U.S. Import Prices Surge on Energy Costs, Signaling Rising Inflation
U.S. import prices recorded their sharpest increase in nearly four years in February, climbing 1.3% amid a surge in energy costs tied to escalating tensions in the Middle East. The rise, reported by the...
Bank of Canada Likely to Hold Rates Amid Oil Price Surge and Inflation Concerns
The Bank of Canada is widely expected to keep its benchmark interest rate unchanged at 2.25% in its upcoming policy announcement, despite growing concerns over inflation triggered by a sharp rise in global oil...
Canada’s Inflation Slows to 1.8% in February Amid Base-Year Effects
Canada’s annual inflation rate eased to 1.8% in February, down from 2.3% in January, according to data released by Statistics Canada. The decline was largely driven by base-year effects, as prices had surged during...
Global Tensions Rattle Markets as Oil Surges and U.S. Stock Futures Slide
U.S. stock futures fell sharply in premarket trading Monday as global oil prices surged amid signs that U.S.-Israel military strikes in Iran were expanding across the region, fueling fears of major disruptions to energy...