The Daily Chase: U.S. inflation numbers, fizzling meme stock rally
Here are five things you need to know this morning.
Here are five things you need to know this morning.
A measure of underlying U.S. inflation cooled in April for the first time in six months, a small step in the right direction for U.S. Federal Reserve officials looking to start cutting interest rates this year.
One portfolio manager believes the Canadian dollar is soon to dip, but that a bullish approach to commodities and the sale of U.S. assets could benefit investors as the loonie recovers later this year.
Consumer spending in Canada has continued to show signs of weakness over the past two months, according to fresh data from the country’s two largest banks.
Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain, fell 1.1 per cent to $81.4 billion in March.
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