A look at Monday morning’s market action
Major European markets were positive in morning trading in the wake of a deal to raise the U.S. debt ceiling.Sentiment was helped early Monday by weekend news that U.S. President Joe Biden and House Leader Kevin McCarthythe U.S. debt limit, heading off an historic default. The agreement, which includes spending cuts, will suspend the US$31.4-trillion debt ceiling until Jan. 1, 2025. The agreement now moves to Congress for a vote.
Markets are expecting to see a modest contraction of 0.1 per cent in March and annual growth of 2.5 per cent for the first quarter.“Output may have progressed 2.5 per cent in annualized terms, which would be this indicator’s fastest clip since the second quarter of 2022. Published at the same time, industry data could show a 0.
The day range on Brent was US$77.18 to US$77.75 in the early premarket period. The range on West Texas Intermediate was US$72.94 to US$73.55.“We could see more gains as a relief rally gets under way in the broader financial markets when the U.S. comes back from the long Memorial Day weekend,” Vandana Hari, founder of oil market analysis provider Vanda Insights, said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bell: Nenshi roasts Smith, backs Notley for Alberta premierFormer Calgary Mayor Naheed Nenshi rakes UCP Leader Danielle Smith over the coals says she\u0027s a threat and endorses Rachel Notley and NDP
Read more »
Obituary: James Eagle served in the Canadian military after suffering residential schoolJames Eagle served in Canada\u0027s military for 25 years despite suffering in the residential school system as a boy. He died this year at 88.
Read more »
Fashion’s Greenwashing Problem: How Canadian shoppers might be misled by eco claims - National | Globalnews.caClothing brands are offering more sustainable options to Canadians. But it raises questions: how can consumers tell if these eco-claims are real? Or are retailers greenwashing their way into our wardrobes?
Read more »
News Roundup: Stellantis pulls Canadian investment, GTA Mercedes-Benz dealer employees strike, and moreICYMI: News Roundup: Stellantis pulls Canadian investment, GTA Mercedes-Benz dealer employees strike, and more — via drivingdotca autonews
Read more »
News Roundup: Stellantis pulls Canadian investment, GTA Mercedes-Benz dealer employees strike, and moreICYMI: News Roundup: Stellantis pulls Canadian investment, GTA Mercedes-Benz dealer employees strike, and more — via drivingdotca autonews
Read more »
News Roundup: Stellantis pulls Canadian investment, GTA Mercedes-Benz dealer employees strike, and moreICYMI: News Roundup: Stellantis pulls Canadian investment, GTA Mercedes-Benz dealer employees strike, and more — via drivingdotca autonews
Read more »