Recent strength in the Canadian dollar may portend a rally in crude prices. Historically, the CAD/USD exchange rate has tracked crude prices reasonably well. Using weekly data going back to 1983, the two series have a 67% correlation. In recent weeks, however, ...
The Dow was higher for the seventh consecutive session for the first time since August. On Bay Street, energy issues helped counter weak gold and bank stocks. Today on Stockhouse Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission ...
Summary Box: Consumer prices flat in January as weak economy keeps inflation in check COST OF LIVING FLAT: The price of clothing, shelter and other goods was unchanged last month, the government said, as a drop in energy prices offset a rise ...
Banks reduce their borrowing by average of $2.24 billion from Fed's emergency loan program Banks borrowed less from the Federal Reserve's emergency lending program over the past week in a further sign that the strains from the financial crisis are fading. The ...
President Barack Obama offered hope Thursday that the faltering US economy will soon create more jobs, as he signed a multibillion-dollar employment package to aid the fragile recovery. Signing into law a 17.6-billion-dollar measure designed to boost hiring, Obama said the economy ...
WASHINGTON (Reuters) - Labor market and consumer prices data on Thursday showed the U.S. economy is on a moderate growth path and inflation pressures are contained, backing up the Federal Reserve's vow to keep benchmark interest rates ultra-low for some time. Initial ...
A key index tracking the US economy barely rose in February, indicating that economic growth after a brutal recession may have peaked, the Conference Board said Thursday. The business research firm said its forward-looking leading economic index (LEI) gained just 0.1 percent ...
FedEx fiscal 3rd-qtr profit more than doubles, sees economic recovery continuing FedEx says the global economic recovery is broadening, as the U.S. economy gains steam and Asia continues to show strong growth. For the U.S., FedEx confirmed what economists have been saying ...
NEW YORK (Reuters) - Former Federal Reserve Chairman Alan Greenspan, whose legacy has been tarnished by the global financial crisis, on Thursday laid out a scholarly defense of why Fed policy did not fuel the housing bubble. Greenspan did offer somewhat of ...
Europe's main stock markets stumbled on Thursday as investors took profits and digested economic data including a larger-than-expected eurozone trade deficit, dealers said. In late morning European trade, London's benchmark FTSE 100 index gained just 0.08 percent to 5,649.25 points, while the ...
