Federal Reserve Chair Kevin Warsh will face tough questions on inflation after Wednesday’s FOMC meeting. How direct will he be in answering them? … READ MORE >
oil prices
Market Minute: How falling inventories and rising diesel prices pose an inflation risk
We expect higher transportation costs to continue to pressure food and most other goods higher for consumers and for all aspects of the business community. … READ MORE >
Bank of Canada holds interest rate again amid signs of economic recovery
The Bank of Canada held its overnight rate at 2.25 per cent—a widely expected move, but one delivered with a dovish tone amid ample signs of economic recovery. … READ MORE >
Market Minute: Why gas prices will fall, but only gradually
For every $10 that the price of oil declines per barrel, the price of gas declines by only $0.024 per gallon. … READ MORE >
Market Minute: Gas price volatility is an echo of past crises
Most recently, in 2022, Russia’s invasion of Ukraine caused disruptions to the energy supply chain, sending gasoline prices 60% higher. … READ MORE >
Bank of Canada holds interest rate amid global uncertainty, domestic strain
The Bank of Canada kept its key interest rate at 2.25 per cent—a fifth consecutive hold—due to the elevated level of uncertainty around the direction of the domestic economy and the global financial implications of the war in the Middle East. … READ MORE >
Market Minute: Drawing down oil reserves
In the first two months of the conflict, almost 100 million barrels of inventory were burned through. … READ MORE >
Market Minute: Are you experienced?
Households in the U.S. and Canada, whose economies have become net exporters of oil, have not been spared the rising cost of gasoline and diesel. … READ MORE >
Market Minute: U.S. equity valuations rise amid supply shock
One gets the sense that rising commodity prices and elevated equity valuations cannot both be correct under current conditions. … READ MORE >
Bank of Canada holds interest rate again as economic uncertainty mounts
The Bank of Canada again maintained its key interest rate in a decision that provided little in the way of new information or an updated evaluation on the rapidly changing global economic environment. … READ MORE >