US dollar gains as risk sentiment sours NEW YORK: The US dollar edged higher against a basket of currencies on Wednesday, as investors’ appetite for... Published 26 Oct, 2023 06:08am
Markets J.P.Morgan, Goldman Sachs expect Canada central bank to hold rates next week J.P.Morgan and Goldman Sachs now expect the Bank of Canada to keep policy rates unchanged at 5% for the second... Published 18 Oct, 2023 12:19pm
Markets TSX futures flat on rate hike jitters, lower copper prices Futures for Canada's resource-heavy main stock index were subdued on Thursday as concerns over rising interest rates... Published 29 Jun, 2023 05:00pm
Markets India’s central bank holds rates, as expected MUMBAI: India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as... Published 08 Jun, 2023 10:21am
Business & Finance Bank of Canada hikes rates to 4.75%, highest in 22 years OTTAWA: The Bank of Canada on Wednesday hiked its key overnight benchmark rate to 4.75%, the highest level in 22... Published 07 Jun, 2023 07:48pm
Markets Asian shares extend global rally, oil rises after Saudi cuts SYDNEY: Most Asian stock markets extended a global rally on Monday on optimism the Federal Reserve would pause its... Published 05 Jun, 2023 09:40am
Markets Yen drops, dollar on defensive as central banks seek to reassure markets TOKYO: Currency markets showed some cautious optimism after global authorities moved to stem contagion from a... Published 20 Mar, 2023 10:09am
Business & Finance Canada economy stalls in 2022 fourth quarter OTTAWA: Canada’s economy stalled at the end of 2022 with zero growth, the government statistical agency said... Published 06 Mar, 2023 07:36am
Markets Dollar near eight-month low ahead of central bank meetings SINGAPORE: The dollar lolled near an eight-month low against its peers on Thursday, as a gloomy US corporate... Published 26 Jan, 2023 09:14am
Markets TSX pares weekly gain as investors brace for further rate hikes TORONTO: Canada’s main stock index fell on Friday, including declines for financials and technology, as investors... Published 05 Dec, 2022 05:47am
Markets New Zealand central bank review says monetary tightening should have started earlier WELLINGTON: The New Zealand central bank’s dramatic easing in monetary policy was largely warranted over the... Published 10 Nov, 2022 09:36am
Business & Finance Indian rupee posts weekly rise MUMBAI: The Indian rupee was little changed against the dollar on Friday, but posted a weekly rise on bets that the... Published 31 Oct, 2022 05:55am
Markets Indian rupee seen sharply higher on bets may Fed dial back rate-hike pace MUMBAI: The Indian rupee is expected to open higher against the dollar on Thursday, after the US currency plunged on... Published 27 Oct, 2022 10:09am
Business & Finance Bank of Canada surprises with 50 bps hike, says slight recession possible OTTAWA: The Bank of Canada announced a smaller-than-expected interest rate hike on Wednesday and said it was getting... Published 26 Oct, 2022 08:25pm
Markets Bank of Canada set for another supersized hike even as outlook darkens OTTAWA: The Bank of Canada is widely expected to raise rates by another three-quarters of a percentage point to a... Published 26 Oct, 2022 12:02pm
World Canada's Trudeau announces C$4.5bn inflation relief package for low earners OTTAWA: Canadian Prime Minister Justin Trudeau announced C$4.5 billion ($3.43 billion) in measures on Tuesday... Published 13 Sep, 2022 11:32pm
Markets Oil dives more than $4 on strong dollar, recession fears NEW YORK: Oil prices tumbled more than $4 on Wednesday, slumping below levels seen prior to Russia’s invasion of... Published 08 Sep, 2022 05:43am
Business & Finance Canadian dollar weakens 0.1pc TORONTO: The Canadian dollar edged lower against its US counterpart on Friday but notched its second straight weekly... Published 01 Aug, 2022 05:54am
Business & Finance Bank of Canada chief sees inflation ‘a little over’ 8% as soon as next week OTTAWA: The Bank of Canada expects inflation to go “a little over” 8%, as soon as next week when June’s data is... Published 16 Jul, 2022 06:20pm
World US annual consumer inflation posts largest increase since 1981 WASHINGTON: U.S. annual consumer prices jumped 9.1% in June, the largest increase in more than four decades, leaving... Published 13 Jul, 2022 10:53pm
Markets Bank of Canada surprises with 100-bp rate hike as price risks gather steam OTTAWA: The Bank of Canada on Wednesday surprised markets with a full-percentage-point rate hike, a super-sized... Published 13 Jul, 2022 07:48pm
Business & Finance Canadian dollar weakens 0.3pc TORONTO: The Canadian dollar weakened against its US counterpart on Wednesday as a sharp drop in oil prices worked... Published 23 Jun, 2022 06:05am
Business & Finance Canadian dollar gains TORONTO: The Canadian dollar strengthened against its US counterpart on Tuesday, extending its recovery from a... Published 22 Jun, 2022 05:58am
Business & Finance Canadian dollar weakens 0.7pc TORONTO: The Canadian dollar fell against its broadly stronger US counterpart on Friday as investors weighed ... Published 11 Jun, 2022 06:08am
World Canada jobless rate hits record low, bolstering case for 75-bps rate hike OTTAWA: Canada’s jobless rate inched down to a new record low after adding more jobs than expected in May, official... Published 10 Jun, 2022 07:26pm
Business & Finance Canadian dollar weakens 0.2pc TORONTO: The Canadian dollar weakened against its US counterpart on Thursday, extending its pullback from a... Published 10 Jun, 2022 06:16am
Business & Finance Canadian dollar weakens TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday, pulling back from its highest in nearly... Published 08 Jun, 2022 06:19am
Business & Finance Canadian dollar gains TORONTO: The Canadian dollar strengthened against its US counterpart on Thursday as oil prices rose and investors... Published 03 Jun, 2022 05:56am
Markets Bank of Canada says rates may have to double to 3%, or go even higher OTTAWA: The Bank of Canada will probably have to raise its policy rate to the top of its neutral range, double its... Published 02 Jun, 2022 10:03pm
Business & Finance Dollar advances vs euro as upbeat US data lends support NEW YORK: The US dollar rose against the euro on Wednesday, helped by upbeat US economic data, and as the common... Published 02 Jun, 2022 06:19am