Forex News
Stocks making the biggest moves midday: Eli Lilly, 3M, PayPal, Tesla and more
These were some of the stocks making the largest moves in trading on Tuesday.
U.S. dollar likely to remain strong over the next 3-6 months, strategist says
Chidu Narayanan, Asia-Pacific head of macro strategy at Wells Fargo Securities, discusses several factors, including U.S. growth outperformance and divergent rate differentials.
Japan and South Korea could coordinate currency intervention, but they may need U.S. support
The U.S. last week acknowledged Japan and South Korea's "serious concerns" over the recent sharp depreciation in their currencies.
Analyst explains why the Australian Dollar is his top currency trade for 2024
David Forrester of Credit Agricole shares his outlook for major currencies and central bank expectations for this year.
Markets & Economics
Here's what to expect from the April jobs report on Friday
The Bureau of Labor Statistics report drops at 8:30 a.m. ET....
UK to suffer slowest growth of all rich nations next year, OECD says
The U.K.'s "sluggish" growth prospects have put it on course to be the worst-per...
BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
The new platform will be called BlackRock Riyadh Investment Management, or BRIM....
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating t...
Canadian Business
Can a Canadian ride-hailing startup compete with U...
A new ride-hailing app promising fair pay to drivers is launching today, starting in the Toronto area, to take on Uber and Lyft. The company believes it will attract drivers by paying them 100 per cent of fares and charging only a membership fee to work for the service.
Peloton CEO steps down as fitness company announce...
Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment.
London Drugs reopens phone lines and Canada Post o...
London Drugs says its phone lines are working again, days after being taken offline in response to a cybersecurity incident, while Canada Post offices inside its stores are also up and running again.
'We are getting closer' to cutting interest rates,...
The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank's governor, Tiff Macklem, told MPs Thursday.
Loblaw reports $13.58B in Q1 revenue, as Reddit gr...
Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer.
U.S. Federal Reserve holds interest rate, saying i...
The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target.