Canada will earmark C$15 billion ($12 billion) over five years for a Growth Fund to attract private investment in new and green technologies, a senior government source said on Wednesday, a day before this year's budget presentation.
With an election looming, Canada's province of Ontario is moving to rein in surging home prices with populist measures like a bigger foreign-buyer tax, but economists warn rising interest rates are likely to do most of the work.
The U.S. dollar's share of world currency reserves continues to ebb slowly - but reserve stashes are only one measure of its dominance of global finance, and there's no realistic scenario where that gets derailed any time soon.
The U.S. dollar's share of world currency reserves continues to ebb slowly - but reserve stashes are only one measure of its dominance of global finance, and there's no realistic scenario where that gets derailed any time soon.
The European Union must cut its heavy reliance on derivatives clearing in London in the same way as the bloc is ending its dependency on Russian energy due to the war in Ukraine, EU financial services chief Mairead McGuinness said on Wednesday.
A U.S. markets regulator on Wednesday voted to propose new rules that would require platforms that execute trades of security-based swaps to register with the agency in a bid to increase transparency of the over-the-counter derivatives market.
As the world's wealthy democratic powers roll out new sanctions against Russia in response to horrifying images of executed Ukrainians in the city of Bucha, it has become clear that the easiest options are now exhausted and stark differences have emerged among allies over next steps.
The Bank of Canada will raise its overnight interest rate by 50 basis points at its next policy meeting on April 13, according to a majority of economists polled by Reuters, who also sharply raised their inflation forecasts for this year.
The United States and its allies will target Russian banks and officials with a "sweeping package" of sanctions on Wednesday and ban new investment in Russia, the White House said, after Washington and Kyiv accused Moscow of committing war crimes in Ukraine.
The United States targeted Russian banks and elites with a new round of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as "major war crimes" by Russian forces in Ukraine.
Wedding guests should prepare for a few surprises at this year's post-pandemic U.S. nuptials as people discard their sweatpants for sheer layering and body-hugging dresses.
The Nasdaq slumped 2% on Wednesday as tech stocks extended their selloff for a second straight day on mounting concerns over aggressive actions by the Federal Reserve to fight inflation, with minutes from the central bank's March meeting on tap.
The Nasdaq slumped 2% on Wednesday as tech stocks extended their sell-off for a second straight day on mounting concerns over aggressive actions by the Federal Reserve to fight inflation, with minutes from the central bank's March meeting on tap.
Wall Street's main indexes fell on Wednesday, with steep declines in tech and other growth stocks, after minutes from the Federal Reserve's March meeting sharpened investors' focus on the U.S.
Russia edged closer to a potential default on its international debt on Wednesday as it paid dollar bondholders in roubles and said it would continue to do so as long as its foreign exchange reserves are blocked by sanctions.
European shares fell almost 2% on Wednesday, as investors grappled with the twin worries of aggressive U.S.
Gold prices dipped on Wednesday after the dollar and Treasury yields jumped to multi-year highs on hawkish comments from U.S.
Gold turned positive on Wednesday as risk-off sentiment gripped financial markets amid the possibility of more Western sanctions on Russia, although aggressive U.S.
Gold prices were subdued on Wednesday in choppy trade as a robust dollar and the prospect the Federal Reserve could raise interest rates aggressively kept non-yielding bullion near a one-week low.
Gold prices steadied on Wednesday with concerns over high inflation offsetting expectations of an aggressive interest rate hike by the U.S.
Gold prices seesawed in a narrow range on Wednesday with concerns over high inflation amid mounting sanctions on Russia buoying prices, although gains were curbed by expectations of an aggressive interest rate hike by the U.S.
Gold prices held steady after Wednesday's release of the minutes of the Federal Reserve meeting in March, as the metal's appeal as a safe haven and inflation hedge offset an expected 50 basis point rate hike by the U.S.
The race is on to declare a paradigm shift in the world economy toward higher inflation and interest rates and the jolt to public borrowing costs could compound the dizzying shocks that led to this.
U.S. stock buybacks appear to be hitting new records as companies head into quarterly earnings season, even as some investors worry about the growing threat of inflation, a potential recession and stagnant share prices.
Most of Australia's major banks now expect a rise in interest rates as early as June, though opinions on the pace of tightening and the peak point still vary widely.
Gold prices were flat on Wednesday as hawkish comments from U.S.
The Reserve Bank of India will delay its first interest rate rise by at least four months to August at the earliest, according to a Reuters poll of economists who said the central bank must now start worrying about inflation.
Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S.
Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S.
Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S.
