WASHINGTON (Reuters) – U.S. consumer spending increased solidly in November, pointing to moderate economic growth that could potentially support the Federal Reserve’s desire to keep interest rates unchanged indefinitely, though inflation remained muted. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month […]
NEW YORK (Reuters) – Gold pushed further past $2,000 an ounce on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on Wall Street rallied on encouraging corporate earnings. Oil prices rose to their highest since early March on a […]
There’s opportunity for Canada to help supply the world’s growing need for “energy transition metals” used in electric vehicle and power storage batteries but it faces stiff competition from other countries, especially China, observers say. Last month, the federal and Ontario governments announced they will each contribute $295 million to help Ford Canada produce electric […]
