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Canadian Market Ends Slightly Down
Despite spending much of the day's session in positive territory, the Canadian market ended slightly lower on Wednesday, extending its decline to a third straight day.
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vor 707 Tagen
Dollar Pares Losses, Climb Higher After Fed Policy Announcement
After languishing in negative territory till around mid afternoon, the U.S. dollar recovered well on Wednesday as the Federal Reserve left interest rates unchanged but projected a hike by the end of the year.
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vor 707 Tagen
Canadian Market Modestly Higher; Materials Shares Rise
The Canadian market is modestly higher Wednesday afternoon with stocks from healthcare and materials sectors moving up on strong buying support.
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vor 707 Tagen
Fed Leaves Interest Rates Unchanged But Forecasts Higher Rates For Longer
In a widely anticipated move, the Federal Reserve announced on Wednesday that it has decided to leave interest rates unchanged. The Fed said it decided to maintain the target range for the federal funds rate at 5.25 to 5.50 percent after raising rates by 25 basis points in July.
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vor 707 Tagen
Swiss Market Ends Notably Higher
The Switzerland market ended notably higher on Wednesday, with investors picking up stocks, shrugging off a government report that said the nation's economy will expand significantly below average in both 2023 and 2024.
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vor 707 Tagen
European Stocks Close On Firm Note On Encouraging Regional Economic Data
European stocks closed on a bright note on Wednesday, as investors reacted positively to UK inflation data and a report showing a sharp plunge in German producer prices, and looked ahead to the Federal Reserve's policy announcement later in the day.
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vor 707 Tagen
Australian Dollar Firms Against Most Majors
The Australian dollar strengthened against its most major counterparts in the New York session on Wednesday.
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vor 707 Tagen
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U.S. Dollar Falls Against Majors
The U.S. dollar dropped against its major counterparts in the New York session on Wednesday.
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vor 707 Tagen
Kraft Heinz Recalls Select Kraft Singles American Processed Cheese Slices
Kraft Heinz has recalled about 83,800 cases of individually-wrapped Kraft Singles American processed cheese slices for possible contamination with remnants of a thin strip of wrapping film. These were shipped to a limited number of customers.
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vor 707 Tagen
Euro Advances Amid Risk Appetite
The euro was higher against its major counterparts in the European session on Wednesday amid risk appetite, as investors awaited the Fed's summary of economic projections and the updated quarterly rate projections — known as the dot plot —at the conclusion of a two-day policy meeting later in the day.
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vor 707 Tagen
Abbott Inks Deal With MAbxience To Commercialize Biosimilar Molecules In Emerging Markets
Abbott Laboratories (ABT) announced Wednesday an agreement with Spain-based global biotech firm mAbxience Holdings S.L. to commercialize several biosimilars focusing on oncology, women's health and respiratory diseases in emerging markets.
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vor 707 Tagen
Eli Lilly Sues Clinics Over Unauthorized Mounjaro Drug Sale
Eli Lilly has filed lawsuits against several medical spas, wellness centers and compounding pharmacies for unauthorized sale of diabetes drug Mounjaro (tirzepatide). These clinics allegedly use the drug for weight loss treatment. Mounjaro, approved for type 2 diabetes, is only available from and manufactured by Lilly. They are commercially available in a pre-filled single-dose pen only.
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vor 707 Tagen
Bay Street Likely To Open Slightly Up; Fed Policy In Focus
Slightly higher Canadian and U.S. futures, and higher silver and copper prices point to a positive start for the Canadian market on Wednesday.
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vor 707 Tagen
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