Elevated yields favour dollar, Canadian inflation in spotlight Primary market focus remains centred around the Fed and how it will tackle inflation, with market participants juggling the premise of how many rate hikes will unfold Read more…
Canada CPI ticked up from 4.7% yoy to 4.8% yoy in December above expectation of 4.7% yoy. That’s the highest level since September 1991. Excluding gasoline, CPI rose 4.0% yoy. On monthly basis, CPI dropped Read more…
Ford’s early investment in EV maker Rivian will add $8.2 billion to its Q4 bottom line, the carmaker said late Tuesday. Ford (F) – Get Ford Motor Company Report shares traded higher Wednesday after the carmaker Read more…
The Biden administration is rolling out the biggest deployment of personal protective equipment in U.S. history. But who makes the masks? The Biden administration has said it will make 400 million highly protective N95 masks Read more…
Equity markets are recovering some of yesterday’s losses but anxiety and uncertainty continue to dominate after a disappointing start to earnings season. Inflation and interest rate concerns are going nowhere soon and with traders now Read more…
The Canadian dollar continues to push higher and USD/CAD has dropped below the symbolic 1.25 line. The pair is currently trading at 1.2476 and is close to 1.2553, its lowest level since November 10th. US Read more…
Solid pre-market earnings could offset lingering inflation concerns and send stocks higher Wednesday following better-than-expected updates from Procter & Gamble, UnitedHealth and Bank of America. Updated at 8:40 am EST U.S. equity futures moved higher Read more…
Morgan Stanley posts a fourth-quarter earnings beat thanks to strong performances in the bank’s wealth management and asset management groups. Morgan Stanley (MS) – Get Morgan Stanley Report on Wednesday posted stronger-than-expected fourth-quarter earnings thanks Read more…
More than half of Americans couldn’t cover a surprise $1,000 bill — and inflation is making it worse, according to a new survey. A recent Bankrate survey shows that only 44% of Americans could cover Read more…
Dow component Procter & Gamble topped Q2 earnings forecasts and said it’s making ‘significant’ progress in terms of offsetting increased shipping and commodity costs. Procter & Gamble (PG) – Get Procter & Gamble Company Report posted Read more…