET) U.S. leading indicator for July. The […]
RBC, TD to pay millions to settle U.S. SEC charges over recordkeeping violations
RBC and TD Bank Group have agreed to pay tens of millions of dollars in penalties after being charged by the U.S. Securities and Exchange Commission over recordkeeping violations.RBC Capital […]
U.S. crude oil falls more than 2% as Qatar prime minister urges Iran to hold off on Israel attack
Qatar’s prime minister told Iran’s leader to refrain from attacking Israel while Gaza cease-fire negotiations are ongoing in Doha, according to The Washington Post. The talks are set to resume […]
Consumer spending jumped in July as retail sales were up 1%, much better than expected
Consumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported Thursday.Advanced retail sales accelerated 1% on the month, according […]
Franco-Nevada: Q2 Earnings Snapshot
Franco-Nevada Corp. (FNV) on Tuesday reported second-quarter earnings of $79.5 million.On a per-share basis, the Toronto-based company said it had profit of 41 cents. Earnings, adjusted for non-recurring costs, came […]
US: Annual inflation rate slows to 2.9% in July, lowest since 2021
Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table […]