Description: July 19 (Reuters) – Canadian retail sales fell by 0.8% in May from April at C$66.13 billion ($48.23 billion), led by lower sales at food and beverage retailers, Statistics Canada said on Friday. Sales were likely down 0.3% in…
Description: The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labour and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The yen…
Description: Asian shares are set to end the week on a sour note, as uncertainty across the geopolitical landscape and in major economies added to headwinds for investors even as the global rate easing cycle gets under way. It has…
Description: The South African rand was stable on Monday as investors awaited inflation data later this week for hints on the country’s future interest rate path. At 1502 GMT, the rand traded at 18.2975 against the dollar, not far from…
Description: Canada’s main stock index rose on Monday as gains in the real estate and utilities sectors offset losses in energy shares, while markets assessed the implications of U.S. President Joe Biden’s exit from the election race. At 10:21 a.m.…
Description: Politics has toppled global markets from record peaks and over a turbulent few weeks stepped to the fore as investors confront the prospect of an increasingly fractious Europe, isolationist America and a slowdown in the pulse of world trade.…
Description: Asian shares slid anew on Monday, getting little lift from a surprise rate cut by China’s central bank, while Wall Street futures firmed in the wake of President Joe Biden’s decision to bow out of the election race. The…
Description: Canada’s main stock index slipped on Wednesday after the country’s central bank cut the interest rates in line with investors’ expectations and trimmed its 2024 growth forecast. At 11:05 a.m. ET (1505 GMT), the S&P/TSX composite index (.GSPTSE) was…
Description: Canadian factory sales most likely fell 2.6% in June from May, largely due to the chemical product and transportation equipment subsectors, Statistics Canada said in a flash estimate on Wednesday. The estimate was calculated based on a weighted response…
Description: OTTAWA, July 24 (Reuters) – The Bank of Canada on Wednesday trimmed its growth forecast for 2024, citing lower consumption, and reiterated that it expected inflation to return sustainably to its 2% target in the second half of 2025.…
Description: The South African rand extended losses in early trade on Wednesday, as investors turned their attention to local inflation figures which may give clues on the country’s future interest rate path. At 0649 GMT, the rand traded at 18.4225…
Description: Asian stocks were subdued on Wednesday after lacklustre earnings from U.S. tech behemoths Tesla and Alphabet dented sentiment, while the yen hit a six-week high ahead of a central bank meeting next week where a rate hike remains on…
