Futures for Canada's main stock index dipped on Friday, tracking losses in bullion prices, while investors stayed on the sidelines ahead of key domestic jobs data for clues on the pace and path of future interest rate hikes.
Recession of some sort next year is fast becoming consensus - to such an extent that financial markets could find themselves whiplashed if it doesn't materialise.
China's central bank will focus on supporting the slowing economy, People's Bank of China Governor Yi Gang said on Friday, adding that domestic consumer inflation is likely to stay moderate in 2023.
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.
Prices for new homes in China fell for a fifth straight month in November, increasing the government's challenge in stabilising the property development industry, a private survey showed.
Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit from stimulus measures and the easing of COVID-19 restrictions.
(Reuters) -Royal Bank of Canada (RBC) and National Bank of Canada, two of the biggest banks in the country, posted a drop in profits as their market-focused businesses took a hit from the central bank's hawkish monetary tightening campaign.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
