The Caisse de depot et placement du Quebec and DP World have signed a US$1.2-billion deal to start the construction of an international container port and industrial logistics park in Indonesia.
Statistics Canada says January saw the country post its first trade surplus since May 2019 as exports surged higher. The agency says the surplus of $1.4 billion was the largest surplus since July 2014 and compared with a revised deficit of nearly $2 billion in December.
U.S. employers added more jobs than forecast in February and the unemployment rate declined, suggesting the labor market is clawing its way forward again following several disappointing months.
U.S. futures are little changed a morning after Federal Reserve Chair Jerome Powell whipsawed markets by not changing his tune and making it clear he’s in no rush to appease traders who’ve sent the 10-year U.S. Treasury yield sharply higher in recent weeks.
Last summer as the Faang block was tightening its strangle-hold on equities, a theory was hatched that the only thing that could ever halt the rally in megacap tech would be evidence the economy is healing.
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