The Daily Chase: Canada loses jobs in May; Brookfield to snap up Network International
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The Canadian labour market finally faltered in May, shedding 17,300 jobs to post the first decline since last August.
BEAUDRY WARNS HIGHER RATES MAY BE LOSING THEIR BITE
Bank of Canada Deputy Governor Paul Beaudry is flagging the central bank’s concerns that higher interest rates may not be having the same magnitude of an impact than we’ve seen in the past. In a speech yesterday, Beaudry said the BoC hiked earlier this week due to concerns inflation could get somewhat jammed above the two per cent target rate, as higher rates haven’t sufficiently dampened household demand. For central bank watchers, it’s of note that he also said the so-called neutral rate – where rates neither constrain economic activity nor add fuel to the fire – may be higher than the Bank of Canada originally thought, which could be a harbinger for higher-for-longer rates.
BROOKFIELD STRIKES £2.2B CARD PROCESSING DEAL
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.
Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.
Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.