Skip to main content

Featured

5 Things to Know Today: Oil Slides, the TSX Rallies, and the Mortgage Rate Gap Widens

Here's what's moving your money today, Saturday, July 25, 2026. 1. Oil Slides on Hopes of U.S.-Iran Talks — Gas Prices May Ease Brent crude pulled back to around $95 a barrel on Friday, down from levels near $100 earlier in the week, after reports that Pakistan is working to broker a path toward peace talks between the U.S. and Iran. The retreat helped drag the national average pump price down slightly to about $1.80 a litre, according to CAA, after several weeks of sharp increases tied to Middle East shipping disruptions. What it means for you: If you've been holding off filling up, prices could keep drifting lower this week — but the situation remains fluid. Any fresh strike near the Strait of Hormuz or the Red Sea could reverse the trend just as fast as it eased. 2. TSX Closes the Week With a Broad-Based Rally The S&P/TSX Composite jumped 176 points Friday to close at 35,369.10, recovering most of Thursday's pullback. Gains were broad, with energy the only secto...
Post a Comment
Read more

article

Labels

Canada’s economy continues to sputter in Q4 2023

According to Statistics Canada, Canada’s economy showed no growth in October, remaining unchanged at 0.0% on a monthly basis, which is below analyst expectations of 0.2% growth . This marks the third straight month where economic growth was essentially unchanged. Advance estimates for November showed that GDP increased 0.1% last month, as increases in manufacturing, transportation and warehousing, agriculture, forestry, fishing and hunting were partially offset by decreases in retail trade .

The country’s economic engine continued to sputter in the fourth quarter, according to Royce Mendes, Desjardins’ managing director and head of macro strategy. He expects the economy to post “virtually no growth” in the fourth quarter and continue to stagnate. As more households and businesses feel the impacts of higher interest rates in 2024, we expect Canada to fall into at least a mild recession. So while the economy is sputtering now, it might begin rolling backwards early in the new year.


Labels:

Comments

Post a Comment