The Daily Chase: Markets point to a positive open; Black Friday begins
BNN Bloomberg
Wall Street is getting back to business – albeit on an abbreviated basis – after yesterday's U.S. Thanksgiving holiday trading break.
ALBERTA CUTS SURPLUS FORECAST
Alberta is taking a scalpel to its budget surplus forecast by about $1 billion after rolling out a slew of measures aimed at easing the pain of sky-high inflation. The province now expects a surplus of $12.3 billion this fiscal year – down from the $13.2 billion estimate back in June – reflecting a $2.5 billion increase in expenses, of which no small part is tied to measures like a break in the gas tax unveiled earlier this week. We'll get more insight when Paul speaks with Alberta Finance Minister Travis Toews at about 10:30 a.m. EST.
A KEY BLACK FRIDAY FOR RETAILERS
Israel killed another top Iranian official -- the intelligence minister -- in its campaign against the Islamic Republic’s leadership, and an Iranian offshore natural gas field was struck Wednesday amid the war’s escalating pressure on the region’s economic lifeblood: energy.
Bank of Canada holds rate at 2.25 per cent as growth weakens and oil-driven inflation risks rise amid geopolitical uncertainty.
U.S. stocks are sinking Wednesday after a discouraging report said inflation was primed to worsen, even before the war with Iran sent oil prices spiking.
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.
Top Picks from David Burrows, Chairman & CEO, Barometer Capital Management
Two Canadian cargo ships are stuck in the Persian Gulf and unable to pass through the blocked Strait of Hormuz as the war in Iran continues.
U.S. stocks are sinking Wednesday after another climb for oil prices raised worries about inflation, which may have been primed to worsen even before the war with Iran began.
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.
Every year, billions of dollars in tax credits and benefits go unclaimed in Canada. Here are five commonly missed tax
A key question hangs over the Federal Reserve’s two-day meeting that ends Wednesday: Will central bank policymakers still reduce short-term interest rates this year, now that the Iran war has sent oil prices higher and gas prices spiking? Or will they have to stand pat for months to see how the conflict plays out?
Wall Street followed global markets higher Wednesday and the price of U.S. crude fell eased despite a new barrage of attacks by Iran on its Gulf neighbors.
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.
Shares advanced Wednesday in Europe and Asia as oil prices fell back slightly despite a barrage of attacks by Iran on its Gulf neighbours.