Forex News
Credit Suisse: We are bullish on emerging markets, focus on China, Hong Kong stocks
China has real comparative advantage in sectors like renewable energy and new infrastructure, areas which are set to gain from the stimulus package from the Biden administration, says Ray Farris of Credit Suisse.
Dollar's strength to be short-lived, more downside over medium term: BNY Mellon
As Janet Yellen will return to the "hands-off" approach, U.S. dollar may get stabilized or even rise in the near term, but it will continue to weaken over the medium term, says John Velis of BNY Mellon Markets.
Europe and Japan will benefit from value rotation: Standard Chartered
Manpreet Gill of Standard Chartered shares his investment strategy, explaining why he thinks Japan and Europe will benefit from the rotation into value this year.
Asia to perform much better in 2021 than 2020: CIO
Bhaskar Laxminarayan of Bank Julius Baer says improved U.S.-China relations and dollar weakness make Asian equities and fixed income attractive.
Markets & Economics
Jobless claims show modest decline as Congress works on more stimulus
Jobless claims for the week ended Jan. 16 totaled 900,000, the Labor Department ...
Spike in lumber and land prices causes homebuilder confidence to fall from epic high
The rising costs of getting homes built is making builders less optimistic....
Weekly mortgage refinance demand drops 5% after rates hit highest level since November
Several weeks of rising rates are dousing what was incredibly high demand for re...
Powell sees no interest rate hikes on the horizon as long as inflation stays low
Powell affirmed his commitment to keeping interest rates low for the foreseeable...
Canadian Business
WestJet halts Boeing 737 Max jet before takeoff af...
WestJet temporarily grounded a Boeing 737 Max jet that was supposed to fly from Calgary to Toronto on Friday after a warning light came on in the cockpit prior to takeoff.
Godiva closing 128 stores in North America, includ...
COVID-19 has been far from sweet for Godiva, which has decided to sell or close its stores across North America.
Muted cold and flu season prompts P.E.I. cough loz...
Island Abbey Foods, makers of Honibe cough and cold lozenges, is eliminating 30 temporary staff at its Charlottetown production plant.
Retail sales continue rebound, having risen 7 mont...
Retail sales have risen for seven months in a row and are now more than five per cent higher than they were before the COVID-19 pandemic began, Statistics Canada said Friday.
Florida cracks down on vaccine tourism, requires p...
Following news reports that out-of-state residents — including Canadians — are flocking to Florida to get the COVID-19 vaccine, the state is now requiring proof of residency for vaccine recipients.
COVID-19 could shutter more than 200,000 Canadian ...
More than 200,000 Canadian businesses could close permanently during the COVID-19 crisis, throwing millions of people out of work as the resurgence of the virus worsens across much of the country, according to new research.