Article content TORONTO — The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Friday as investors dialed back bets for interest rate cuts by the Bank of Canada in the coming months following stronger-than-expected domestic jobs data. The Canadian economy gained 41,400 jobs in April, exceeding expectations for an increase of […]
Article content Carvana Co’s shares soared as much as 55% on Friday after the struggling online used-car retailer’s surprise second-quarter profit forecast caught bearish investors on the wrong foot. Carvana endured a turbulent 2022 as the company struggled to offload used cars purchased at higher prices during the pandemic due to weak demand over affordability […]
Breadcrumb Trail Links PMN Economy PMN Business Article content U.S. natural gas futures slid about 2% to a one-week low on Wednesday as drillers keep pulling record amounts of gas out of the ground, mild weather keeps demand low and the amount of gas flowing to liquefied natural gas (LNG) Financial Post Top Stories Sign […]
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Article content SAO PAULO — Brazilian soybean port premiums have fallen to historical lows in recent days amid lukewarm Chinese demand while the country reaps a record crop, analysts and traders said. The premiums’ levels fell to as low as -200 basis points per bushel this week in ports like Paranagua for May shipments, surprising […]
Article content PARIS/SINGAPORE — Chicago wheat fell on Wednesday after a three-session rally as participants digested developments regarding exports from Ukraine, including a deal on grain transit via Poland, while assessing rain forecasts for parched U.S. wheat belts. Corn and soybeans also eased as the market monitored the U.S. weather outlook after a mixed start […]
Breadcrumb Trail Links PMN Economy PMN Business Article content LONDON — Global demand for silver rose by 18% last year to a record high of 1.24 billion ounces, creating a huge supply deficit, the Silver Institute said on Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Sruthi Shankar and Ankika Biswas Published Apr 14, 2023 • 2 minute read Join the conversation Article content Futures tied to the S&P 500 and the Dow pared losses on Friday as resilient earnings from big U.S. banks helped assuage fears of further […]
Article content MADRID — Norway’s sovereign fund will oppose Ferrovial’s plan to relocate to the Netherlands at the Spanish engineering company’s shareholders’ meeting this week, after the Spanish government criticized the proposal put forward by the board. The $1.4 trillion fund, which holds a 1.49% stake in Ferrovial, said on its website it would vote […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Joey Roulette and Kevin Krolicki Published Apr 08, 2023 • 5 minute read Join the conversation Article content As the fortunes of Richard Branson’s Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering a $200 million […]