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CTV National News: Bank of Canada faces rate decision as inflation pressures mount " BNN Bloomberg
4+ hour, 49+ min ago (181+ words) CTV National News: Bank of Canada faces rate decision as inflation pressures mount'BNN Bloomberg CTV National News: Bank of Canada faces rate decision as inflation pressures mount Amanda Lang explains how the Bank of Canada is closely watching recent inflation…...
It's an energy price shock': Canada's inflation rate to get worse, economists say
1+ hour, 40+ min ago (714+ words) Canada's inflation rate accelerated in March due to a record surge in fuel costs, and economists warn that it is likely to get worse. The war in Iran sent gas prices soaring in March, and Canada's annual inflation rate rose…...
Inflation jumps to 2. 4% in March driven by Iran war oil shock, Stat Can says
6+ hour, 37+ min ago (681+ words) The annual rate of inflation accelerated to 2. 4 per cent in March as the war in Iran sent fuel costs soaring, Statistics Canada said Monday. That's a jump of more than half a percentage point from the headline inflation rate of…...
Oil prices climb as U. S. stocks give back only a bit of their record-breaking rally
12+ hour, 50+ min ago (145+ words) BNN Bloomberg Oil prices climb as U. S. stocks give back only a bit of their record-breaking rally NEW YORK " Oil prices are climbing following the latest rise in tensions between the United States and Iran, and U. S. stocks are giving back a…...
Independent grocers adjusting to fuel surcharges from suppliers
1+ day, 10+ hour ago (953+ words) A few weeks into the war in Iran, an Ontario-based grocer started receiving surcharge letters from its suppliers stating that delivery costs would be going up. It was not an exorbitant amount; somewhere between $15 to $50 for a truckload, said Giancarlo…...
30% risk Canada enters recession: former Bo C governor
1+ day, 9+ hour ago (505+ words) A former Bank of Canada governor is predicting Canada has about a 30 per cent chance of falling into a recession, amid growing global economic pressures. The ongoing war in the Middle East " with blockades in the Strait of Hormuz and…...
Oil prices resume their rise, but U. S. stocks hold steadier this time around
1+ mon, 2+ day ago (713+ words) The S&P 500 rose 0. 2 per cent to add to its gain from the day before, which was its biggest since the war began. The Dow Jones Industrial Average climbed 46 points, or 0. 1 per cent, and the Nasdaq composite rose 0. 5 per cent....
How the oil shock is clouding the outlook for interest rates " BNN Bloomberg
4+ day, 1+ hour ago (196+ words) The uncertainty surrounding U. S. " Iran peace talks are pushing oil back into focus, adding pressure to inflation and interest rate expectations. Hafiz Noordin, Portfolio Manager, Active Fixed Income at TD Asset Management, breaks down the impact on monetary policy and the…...
The Daily Chase: Modest job gains for Canadian economy
1+ week, 3+ day ago (165+ words) BNN Bloomberg The Daily Chase: Modest job gains for Canadian economy Here are five things you need to know this morning MTY Food profit jumps: The owner of Cold Stone Creamery and Mr. Sub posted higher first'quarter profit, despite missing…...
Soaring gas prices lead to biggest monthly U. S. inflation spike in four years
1+ week, 3+ day ago (936+ words) Consumer prices rose 3. 3% in March from a year earlier, the Labor Department said Friday, up sharply from just 2. 4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0. 9% in March from February, the largest such…...