Energy & Commodities

Oil Hits 2019 High On Iran Sanctions

Posted by Tom Kool

on Tuesday, 23 April 2019 14:03

Oil prices shot up to new highs for the year on this week after the U.S. announced that it would let waivers on Iran sanctions fully expire. In early trading on Tuesday, WTI topped $66 per barrel and Brent moved above $74.

Oil surges on U.S. decision on Iran sanctions. Trump surprised the oil market on Monday, announcing that he would let U.S. sanctions waivers expire…Click here for full article.

Sila Nano’s battery tech is now worth over $1 billion with Daimler partnership and $170 million investment

Posted by Jonathan Shieber

on Thursday, 18 April 2019 14:24

Sila Nanotechnologies and its battery materials manufacturing technology are now worth more than $1 billion.

The company, which announced a $170 million funding led by Daimler and a partnership with the famed German automaker, started building out its first production lines for its battery materials last year. That first line is capable of producing the material to supply the equivalent of 50 megawatts of lithium-ion batteries, according to Sila Nano’s chief executive officer Gene Berdichevsky.

That construction, made on the heels of a $70 million…Click here for full article.

TSX hits all-time high on lift from health care, financials and industrials sectors

Posted by The Canadian Press

on Thursday, 18 April 2019 12:42

Canada’s main stock index hit an all-time high on strength in the health-care sector, which includes many of the country’s big cannabis companies, as well as gains in the financial and industrial sectors.

The S&P/TSX composite index was up…Click here for full article.

Stephen Poloz’s dashboard: The latest charts that matter most to the Bank of Canada

Posted by Kevin Carmichael and Gigi Suhanic, The Financial Post

on Wednesday, 17 April 2019 13:32

When Statistics Canada publishes the Labour Force Survey early each month, the number that makes the headlines is the net change in employment, or maybe the jobless rate.

Stephen Poloz, the Bank of Canada governor, probably only glances at those figures. He’s interested in more granular elements of the report. For example, as an audience in Moncton heard on Sept. 27, the youth participation rate is an indicator he watches “particularly closely.” You never see…Click here for full article.

Mortgage stress test accounts for up to $15B drop in new mortgages in 2018: CIBC

Posted by Aleksandra Sagan, The Canadian Press

on Tuesday, 16 April 2019 11:35

Ottawa’s new mortgage stress tests accounted for at least half of the decline in new mortgages started last year, according to a new report by CIBC that calls for the measure to be revisited amid a falling housing market.

The total value of new mortgages fell by…Click here for full article.