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 »
By Bansari Mayur Kamdar and Medha Singh (Reuters) -U.S. shares were set to extend gains for the fourth straight session on Wednesday after a turbulent start to the year, as Google-parent Alphabet (NASDAQ:GOOGL) and chipmaker Advanced Micro Devices (NASDAQ:AMD)’ shares surged following strong quarterly results. Alphabet Inc rose 8.2% after reporting record quarterly sales on …
Wall St set for fourth day of gains on Alphabet, AMD results Read More »
RBC forecasts ‘super strong’ sales in first half of year Author of the article: Pamela Heaven Publishing date: Jan 31, 2022
January 26, 2022 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy interest rate. The Bank …
Bank of Canada maintains policy rate, removes exceptional forward guidance Read More »
Michelle Zadikian, BNN Bloomberg Anticipation is building over whether the Bank of Canada will pull the trigger Wednesday on the first of several expected interest rate hikes this year. If it doesn’t, many will be looking for answers as to why the central bank hesitated and when liftoff will occur. As of Monday morning, Bloomberg data …
What BoC rate hikes mean for you, your investments and the economy Read More »
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