18 h. ago Charting the Global Economy: Weak Jobs, Steady Inflation Seal Fed Rate Cut

A record downward revision to annual US job growth, paired with no surprises in the latest inflation data, sealed the deal for the Federal Reserve to cut interest rates next week.

Economics

37 h. ago Russia cuts interest rate to 17% as strains show in wartime economy

Russia’s central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the budget deficit. The bank had raised its key rate as high as 21% to combat inflation, but has begun to retreat […]

Culture

42 h. ago Next week’s decision could be a leap of faith for Bank of Canada

Robert McLister: Rate cuts only make sense if central bankers genuinely believe inflation will glide back to target

Other

58 h. ago US Stocks Advance as CPI Report Buoys Trader Bets on Rate Cuts

Equities climbed on Thursday, touching new intraday records as investors expect an in-line inflation report to trigger a Federal Reserve interest rate cut next week.

Economics

4 d. ago Ontario gas prices climb, erasing consumer carbon pricing repeal savings

Consumer carbon pricing added about 17.6 cents per litre to the price at the pumps this time last year, but gas is only five cents less today.

Economics

4 d. ago Gas prices in Metro Vancouver to jump 9 cents a litre on Tuesday night

Dan McTeague said the cost is due to a supply issue caused by the BP Olympic pipeline in Washington State, which is undergoing annual maintenance.

Economics

5 d. ago Global LNG Market Faces Looming Supply Glut After Years of Scarcity

The global market for liquefied natural gas faces a multiyear supply glut starting in 2026, potentially pushing prices for the crucial fuel to the lowest since the energy crisis triggered by Russia’s full-scale invasion of Ukraine.

Transport

6 d. ago Metro Vancouver gas prices spike to an average $1.80 a litre

The price has been steadily ticking upward since about midweek in the area served by TransLink

Economics

6 d. ago Traders Brush Off Inflation Risk as They Bet on Smooth Rate Path

Now that a September rate cut is all but sealed, options pros are expecting smooth sailing in the stock market through Thursday’s consumer price index reading. But that could turn out to be a dangerous bet if it shows inflation starting to run hot.

Economics

1 week ago What is ‘carbon tax 2.0′ and how will axing it boost Canadians’ income? Here’s what we know

Pierre Poilievre is calling the Clean Fuel Regulation 'carbon tax 2.0.' The regulations came into effect in 2023 and, according to the Conservative leader, are adding several cents to the price of gas across Canada

Economics

2 w. ago Treasuries Hold Weekly Advances as Inflation Gauge Stabilizes

US Treasuries maintained their weekly gains fueled by anticipation of Federal Reserve interest rate cuts after the central bank’s preferred gauge of inflation matched economist estimates.

Economics

2 w. ago Ukrainian drone attacks on oil refineries have Russian regions running on empty

Gas stations have run dry in some regions of Russia after Ukrainian drones struck refineries and other oil infrastructure in recent weeks, with motorists waiting in long lines and officials resorting to rationing or cutting off sales altogether. Wholesale prices on the St. Petersburg International Mercantile Exchange for A-95 gas — the highest octane — […]

Events

2 w. ago Tories battling back against Carney Liberals’ ‘Carbon Tax 2.0’

Canada's Clean Fuel Regulations will increase gas prices equivalent to what was saved by eliminating the carbon tax, Poilievre alleges

Economics

2 w. ago Ukrainian drone attacks on oil refineries have some Russian regions running on empty

Gas stations have run dry in some regions of Russia after Ukrainian drones struck refineries and other oil infrastructure in recent weeks, with motorists waiting in long lines and officials resorting to rationing or cutting off sales altogether. Wholesale prices on the St. Petersburg International Mercantile Exchange for A-95 gas — the highest octane — […]

Events

2 w. ago Asian Stocks to Slip as Inflation Risks Fed Cuts: Markets Wrap

Asian equities looked set to follow Wall Street lower Tuesday as investors were on edge that a looming key US inflation report may derail the pace of Federal Reserve rate cuts.

Economics

2 w. ago Asian Stocks to Slip as Inflation Clouds Fed Cuts: Markets Wrap

Asian equities looked set to follow Wall Street lower Tuesday as investors were on edge that a looming key US inflation report may derail the pace of Federal Reserve rate cuts.

Economics

2 w. ago Europe Gas Dips as Traders Eye Supply Signals, Ukraine Progress

European natural gas prices edged lower after last week’s 8% gain, with traders awaiting fresh signals on short-term supply prospects as well as progress on ending the war in Ukraine.

Economics

3 w. ago ECB’s Lagarde Says Labor Market Has Weathered Recent Shocks Well

Europe’s labor market has proved surprisingly resilient in the face of a once-in-a-generation inflation shock and aggressive interest-rate hikes, according to European Central Bank President Christine Lagarde.

Sport

3 w. ago Stock Slide Deepens Before Powell as Yields Rise: Markets Wrap

Caution prevailed on Wall Street ahead of Jerome Powell’s speech, with stocks falling and bond yields rising as a key factory report raised concern that inflation pressures could dim the outlook for rate cuts.

Economics

3 w. ago Funds Cut Long Bets on European Gas at Fastest Pace Since Winter

Funds cut speculative long bets that European gas prices will rise at the fastest pace since last winter, signaling growing conviction that supply worries are set to ease as traders ramp up stockpiling ahead of the heating season.

Economics