Daily News

GDP 'surprised to the upside' in July but not for much longer, say economists Canada’s economy avoided contraction in July, expanding 0.1 per cent, according to data released Thursday by Statistics Canada. We apologize,...

Goldman Sachs Group Inc. and BlackRock Inc. are turning more bearish on equities for the short term, warning that markets are yet to price in the risk of a global recession. Flagging rising real yields as a major headwind, Goldman strategists cut equities...

Canada's main stock index fell to a new low this year while U.S. markets were mixed after a volatile day of trading that saw stocks swing between gains and losses. The trading tensions came as markets in both Canada and the U.S. pushed new lows for the year  ...

U.S. stocks ended a volatile session lower after a slew of Federal Reserve officials hammered home their resolve to remain aggressive in their fight against inflation. The S&P 500 dropped for the sixth straight session, its longest losing streak since Febr...

U.S. regulators reached settlements with more than a dozen banks in a sprawling probe into how global financial firms failed to monitor employees’ communications on unauthorized messaging apps, bringing total penalties in the matter to more than $2 billion. ...

The Bank of Canada today welcomed the publication by the International Monetary Fund (IMF) of its final report summarizing its pilot review of the Bank’s transparenc...

US stocks fell in a volatile session exacerbated by sharp moves in the UK currency and bond markets, as hawkish central banks across the globe continued to subdue sentiment.  The S&P 500 ended Monday’s session at its lowest level since December 2020. The C...

US stocks fell in a volatile session exacerbated by sharp moves in the UK currency and bond markets, as hawkish central banks across the globe continued to subdue sentiment.  The S&P 500 ended Monday’s session at its lowest level since December 2020. The C...

The pound pared its losses against the dollar, which at one point saw it hit a record low, amid speculation the Bank of England will respond to the sharp moves in markets in the wake of the UK government’s plans to cut taxes and ramp up borrowing. Sterling...

The Bank of England’s attempts to calm financial nerves proved underwhelming as Andrew Bailey’s pledge to change interest rates “by as much as needed” to get control of soaring inflation sparked a fresh wave of selling in the pound. After a day that saw st...