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Bussiness

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

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WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this...
Bussiness

Retail sales rose at healthy pace last month in latest sign of US economy’s health

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WASHINGTON (AP) — Consumers stepped up their spending at retail stores last month, providing a boost to the economy in...
Bussiness

Strong Australian Jobs Data Spurs Paring of Rate-Cut Bets

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(Bloomberg) -- Australia’s unemployment rate unexpectedly fell in November as the nation’s golden streak of hiring gains extended, underscoring the...
Bussiness

BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward

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OTTAWA — The Bank of Canada delivered another hefty interest rate cut, but governor Tiff Macklem said Canadians should expect...
Bussiness

TSX futures edge down amid oil dip as market awaits BoC rate decision

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(Reuters) - Futures tied to Canada's main stock index nudged down on Tuesday as oil prices eased, while cautious investors...
Bussiness

Citigroup joins Wall Street peers in forecasting 25 bps rate cut by Fed in December

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(Reuters) - Citigroup, previously the only Wall Street brokerage forecasting a 50 basis point rate cut by the U.S. Federal...
Bussiness

TSX futures rise on commodity boost; BoC rate decision on tap

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(Reuters) - Futures tied to Canada's main stock index rose on Monday, helped by oil and metal prices, while investors...
World

Calgary’s unemployment rate is trending higher than Canada’s — but it’s not because of layoffs

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Calgary's unemployment rate continues to trend higher than the national average, but not for the reason you might expect.It isn't because local companies are...
Bussiness

Specter of Trump spurs a final round of interest-rate moves

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(Bloomberg) — Central banks on four continents will make a final flurry of changes to borrowing costs in the coming...
Jobs

Odds of jumbo BoC rate cut boosted by jump in Canada’s unemployment rate

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Canada's unemployment rate jumped 0.3 percentage points to 6.8 per cent while the economy added a...
Bussiness

Stock market today: Wall Street nears records as jobs data keeps hope alive for a coming rate cut

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NEW YORK (AP) — U.S. stocks are nearing their records after data suggested the job market remains solid enough to...
Jobs

Canadian dollar slides as jobs data boosts jumbo rate cut bets

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By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Friday, approaching a recent 4-1/2-year...
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