Finance

Inflation in the U.S. rose 0.3% in April from March, less than economists had expected. The consensus view was for inflation to rise 0.4% month-over-month in April. On an annualized basis, inflation in America increased 3.4%, which matched forecasts. The U.S. Labor Department said that, excluding food and energy, core inflation […]

Ahead of the all-important inflation report released this morning, Jerome Powell pre-empted the market’s expectations for interest rates. Powell repeated yesterday that the central bank should stay patient. It will leave interest rates higher for longer. That way, monetary policy has a chance to work its way through the economy. Markets detached their

Asia-Pacific markets were mixed Wednesday, tracking Wall Street gains overnight that saw the NASDAQ Composite index hit a fresh record closing high despite strong inflation data. In Japan, the Nikkei 225 index gained 29.67 points, or 0.1%, to 38,385.73. Markets in Hong Kong and Korea were closed for holiday. Investors also

Authorities in Fort McMurray, which is not far from much of Alberta’s oil sands production sites, issued an “extreme” wildfire danger for the forest area that could threaten to shut in or disrupt some Canadian crude oil or natural gas output in the coming days and weeks. Alberta

Advertisment Stocks rose Tuesday following the release of fresh U.S. economic data, while investors waited for another key inflation report. The Dow Jones Industrials sprang 126.14 points to 39,557.65. The S&P 500 surged 25.17 points to 5,246.59. The NASDAQ climbed 122.94 points to 16,511.18. Shares of GameStop soared $18.30, or

Markets in Toronto limped home Tuesday in a somewhat listless fashion, as investors did not quite share the same optimism of their American cousins, looking ahead to inflation reports later in the week. The TSX Composite Index slid 15.83 points to wind up Tuesday at 22,243.34. The Canadian dollar nicked up 0.08 cents at 73.25

Centerra Gold Inc. (T.CG) hit a new 52-week high of $8.96 Tuesday. Centerra reported first-quarter 2024 net earnings were $66.4 million, or $0.31 per share. Calibre Mining Corp. (T.CXB) hit a new 52-week high of $2.16 Tuesday. Calibre said its Valentine Gold Mine was awarded the 2023 John T. Ryan National Safety Trophy

Advertisment Stocks were unchanged on Tuesday as traders looked for clarity on future Federal Reserve policy moves after April’s producer price index rose more than expected. The Dow Jones Industrials skidded into negative country 0.05 points to 39,431.46. The S&P 500 remained afloat 3.52 points by noon hour to 5,224.94.

Equities in Canada’s largest market were little changed on Tuesday, as a rise in material and health-care stocks was offset by stronger-than-expected producer prices data from the U.S. that dampened hopes of interest rate cuts this year. The TSX Composite Index slid 23.57 points to move into noon hour at 22,235.60.

Advertisment Stocks traded higher on Tuesday as traders looked for clarity on future Federal Reserve policy moves after April’s producer price index rose more than expected. The Dow Jones Industrials gained 64.75 points to 39,496.26. The S&P 500 picked up 11.18 points to 5,232.60. The NASDAQ strengthened 69.74 points to