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Forex News

Friday May 17, 2019

Stocks fall following a sell-off in the final hour on news US-China trade talks have stalled

Stocks closed lower on Friday after CNBC reported that trade talks between China and the U.S. have stalled.

Thursday May 16, 2019

Dow jumps more than 200 points, posts 3-day winning streak, boosted by bank shares and Walmart

Stocks rose as sentiment was boosted by strong earnings from Walmart and Cisco Systems while banks climbed on higher rates.

Wednesday May 15, 2019

Dow rises more than 100 points, erasing 190-point drop, as Trump delays auto tariffs

Stocks rose on Wednesday on news that President Donald Trump plans to delay the implementation of auto tariffs.

Thursday May 09, 2019

Dow falls 138 points, S&P drops for a fourth day as new China tariffs set to kick in at midnight

The sell-off this week continued on Wall Street Thursday, as new tariffs on Chinese goods are set to go into effect at midnight.

Markets & Economics

Wednesday May 22, 2019

Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018

Homeowners are taking advantage of lower interest rates, rushing to refinance th...

Wednesday May 22, 2019

China would see 'blue skies ahead' if it accepts all US demands, Fed's Bullard says

St. Louis Federal Reserve President James Bullard expressed optimism that the Un...

Tuesday May 21, 2019

Potential Fed nominee Judy Shelton wants a change in the way interest rates are set

The economist thinks the Fed ought to pay more attention to financial markets wh...

Tuesday May 21, 2019

Home sales fell in April despite a big drop in mortgage rates

Sales of existing U.S. homes fell 0.4% in April compared with March to a seasona...

Canadian Business

Wednesday - May 22, 2019

New mortgage loans slowed in Canada but overall va...

CMHC 20180731

The number of mortgage loans in Canada grew at a slower pace in the fourth quarter as housing activity cooled, according to a new report from the Canadian Mortgage and Housing Corporation, but the value of all mortgages is still rising.

Wednesday - May 22, 2019

Federal Reserve still thinks rate hikes are possib...

Federal Reserve Powell

Federal Reserve officials at their recent meeting believed the central bank could remain "patient" in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed.

Wednesday - May 22, 2019

China's Xi Jinping tells his country to get ready ...

China Civilizations Dialogue

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.

Wednesday - May 22, 2019

'Price-conscious' pot consumers find backyard plan...


For the first time, Canadians can legally grow cannabis in their gardens or outdoor planters this spring in every province except Quebec and Manitoba. Homegrown weed is a money-saver, and not difficult. But there are challenges, including that not every province has a good supply of seeds.

Wednesday - May 22, 2019

Canada to spend $15.7B on new coast guard ships, T...


Canada plans to build up to 18 new coast guard ships at a cost of $15.7 billion in an effort to renew Canada's Coast Guard fleet,  Prime Minister Justin Trudeau announced Wednesday.

Wednesday - May 22, 2019

Statistics Canada reports retail sales rose 1.1 pe...

BC Gas Prices 20190514

Statistics Canada says retail sales rose 1.1 per cent to $51.3 billion in March boosted by higher gas prices and sales of building materials, garden equipment and supplies.