The Bank of Canada has released its Financial System Review (for 2023), which expresses increased concern compared to last year about the ability of households to pay their debts.In the document, the BoC noted that the spillover effects on Canada from recent stress in the global banking sector have been …

Wall Street indices increased by more than 1%, but the US dollar declined as market mood improved. But the US dollar received support from higher yields. The odds of a rate hike in June increased due to positive US economic statistics, optimism about a debt ceiling agreement, and a decrease …

The European Central Bank has completed most of its historic monetary-tightening campaign but there remains some ground to cover, according to Vice President Luis de Guindos.Without revealing where he sees the peak in interest rates, Guindos said Wednesday that future ECB decisions will hinge on data in the coming months. …

Target Corporation climbed on Wednesday after seeing a brief decline following the Q1’s earnings report, as analysts noted that the results were better than pessimistic projections had suggested.Target’s sales declined in the most recent quarter as consumers ceased routinely splurging on trendy clothing, home goods, and other things that account …

At the time of writing, the price of gold ranges between $1983.20 to $1983.65 per ounce. According to analysts who are long active gold at $1994/oz, the market selloff in gold is almost over, and prices will next reach new all-time highs as they anticipate imminent selling exhaustion in precious …

In the second half of 2023, the International Energy Agency forecasts a 2 million bpd supply deficit. The rise in oil prices is a result of positive developments in the US debt ceiling negotiations. Due to a slowdown in China’s economic growth, US crude oil prices are rising despite rising …

Natural gas demand has been an unexpected beneficiary of the green revolution, leading to a boom in demand for natural gas as a multi-year trend. Companies that supply major parts necessary for the natural gas business, like Chart Industries, report that business is booming and that booming business is very …

Treasury Secretary Janet Yellen warned the US could breach its debt limit by June 1, potentially setting off a recession in the event of default. Yellen also and said a default “could lead to a recession,” so several analysts believe a resolution to the debt ceiling issue could potentially buoy …

On Wednesday, Wall Street’s Big Tech will return.As investors continue to employ the strategies that have been successful for them over the previous ten years, the tech sector continues to be the primary driver of the major US stock indices. Investors are still primarily focused on discussions regarding lifting the …

Gold was subject to a sharp drop below $2,000, remaining under pressure and potentially testing the crucial support level of $1,970. Silver also lost ground, falling to $23.60. Crude oil prices retraced some of Monday’s gains, with WTI ending around $70.55. Cryptocurrencies also experienced losses; BTC/USD falling below $27,000 by …