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On Wednesday afternoon, the U.S. Fed’s Jerome Powell cut interest rates by 50 basis points, signalling the end of its inflation fight. The street had been split between 25 and 50 points. Markets initially rallied, but faded into the close. […]
Tuesday saw August’s inflation rate in Canada fall to 2.0%, hitting the Bank of Canada’s target and signaling that interest rates will fall further. This news comes on the eve of the U.S. Fed’s decision on American rates, widely expected […]
The TSC continued its hitting streak to start the week by rallying 0.62% or 145 points to 23,714. Most sectors gained, led by healthcare, tech and energy. WTI crude jumped 2.6% to return above US$70 a barrel as gold added […]
Friday the 13th was lucky for the TSX which hit another new high after rising 0.4% on the strength of all but three sectors. Real estate and materials led while staples were modestly weak. Major movers: CNQ -2.03%, B2Gold 2.62%, […]
Green lit up trading boards on Thursday, especially in Canada as the TSX rose 1.12% or about 260 points to close at a new high of 23,470. Shining brightest were mining stocks: B2gold 12.9%, First Majestic Silver 11.97%, Calibre Mining […]
Tuesday saw August's inflation rate in Canada fall to 2.0%, hitting the Bank of Canada's target and signaling that interest rates will fall further. This news comes on the eve of the U.S. Fed's decision on American rates, widely expected to be cut by 25 or even 50 basis points