Skip to main content

Featured

Wall Street Eyes Weekly Gain as Peace Hopes Lift Futures

  Wall Street Poised for Weekly Gain as Futures Climb on Middle East Peace Hopes Wall Street looked set to close the week on a positive note as U.S. equity futures climbed Friday, supported by renewed optimism that diplomatic progress in the Middle East could ease geopolitical tensions. Investors have been highly sensitive to any signs of de‑escalation, and this week’s developments helped unwind some of the risk premiums that had weighed on global markets. Oil prices, which surged earlier in the month on fears of supply disruptions, pulled back again as ceasefire discussions gained traction. Lower energy costs have helped cool inflation expectations, giving markets a bit more breathing room after a volatile stretch. Major U.S. indexes are now on track for a weekly gain, with tech and consumer stocks leading the rebound. Still, analysts caution that sentiment remains fragile: any setback in negotiations could quickly revive market turbulence. For Canadian investors, easing oil v...
Post a Comment
Read more

article

Labels

Canadian Inflation Climbs to 1.9% in January as Core Measures Edge Higher

 

Canada’s annual inflation rate in January rose modestly to 1.9%, up slightly from December’s 1.8% . The increase was largely driven by a surge in energy prices—especially gasoline and natural gas—which counterbalanced the downward pressure on prices provided by the recent GST/HST tax break on select goods ; additional details were outlined by Statistics Canada.

Core inflation measures, which exclude the more volatile food and energy components, also recorded an uptick. Both the CPI-median and CPI-trim indexes climbed to 2.7%, indicating persistent underlying price pressures despite headline inflation staying near the Bank of Canada’s target range of 1–3%.

Analysts suggest that while the tax holiday helped ease food price inflation—leading to declines in some categories—the rebound in energy costs has nudged overall inflation upward. With the temporary tax break now ended, economists will be closely monitoring upcoming data to determine if this modest rise is a temporary anomaly or a sign of more entrenched inflationary pressures.

By keeping a keen eye on core inflation metrics, policymakers and market watchers alike are preparing for future monetary decisions aimed at keeping inflation in check as new data emerges.


Labels:

Comments

Post a Comment