A look at Tuesday morning’s market action
, from 2.8 per cent in June. Economists had been expecting a number closer to 3 per cent in the latest report. Month-over-month, the consumer price index was up 0.6 per cent, also higher than a forecast of a 0.3-per-cent increase.
Also on Tuesday morning, Canadian investors will got a snapshot of the country’s housing market with the release of the July home sales figures from the Canadian Real Estate Association. Overseas, the pan-European STOXX 600 was down 0.74 per cent by midday. Britain’s FTSE 100 lost 1.13 per cent. Germany’s DAX and France’s CAC 40 were off 0.76 per cent and 0.95 per cent, respectively.
“The demand side is weakening and that could stall the oil rally at the actual levels, forcing a return of the barrel of U.S. crude toward the US$80-per-barrel level, as worries regarding the Chinese recovery are real, and China will have to deploy further stimulus measures to fix things and bring investors back on their side of the table,” Swissquote senior analyst Ipek Ozkardeskaya said.Later Tuesday, traders will get the first of two weekly U.S.
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.
Eddie’s Evening Update; showers and rain return for TuesdayA weak area of low pressure will swirl across the Island over the next 12 hours or so and will bring areas of rain, showers, and even the risk of some passing thunderstorms with it. The storm risk is overnight and anything that does develop should be rather isolated. This image from ECCC shows where […]
Read more »
Canadian automotive R&D needs government funding, or it risks falling behindAs the industry transitions to electric vehicles, industry insiders and observers say government aid is seen as essential.
Read more »
Eddie’s Tuesday evening forecast; rain showers tonight, less for WednesdayTonight&8217;s Outlook A weakening area of low pressure will swirl across the Island overnight. This will keep on-and-off showers on the go for areas of western, central, and eastern Newfoundland while the South Coast remains primarily dry. Lows in the lower to middle teens. Some coastal locations will see fog patches overnight. Wind speeds will […]
Read more »
Crypto exchange Coinbase to roll out Interac e-transfer integration as part of Canadian offeringsCoinbase says the moves signal its commitment to Canada, and come at a time when other trading platforms have said they were pulling out of the country
Read more »
Surge stopped short of CEBL crown by Shooting StarsCalgary Surge fall short of Canadian Elite Basketball League title in loss to Scarborough Shooting Stars
Read more »
Surge stopped short of CEBL crown by Shooting StarsCalgary Surge fall short of Canadian Elite Basketball League title in loss to Scarborough Shooting Stars
Read more »