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Everything You Need to Know on Tuesday: Crude Oil Prices Surge Amid Escalating Geopolitical Tensions, Supply Concerns
Good morning mooers! Here are things you need to know about today's market:
Canadian Inflation Picks up: Will it Delay BoC Rate Cuts?
Members of the Bank of Canada Governing Council who considered waiting until July to cut rates would not have been reassured by May's inflation data: consumer price gains unexpectedly accelerated to 2.9% year-over-year from 2.7% in April, led by a 4.6% increase in services prices, up from 4.2%.When excluding volatile components - food and energy - the picture is the same: the core index was up 2.9% after 2.7% the previous month.Again, hous...
Scotiabank Previews This Week's CPI Data in Canada
Canadian markets face double-barrelled action this week as consumer price index (CPI) and gross domestic product (GDP) updates are released, noted Scotiabank. This will be one of two inflation reports
The Week Ahead (Canada Housing Starts and US Retail Sales in Focus)
There aren't any significant earnings reports on the horizon for this week, so everyone's going to be watching some key economic developments instead.
Earnings Call Summary | THERALASE TECHNOLOGIES INC(TLTFF.US) Q1 2024 Earnings Conference
The following is a summary of the Theralase Technologies Inc. (TLTFF) Q1 2024 Earnings Call Transcript:Financial Performance:Theralase's Q1 2024 total revenue decreased by 15% year-over-year.Gross mar
BoC Cuts Rates: Which Sector Is Poised to Benefit?
In a groundbreaking move, the Bank of Canada has reduced its key interest rate as revealed at the Monetary Policy Decision Conference, positioning itself as the pioneer among the Group of Seven to initiate a cycle of monetary easing. Governor Tiff Macklem, demonstrating confidence in managing inflation, also shared a positive view on the future of Canada's economy.