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Investors eye how strong growth in Q3 gross domestic product will be when the government reports the official advance estimate on Thursday.Following the first two quarters when the annual rate of growth came in at 6.3% and 6.7%, respectively, the arrival of the delta variant this summer and ongoing disruptions …

USD/CAD fell for the first time in the week, down by 0.25%, trading at 1.2358 during the New York TRADING session. As the BoC decided to keep interest rates unchanged, investors’ expectation towards the QE was a reduction in its weekly purchases from CAD 2 billion to CAD 1 billion. …

U. S. Stocks hovered between small gains and losses, on Wednesday, as investors digest corporate earnings results released by biggest U.S. companies.The S&P 500 rose 0.2% a day after the broad stocks gauge closed at an all-time high for the 57th time this year. The Dow Jones Industrial Average, which …

Oil prices retreated on Wednesday after U.S. crude oil stockpiles rose more than expected. The bigger-than-expected rise in U.S. crude stocks gave some investors a momentum to implement long positions.Brent oil futures ended down $1.82, or 2.1%, to $84.58 a barrel, after closing at a seven-year high on Tuesday. U.S. …

Raising the debt limit has become more of a partisan battleground, resulting in perennial crises that threaten to undermine global faith in American markets and push the U.S. economy to the edge of recession.After raising the debt limit before default deadline, earlier this month, Congress still needs to tackle the …

The largest U.S. manufacturers including do encounter logistics headache and higher costs as a result of global supply bottlenecks that could continue into 2022, but most companies agree that the hit to profits can be compensated by charging higher prices for their goods.Companies globally pushed the alarm button reiterating that …

The price of one Bitcoin fell more than 5% Wednesday and was trading around $59,000, 12% below its record high only one week ago.Similar steep drop for any other financial, like a stock or bond within such a short time would mean a market correction. For bitcoin, it is just …

Gold prices try to hold on humble gains impacted by economic data showing steady momentum in the U.S. manufacturing sector.U.S. durable goods orders declined by 0.4% in September, following August’s increase of 1.3%. The data was better than expected; namely a decline of 1.1%.Excluding transportation, new orders rose by 0.4% …

Short term U.S. Treasury yields leapt higher Wednesday after the Bank of Canada shut down its QE program and signaled for an early 2022 interest rate hike only some days before November’s awaited Fed policy meeting.Treasury yields jumped higher Wednesday, pushing major stock indices into the red zone, after the …

The Bank of Canada took a new major step to pull back on the amount of stimulus it has been providing to support the domestic economy on Wednesday.The latest step constitutes ending net new purchases through its quantitative easing program and moving up its forecast for when it could decide …