By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will raise interest rates again in July to 5.00% after a surprise 25 basis point increase last week, according to economists polled b[...]
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Canada
US dollar inches higher ahead of inflation data, Fed rate decision
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week,[...]
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Rich US subsidies may hobble Canada’s clean-fuel efforts
By Rod Nickel WINNIPEG, Manitoba (Reuters) – Canadian biofuels producers are threatening to build their next projects in the United States to cash in on rich subsidies for clean fuel and stay co[...]
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Glencore makes offer for Teck’s steelmaking coal business
By Clara Denina LONDON (Reuters) -Glencore on Monday offered to buy Teck Resources’ steelmaking coal business as a standalone unit, after the Canadian miner twice rebuffed its $22.5 billon offer[...]
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Explainer-Why is the Canadian economy strong despite record pace of rate hikes?
By Steve Scherer OTTAWA (Reuters) – Despite the fastest monetary tightening cycle in the country’s history, Canada’s economy is still running hot, which forced the central bank to cr[...]
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TC Energy shuts two compressor stations on NGTL due to Alberta wildfires
(Reuters) – TC Energy said it completed the shutdown of two compressor stations on the NOVA Gas Transmission Ltd. (NGTL) System and a gas storage facility on Saturday that were near wildfires in[...]
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Central banks shelve guidance, in fits and starts, as inflation reigns
By Howard Schneider, Leika Kihara, Balazs Koranyi and William Schomberg (Reuters) – Central bankers, who once considered obscurity central to their craft, are trying to wean the world from the p[...]
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WestJet ratifies contract with Swoop pilots, to integrate airline into main ops
(Reuters) – Onex Corp’s WestJet and pilots at its budget carrier Swoop ratified a new four-year agreement for pay hikes and job security, the Air Line Pilots Association International (ALP[...]
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Dollar gains before Fed meeting, inflation data
By Karen Brettell NEW YORK (Reuters) – The dollar bounced off two-week lows on Friday as investors awaited inflation data and the Federal Reserve’s interest rate decision next week for any[...]
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