Markets

U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve’s interest rate hike the previous day would not be enough to tame surging inflation.

Jeff Lagerquist Thu, February 17, 2022 Canada’s first carbon credit-based exchange traded funds (ETFs) offer an alternative to oil and gas stocks for investors who believe industrial thirst for fossil fuels will be a tough habit to break. The price of European carbon credits – a core holding of two newly launched ETFs – has …

Carbon credits outperforming bitcoin, in the bet on a longer energy transition Read More »

NEW YORK, Feb 17 (Reuters) – Goldman Sachs (GS.N) on Thursday upgraded its key profitability target and set new goals for its asset management, transaction banking and consumer businesses as it laid out its strategy for the next three years. Wall Street’s premier investment bank is reshaping itself after a turbulent decade during which profit at its …

Goldman Sachs lifts key profit target in strategy update Read More »

TORONTO (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Friday as higher oil prices offset signs of domestic economic damage from the occupation by protesters of key border crossings between the United States and Canada. The price of oil, one of Canada’s major exports, rose after the International Energy Agency (IEA) said oil markets …

Canadian dollar adds to weekly gain as oil prices climb Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 basis points interest rate hike from the Federal Reserve next month. The broad increase in prices reported by the Labor Department on Thursday was …

U.S. consumer prices post largest annual gain in 40 years; weekly jobless claims fall Read More »

By Bansari Mayur Kamdar and Devik Jain (Reuters) -Megacap companies dragged U.S. stock indexes lower on Thursday after a hotter consumer prices reading and comments from St. Louis Federal Reserve Bank President James Bullard raised fears the Fed will act aggressively to counter inflation. The Labor Department data showed consumer prices surged 7.5% last month …

Wall St drops over 1% on hotter inflation data, Bullard’s hawkish comment Read More »

TORONTO (Reuters) – The Canadian dollar rallied against the greenback on Monday, recovering from a one-week low on Friday, as investors bet that weak domestic jobs data would not derail the start of the Bank of Canada’s interest rate hikes. The Canadian economy lost more jobs than expected in January as the Omicron-driven COVID-19 wave …

C$ rebounds as investors stick to BoC rate hike bets Read More »

RBC forecasts ‘super strong’ sales in first half of year Author of the article: Pamela Heaven Publishing date: Jan 31, 2022