TSX edges lower as oil rises ahead of Fed decision
Canada’s main index slipped 11.97 points to 21,837.18 while US markets climbed on optimism over Wednesday’s Federal Reserve rate decision. Dow led gains, Nasdaq and S&P 500 traded higher as investors eyed rate projections and inflation signals. Oil rose to 82.16, gold near 2,164.30, copper at 4.13, with currency at 0.7385 USD.
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Toronto
Canada
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U.S. Federal Reserve
Hadiza Djataou
Mackenzie Investments
Djataou
Fed
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Canadian home sales jump nearly twenty percent in February
The Canadian Real Estate Association reports February 2024 home sales up 19.7 percent year over year, with activity near five percent below the 10 year average. Inventory sits at 3.8 months, prices rise 3.5 percent from February 2023, and buyers appear more optimistic as rate cuts loom.
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Canadian Real Estate Association
CREA
Shaun Cathcart
Vy Ngo
Big City Realty Inc
Bank of Canada
Ngo
Toronto
Inflation likely re-accelerates in February as gas prices rise
Economists expect Canada’s February inflation to climb to about 8.1 percent from a year earlier as energy costs push price pressures higher. Bank of Canada watchers say underlying measures will guide any rate moves, with officials cautious on premature cuts.
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Ottawa
Statistics Canada
Royce Mendes
Macro Strategy
Desjardins
Bank of Canada
Mendes
Tiff Macklem
Macklem
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