TSX today: Canadian stock market down after Powell speech - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

Stock markets in Canada and the United States were down in late-morning trading following a speech by U.S. Federal Reserve chair Jerome Powell in which he said he expects to keep interest rates high in his fight against inflation.

Oil posts weekly gain as Saudi warning lingers over marketGold extends drop as traders weigh Powell's remarks on ratesNew York Fuel Supply Is So Low It Triggered White House WarningShipping Giant CMA CGM Sees Softening of Global Freight RatesBritish Pubs Fear Beer Shortage From Lack of Carbon DioxideTexas

Crypto-Mining Rush May Need as Much Power as Entire State of New YorkGerman Power Rises to Record 800 Euros in Latest Inflation BoostEurope’s Deepening Fertilizer Crunch Threatens Food CrisisBiden Administration Urges Fuel-Export Cuts to Restock NortheastDiesel Pinch Looms as World Seeks Relief From Pricey Natural Gas

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

He was packing FUD in hopes the speech alone will nudge the market/slow growth. Working so far.

Business Business Latest News, Business Business Headlines