Commodities

Macklem is speaking live to the Canadian chamber of commerce.Key QuotesCovid recovery phase is chance to make long overdue gains in Canadian productivity.Productivity growth is vital to economic growth, increasing wages without raising unit labour costs.US capital has moved to higher-productivity sectors in larger amounts than in Canada, ‘has been …

Isabel Schnabel, member of the Executive Board of the European Central Bank (ECB), mentioned during a Twitter session of Q&A that rising interest rates would not lower energy prices. She added that if current inflation “threatens to lead to a de-anchoring of inflation expectations, we may still need to respond”. …

The US trade deficit widened in December as imports soared, hitting the largest-ever level in all of 2021. The Commerce Department said on Tuesday that the trade deficit rose 1.8 percent to $80.7 billion in December. November’s data was revised down to $79.3 billion, instead of $80.2 billion in the …

Gold prices were little changed on Wednesday as falling US Treasury yields ahead of the widely expected strong inflation data kept gold investors on the lookout. And the price of gold in spot transactions rose 0.1 percent to $ 1827.20 an ounce, and US futures settled at $ 1828.40. Analysts …

Gold prices headed during trading, today, Wednesday, near the highest level in two weeks during the previous session, before the release of inflation data in the United States, which is expected to come in strong this week, despite the fact that the rise in US Treasury bond yields prompted investors …

Investors may have over-reacted to what they see as a hawkish pivot from the European Central Bank, Bank of France Governor Francois Villeroy de Galhau said. French President Emmanuel Macron’s price caps to stop a cost-of-living crisis colliding with April’s elections will slow inflation by about one percentage point at …

France’s trade deficit in goods widened to a record €84.7bn last year, creating what its finance minister Bruno Le Maire called “a black mark” over the economy. The 31 per cent increase in the country’s trade deficit in goods came as its economy rebounded strongly from the fallout of the …

West Texas Intermediate crude dipped on Tuesday amid profit-taking though has recovered from session lows near $89.00 back above the $90.00 level.Analysts cited chatter about a potential US-Iran nuclear programme deal and President Macron’s Moscow visit as weighing on prices.Front-month WTI futures pulled back from close to seven-year highs on …

Gold prices stabilized on Tuesday in light of concerns about Russia and Ukraine, which kept the metal, which is considered a safe haven of value, supported near the highest level in a week, which was recorded in the previous session. At the same time, the markets awaited US inflation data …

The US Commerce Department said it has added 33 Chinese entities to what it calls a list of unverified exports that requires US exports to go through additional procedures before goods are shipped to those entities. On Monday, the department said it was taking the step because it was unable …