Canada's main stock index was down more than 100 points on Wednesday, dragged lower by losses in energy as oil sank below US$70 a barrel, while U.S. markets were also down.
Treasury Secretary Janet Yellen refrained from endorsing current expectations among traders for Federal Reserve interest-rate cuts, while saying that markets can sometimes complement policymakers’ actions.
Demand for a rarely used Federal Reserve facility rose to the highest level since 2020 this week, potentially signaling that one or more banks are making preparations for future liquidity strains as the central bank’s balance-sheet unwind deepens.
Group of Seven nations have agreed to ban Russian diamond imports from the start of next year in the latest move to curb Russia’s ability to fund its invasion of Ukraine.
Ramaco Resources Inc. said it found two more rare minerals in a Wyoming coal mine, adding to its discovery of what the company has called one of the largest deposits of rare-earth elements in the US.
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