National Bank of Canada (NA-T -0.80%decrease, Wednesday’s close $112.92) remained in a wide horizontal trading range mostly between $85 and $105 for about two years (dashed lines). Earlier this year, the […]
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Cenovus Energy to invest $1.5-billion in Ohio refineries over next five years
Cenovus Energy CVE-T -3.15%decrease on Thursday said it plans to invest $1.5-billion in its Ohio refineries over the coming five years, including Lima and Oregon.The investment in Ohio refineries include maintenance, reliability measures […]
Dow falls more than 400 points, Treasury yields jump after strong inflation data: Live updates
Stocks tanked on Wednesday after March inflation data came in hotter than expected, likely pushing off interest rate cuts by the Federal Reserve that investors have been anticipating.The Dow Jones Industrial Average dropped 436 […]
China says economy ‘stable,’ rejects Fitch Ratings downgrade of its fiscal outlook
China’s Finance Ministry denounced a report by Fitch Ratings that kept its sovereign debt rated at A+ but downgraded its outlook to negative, saying Wednesday that China’s deficit is at […]
Bank of Canada seen keeping rates on hold
The Bank of Canada (BoC) is expected to hold its key overnight rate steady on Wednesday, with economists and analysts hoping to get some direction on the timing of its […]
Calendar: April 8 – April 12
Monday April 8China foreign reserves, aggregate yuan financing and new yuan loansJapan real cash earningsGermany industrial production and trade surplus—Tuesday April 9Japan machine tool orders(6 a.m. ET) U.S. NFIB Small […]
Canadian Tire says no to executive bonuses, but yes to a big dividend
You have to give Canadian Tire Corp. Ltd. CTC-T -5.91%decrease some credit when the retailer’s board this week decided to award no cash bonuses to its top executives for 2023. As a statement, this one […]
Canada’s unemployment rate jumps to 6.1% as job creation stalls
Canada’s labour market stumbled in March as the unemployment rate jumped above 6 per cent for the first time in more than two years, the latest sign of a weakening […]
Statistics Canada says trade surplus up in February as gold exports hit record high
Canada’s merchandise trade surplus increased to $1.4 billion in February as exports of gold hit an all-time high, Statistics Canada said Thursday.The agency said the result compared with a revised […]