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Forex News

Tuesday May 14, 2024

We might have seen the peak in the U.S. dollar: VP Bank

Thomas Rupf of the bank discusses the outlook for the currency and the U.S. Federal Reserve's monetary policy.

Monday May 13, 2024

Federal Reserve set to cut rates twice in 2024, StanChart strategist says

Steve Englander, head of global G10 FX research and North America macro strategy at Standard Chartered Bank, outlines his forecasts for U.S. monetary policy and the strength of the U.S. dollar.

Tuesday April 30, 2024

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.

Monday April 22, 2024

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.

Markets & Economics

Friday May 24, 2024

British retail sales plunge 2.3% in April, missing estimates

U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers...

Thursday May 23, 2024

Auto insurance rates are jumping the most since the 1970s, but there could be relief soon

Soaring auto insurance costs have been a principle driver behind inflation over ...

Thursday May 23, 2024

JPMorgan CEO Jamie Dimon says can't rule out 'hard landing' for the U.S., stagflation will be 'worst outcome'

Dimon said the worst outcome for the U.S. economy will be a "stagflation" scenar...

Wednesday May 22, 2024

Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says

Federal Reserve officials appear to have “no idea” what is happening when it...

Canadian Business

Friday - May 24, 2024

Loblaws, Sobeys owners under investigation by Comp...

The near empty produce section of a Toronto Loblaws is seen on Friday, May 3, 2024. May marks a month-long boycott of the grocery retailer, as a group of shoppers called "Loblaws is out of control," who have 62,000 members, say they are fed up with the company's grocery prices said that they would start boycotting the retailer's flagship Loblaws stores and its offshoot brands, including No Frills, Provigo and City Market.

Canada's Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anti-competitive conduct, court documents reveal, with Sobeys' owner calling the inquiry "unlawful."

Thursday - May 23, 2024

Seafood chain Red Lobster will ask Canadian court ...

A Red Lobster restaurant is pictured with people walking by.

Days after Red Lobster filed for Chapter 11 bankruptcy and announced that it would close dozens of its seafood restaurants, the chain's Canadian counterpart will ask a Canadian court to enforce the U.S. bankruptcy in Canada, CBC News has learned.

Thursday - May 23, 2024

Hackers release corporate data stolen from London ...

A large storefront with the text reading 'London Drugs'.

The retail and pharmacy chain had to shut down its nearly 80 stores across B.C., Alberta, Saskatchewan and Manitoba for a week after the cyberattack was reported on April 28.

Thursday - May 23, 2024

TD Bank's failure to thwart money laundering in U....

A close up of a large TD logo behind a glass window on a street.

TD Bank CEO Bharat Masrani said during the bank's second quarter earnings call Thursday that it failed to thwart criminal activity on multiple occasions. Some experts say that Canada's regulatory system needs to be more aggressive in punishing banking institutions that let financial crime go unchecked.

Thursday - May 23, 2024

U.S. suing Ticketmaster owner Live Nation...

Live Nation's logo is displayed on a screen.

The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists.

Thursday - May 23, 2024

Ottawa removes regulatory red tape for Trans Mount...

A complex arrangement of large, white pipes are seen against a blue sky.

According to federal government newspaper Canada Gazette, Trans Mountain Corporation and the Canada Development Investment Corporation will no longer need to consult a top government official to incorporate their subsidiaries.