Mirroring developments in the U.S. stemming from the impact of the coronavirus on the economy, the Bank of Canada today (March 4, 2020) lowered the Bank Rate by one half of one percent to 1 ¼ percent. Here is the full text of today’s press release: Continue reading “Bank of Canada lowers interest rate”
Tag: G7
Group of 7 (G7) consisting of Canada, France, Germany, Italy, Japan, U.K., and U.S.A., the seven largest advanced economies in the world, which meets several times annually to discuss economic policies.
Chinese oil imports from U.S. resuming
Chinese oil major Sinopec will receive its first cargo of American oil this week since imports were halted in September 2018. A worsened U.S.-China trade relationship at that time had them worried that their home country would impose tariffs on imports of American oil in reaction to U.S. President Donald Trump’s trade actions against China, leading them to suspend purchases of oil from the U.S. Continue reading “Chinese oil imports from U.S. resuming”
Canadian resource investing
The world offers myriad choices to investors seeking opportunities in the resource sector. Today, themoneynarrative looks at the breadth of listings on Canadian stock exchanges, and offers insight as to why this is so. The resource sector comprises a number of sub-sectors; we will focus on just one: mining. Continue reading “Canadian resource investing”
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