[ad_1] TORONTO (Reuters) – Canada’s economy added 14,500 jobs in October and the jobless rate held at 6.5% from September, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY NICK REES, SENIOR FX MARKET ANALYST AT MONEX EUROPE LTD “Jobs gains slipped back in October, as we expected with less help from seasonal adjustments this month. But the unemployment rate stabilising at 6.5% might give the BoC some pause for thought when considering another 50 bp (basis point) rate move in December, keeping USD-CAD treading water for now.” ANDREW GRANTHAM, SENIOR ECONOMIST, CIBC (TSX:) CAPITAL MARKETS “Canadian employment…
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[ad_1] Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. [ad_2] Source link
[ad_1] Adding more gold to your portfolio could make a lot of sense, experts say, even with the price elevated. PeilingLeeCopyright/Getty Images This has been gold’s year. The precious metal has been on a tear in recent months, outperforming many other asset classes by a landslide. Case in point: Forecasts project stock market gains of about 9.3% for the year. Meanwhile, gold prices have jumped by over a whopping 35% since the start of 2024 alone.The reasons for the yellow metal’s performance are many — high (but now cooling) inflation, geopolitical tensions and economic uncertainty as we head into a…
[ad_1] As we’ve talked about the past few days, we want to capitalize on the recent market strength to lighten up on stocks we deem lesser quality. [ad_2] Source link
[ad_1] Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. [ad_2] Source link
[ad_1] Please Register or Sign in to view this content. Quantum Commodity Intelligence is a premium paid subscription service for professionals in the oil, biofuels, carbon and ammonia markets. Quantum Carbon service subscribers have access to: Daily price assessments Market news and price commentary Fundamental trade data Quantum Carbon Daily – market report sent to your email Get in touch with us for subscription information on all Quantum platforms, or help with the service. [ad_2] Source link
[ad_1] (Bloomberg) — Billionaire activist investor Carl Icahn’s investment fund is cutting its dividend payout by half as it plans to boost its stake in CVR Energy Inc. Most Read from Bloomberg Icahn Enterprises LP will distribute a dividend of $0.50 per depositary unit in the third quarter, down from $1 per unit in the second quarter, according to an earnings statement on Friday. The firm is planning to raise its CVR Energy holding to about 81%, from 66%, it said in a separate statement. IEP will launch a tender offer to buy as many as 15 million additional CVR…
[ad_1] Image source: Getty Images Due to their exposure to the UK economy, it’s often said that stocks on the FTSE 250 are less affected by global events. However, 59% of their revenue comes from overseas. Admittedly, this is less than the FTSE 100’s 80%. But it does illustrate that increased globalisation makes it ever more difficult for companies to isolate themselves from world events. During his election campaign, Donald Trump said he’ll impose tariffs of 10%-20% on all imports to the US. Apparently unconcerned by the possibility of a global trade war, American voters duly elected him their 47th…
[ad_1] Sony’s PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.Here’s how the company did in the September quarter, versus LSEG consensus estimates:Revenue: 2.97 trillion Japanese yen ($19.4 billion), versus 3.03 trillion yen expected. That was up 9% and slightly below analyst expectations.Operating profit: 455.1 billion yen, versus 336.07 billion yen expected. That’s up 73% year over year and beats expectations.The Japanese tech giant revised its fiscal 2025 revenue target up slightly to 12.7 trillion yen. It…
[ad_1] Investing.com — Paramount Global (NASDAQ: PARA) reported third-quarter earnings that surpassed analyst expectations, while revenue fell short of estimates. The media company’s stock edged down 0.35% following the release. Paramount posted adjusted earnings per share of $0.49, beating the analyst consensus of $0.24 by $0.25. Revenue for the quarter came in at $6.73 billion, missing the $6.94 billion estimate and declining 6% YoY from $7.13 billion. The company’s Direct-to-Consumer (DTC) segment showed strong growth, with revenue increasing 10% YoY to $1.86 billion. Paramount+ added 3.5 million subscribers in the quarter, bringing its total to 72 million. The DTC segment achieved…