Latest News
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Canadian factory PMI hits six-month low in September on trade frictions
Canada’s manufacturing sector expanded at the slowest pace in six months in September as trade frictions and elevated energy prices weighed on activity, while confidence in the outlook dropped to the lowest level in nine…
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Ottawa designates West Coast pipeline a project of national interest
A proposed pipeline from Alberta to the West Coast has been designated a project of national interest, Prime Minister Mark Carney said Thursday, citing the conduit’s economic benefits and how it can boost Canada’s share…
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Oil prices rise $3 as China suspends fuel exports
Brent benchmark oil prices rose by US$3 on Thursday after China suspended oil products exports, potentially tightening fuel markets already coping with supply shortages globally, while investors continued to assess diplomatic efforts to end the…
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Oct 1/26: TSX mid-day performance
Down ~240 points (~0.7%) to ~34,996 at midday, extending a three-day slide. Yesterday it closed at 35,236, down 224 points (-0.63%), its third straight losing day and lowest close since late July. Reasons: Partial offsets:…
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TC Energy’s Coastal GasLink to proceed after LNG Canada decision
TC Energy TRP-T -0.18%decrease said on Tuesday its Coastal GasLink Phase 2 project will proceed after LNG Canada and its joint venture partners made a positive final investment decision on the LNG Canada expansion project.…
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Private sector jobs rose by 90,000 in September, better than expected, ADP reports
e job creation picked up in September after a brief slowdown, providing further indication that the U.S. labor market has stabilized, according to an ADP report Wednesday. The payrolls processing firm said company employment rose…
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Economic growth flattens in July as ‘broader volatility’ sets in
Economic growth cooled off ahead of the latest U.S. tariff volley this summer, Statistics Canada said Tuesday. The agency said real gross domestic product was essentially unchanged in July. Strength in construction and utilities that…
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U.S. inflation rises less than expected in August; consumer spending surges
U.S. inflation increased less than expected in August, which could see financial markets further reduce the odds of another interest rate increase from the Federal Reserve next month. The Personal Consumption Expenditures Price Index rose…
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GOLDSTEIN: OECD downgrades Canada’s economic growth as Carney moves away from U.S.
Prime Minister Mark Carney warned that pivoting our economy away from the U.S. would come at a cost to Canadians and the latest numbers show that’s true. An Organization for Economic Co-operation and Development (OECD)…