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1 day ago · Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance ...
1 day ago · Canada's primary stock index ended lower for a 3rd straight day on Tuesday as a drop in oil costs weighed on energy shares and financiers waited for a crucial U.S. inflation report that could form expectations for Federal Reserve interest rate cuts. The Toronto Stock Exchange's S&P/ TSX composite index ended down 15.83 points, or 0.1%, at 22,243.34, extending its decline because notching a ...
5 hours ago · Canadian Dollar bolstered by rising market sentiment. Canada posted a 0.3% uptick in GDP, propping up CAD. US PCE inflation also ticked lower, further bolstering rate cut hopes. The Canadian ...
3 hours ago · Bank of Canada Governor Tiff Macklem is on a national tour to dispel myths and explain monetary policy. He gave the keynote address at a Winnipeg Chamber of Commerce luncheon at the RBC Convention ...
4 hours ago · Energy companies rose on a continued rally in oil prices on expectations for a rise in summer fuel demand. EnCap Investments' $2.55 billion sale of oil-and-gas assets in Utah's Uinta Basin shows...
10 hours ago · There were 1,562 press releases posted in the last 24 hours and 398,253 in the last 365 days.
6 hours ago · Stocks rise in afternoon trading. Stocks were flat Friday afternoon as investors digested a new reading from the Fed's preferred inflation gauge that showed pricing pressures continuing to cool, raising the likelihood of a coming rate cut. The S&P 500 ( ^GSPC) advanced roughly 0.1% after the benchmark closed a step nearer to its record high.
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