The American economy expanded at a healthy 3 per cent annual pace from April through June, boosted by strong consumer spending and business investment, the government said Thursday, leaving its […]
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U.S. oil inventories fall more than forecast, crude at 2½-year low: EIA
U.S. oil inventories fell across the board last week, the Energy Information Administration said on Wednesday, drawing down more than expected and with crude oil stockpiles hitting their lowest level […]
Lightspeed Commerce latest Canadian tech company put up for sale
Lightspeed Commerce Inc.LSPD-T +13.28%increase is officially up for sale, the latest in a series of Canadian tech companies to consider going private following a stock market slump after pandemic restrictions were lifted.The […]
Strike at Vancouver grain terminals leaves ships at anchor
Ships are being forced to stay at anchor after a strike that began this week at six Vancouver grain terminals created bottlenecks in the supply chain from the Prairies to […]
Statistics Canada says population grew 0.6 per cent in Q2 to 41,288,599
Statistics Canada says the population of the country reached an estimated 41,288,599 on July 1.The agency says the total means 250,229 people were added in the second quarter of the […]
Hunting for value in gold stocks as bullion hits record highs
What are we looking for?The Bank of Canada is well into a cycle of interest-rate cuts, with the U.S. Fed expected to join it this week. In Canada we have […]
Calendar: Sept 23 – Sept 27
Monday September 23Japan markets closedEuro zone PMI(8:30 a.m. ET) Canada’s new housing price index for August. Estimate is a rise of 0.1 per cent from July and 0.1 per cent […]
Canadian retail sales up 0.9% to $66.4-billion in July
Statistics Canada says retail sales rose 0.9 per cent to $66.4-billion in July, helped by stronger new car sales.The agency says sales were higher in seven of the nine subsectors […]
Federal Reserve cuts interest rates by half-point; first rate reduction in four years
The Federal Reserve on Wednesday announced a long-awaited interest rate cut, lowering the benchmark rate by 50 basis points from what was the highest level in 23 years as the central bank […]