The Federal Reserve on Wednesday held interest rates steady for the third time this year even as central bankers confront a surprisingly resilient economy and still too-high inflation.The widely expected decision left […]
Category: Uncategorized
Will natural gas prices keep rising?
Based on expectations of higher demand, U.S. natural gas prices have been on an upward trend since March when they bottomed out at US$1.99 per million British thermal units, or […]
Canada Goose lowers financial guidance forecast amid ‘increasingly challenging’ global landscape
Canada Goose Holdings Inc. GOOS-T -9.85%decrease cut its financial guidance for its full year as it warned an “uncertain” and “increasingly challenging” global landscape along with an unseasonably warm September could hamper sales.“The […]
Thomson Reuters reports Q3 profit rises to US$367M, revenue edges higher
Thomson Reuters Corp. reported a third-quarter profit of US$367 million, up from US$228 million in the same quarter last year.The company, which keeps its books in U.S. dollars, says the […]
Cameco shares up after reporting Q3 profit and raising revenue outlook for 2023
SASKATOON — Shares in Cameco Corp. rose nearly 10 per cent after it raised its revenue outlook for 2023 and reported a profit of $148 million in its latest quarter […]
Canadian economy flatlines as higher interest rates weigh on growth
The Canadian economy has flatlined in recent months as higher interest rates weigh on growth, bringing the country to the brink of a mild recession.Real gross domestic product was essentially […]
TOROMONT ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 2023 AND QUARTERLY DIVIDEND
HIGHLIGHTS:Consolidated ResultsRevenue increased $87.5 million or 8% in the third quarter compared to the similar period last year, with higher revenues in both groups. Equipment Group was up 7% in the quarter […]
Canada Interest Rate Forecast 2023-2028
Last Updated: October 25, 2023Interest rate forecast for 2023: 5.00%*October 2023 Canada Mortgage Rate Forecast For more information about the 2023 Bank of Canada rate announcement schedule and upcoming 2024 announcement […]
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing […]