Stocks sink on Bay and Wall Streets, but loonie rises following new tariffs
Global stock markets, including those on Wall Street and the TSX in Canada saw steep losses through the Friday trading day as new tariffs take effect.
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Canada’s economy ‘treading water’ after GDP dropped for 2nd straight month
One of the factors that helped boost the arts, entertainment and recreation sector? The NHL playoffs, which had three Canadian teams, Statistics Canada said.
Continue ReadingBank of Canada holds interest rates, citing ‘clouded’ economic outlook
The Bank of Canada updated its monetary policy Wednesday, and held its key lending rate at 2.75 per cent for the third straight meeting.
Continue ReadingProvinces’ deficits could shrink in coming years despite trade war: report
Most provinces have put up contingency funds in this year’s budgets to support workers and critical industries through the tariff dispute.
Continue ReadingWill the Bank of Canada and U.S. Fed cut interest rates this week?
Monetary policy announcements from central banks in Canada and the United States are scheduled for July 30, and most economists are expecting no changes to borrowing costs.
Continue ReadingWill Bank of Canada cut rates next week? How new data factors into the call
Most business owners are feeling less pessimistic about a potential recession than earlier this year, but still say they’re feeling ‘subdued.’
Continue ReadingU.S. House passes cryptocurrency bill, sends to Trump’s desk
The United States is moving closer towards the easing of regulations in cryptocurrency industry with one of several bills passed by the House moving next to Trump’s desk.
Continue ReadingWall Street rides roller-coaster after Trump walks back talk of firing Powell
Stock markets in North America, especially in the U.S., are riding a roller-coaster Wednesday as President Trump floats the idea of firing Federal Reserve Chair Jerome Powell.
Continue ReadingHow Canada’s oil sands transformed into one of North America’s lowest-cost energy producers
As world oil prices continue their wild ride, energy experts say technology and cost-cutting have made Canadian oil sands amongst the lowest cost producers of oil in North America.
Continue ReadingPorter Airlines cabin crew files application to certify union: CUPE
The Canadian Union of Public Employees says cabin crew at Porter Airlines have filed a union certification application with the Canada Industrial Relations Board.
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