Canada’s annual inflation rate fell to 2.5 per cent in July, largely driven by lower prices for travel tours, passenger vehicles and electricity.It was the lowest inflation rate since March, […]
Category: Uncategorized
Gold Holds Above $2500 Ahead Of Powell’s Jackson Hole Speech
Gold prices traded lower on Monday but held about $2.500 per ounce amid optimism that cooling U.S. inflation would kick off a cycle of interest rate cuts.A weaker dollar, heightened […]
AUG 19: Oil Extends Losses On China Demand Concerns
Oil prices fell on Monday to extend losses from the previous session amid concerns about the outlook for oil demand from China and U.S.-led efforts to secure a cease-fire in […]
Why Canada is on the verge of an unprecedented rail labor stoppage
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 […]
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 […]