An Indigenous-backed project seeking to export liquefied natural gas has signed a deal to support TC Energy Corp.’s TRP-T -0.13%decrease pipeline plans in northern British Columbia, leaving Enbridge Inc.’s ENB-T -0.20%decrease competing route in limbo.The Nisga’a […]
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Oct 19 -TSX Closes At 2-week Low As Geopolitical Tensions, Rate Concerns Weigh
| Published: 10/19/2023 5:35 PM ETThe Canadian market closed at a two-week low on Thursday, as stocks fell amid concerns about interest rates and geopolitical tensions.Healthcare, real estate, utilities and financials shares […]
Powell says inflation is still too high and lower economic growth is likely needed to bring it down
Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the slowing in price increases was not enough yet to determine a trend and that […]
Scotiabank reduces global work force by 3% as Bay Street cuts deepen
Bank of Nova Scotia BNS-T -2.17%decrease is cutting 3 per cent of its global work force ahead of launching its strategic turnaround plan, deepening the streak of job cuts on Bay Street this […]
TSX Ends Notably Lower On Widespread Selling
Published: 10/18/2023 5:37 PM ETThe Canadian market ended on a weak note on widespread selling on Thursday with those from industrials and financials sectors suffering sharp losses.Rising bond yields, concerns about […]
Wave of billion-dollar oil patch deals a sign of bullish Canadian energy sector
A wave of high-profile mergers and acquisitions in the Canadian oil patch is a sign of an industry that is flush with cash and increasingly confident in the short– and […]
Canada’s inflation rate dips to 3.8% in September, surprising analysts
Canada’s inflation rate unexpectedly dipped in September, a result that alleviates pressure on the Bank of Canada to resume raising interest rates next week.The Consumer Price Index rose 3.8 per cent in […]
Oil falls below $90 a barrel on report of U.S.-Venezuela deal
Oil futures fell on Monday on a report the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while […]