Bank of Canada Seen Holding Rates Steady Amid Temporary Oil Shock
The Bank of Canada is widely expected to keep its key interest rate unchanged at 2.25% when it announces its policy decision on April 29, as economists view the recent oil price spike triggered...
U.S. Jobless Claims Fall as Hiring Caution Grows Amid Middle East Tensions
The number of Americans filing new claims for unemployment benefits declined last week, signaling continued stability in the labor market even as broader economic uncertainty persists. Initial jobless claims fell by 11,000 to a...
Mortgage Rates Surge to August High Amid Oil-Driven Inflation Fears
U.S. mortgage rates climbed sharply last week, reaching their highest level since August as escalating oil prices—linked to the ongoing conflict involving the United States, Israel, and Iran—intensified inflation concerns. According to the Mortgage...
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...
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...