) are sliding on Thursday morning as both companies posted mixed first quarter earnings. The companies are feeling the pressure of weakening consumer demand, withBitcoin Plunges. Here’s Why and How Far Prices Could Fall.Bank of Canada closer to being able to cut rates, Macklem says
OTTAWA -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.
These five companies offer strong returns. The post Dividend Royalty: 5 Fabulous Stocks to Buy Now for Decades of Passive Income appeared first on The Motley Fool Canada.Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer.The company said that its retail segment sales rose 4.4 per cent to $13.
This finance YouTuber says there’s 1 retirement trap that no one talks about — here’s what you need to know -- Traders on Wall Street cheered on Wednesday when Federal Reserve Chair Jerome Powell signaled he didn’t see oncoming interest-rate hikes despite inflationary pressures. The celebration didn’t last long.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastJerome Powell Offered Markets a Reprieve.
Cenovus Energy stock has been one of the best performers on the TSX this year, but I do have a concern. The post Cenovus Stock Is Rising, but I’m Worried About This One Thing appeared first on The Motley Fool Canada.The Wall Street adage suggests investors should dump stocks this month and return to the market in November. But gutting your portfolio before the summer may not be a recipe for success.