Oil prices continued to drift lower this week but signs are emerging that the pace of decline is easing. With much of the supply glut now likely reflected in prices, there is potential for WTI crude to stabilize around 55 handle, even if near-term weakness extends. The downtrend persisted since OPEC and its allies started […]
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Equities maintain a “risk-on” rally, defying the market disconnect from elevated oil prices and rising interest rate expectations. The US market faces a pivotal week with the final Powell-led CPI report expected on Tuesday, ahead Read more…
Canadian Highlights Canada’s labour market remained soft in April, with employment down and the unemployment rate rising to 6.9%. Canada’s trade balance returned to surplus in March on stronger commodity exports, though net trade is Read more…
The week ahead is relatively quiet for major Canadian data releases, but industry reports will offer important signals about the economy’s momentum heading into spring. Early signs from Statistics Canada’s advance estimates suggest wholesale trade Read more…