Canada's main stock index down nearly 100 points in late-morning trading
Canada's main stock index was down nearly 100 points in late-morning trading as the price of oil fell and the energy and base metal sectors pulled back.
The S&P/TSX composite index dropped 94.96 points to 20,084.85.
In New York, the Dow Jones industrial average was down 19.10 points at 33,741.95. The S&P 500 index was down 9.42 points at 4,270.73, while the Nasdaq composite decreased by 14.39 points to 13,032.80.
The Canadian dollar traded for 77.49 cents US compared with 78.23 cents US on Friday.
The September crude contract was down US$3.81 at US$88.28 per barrel and the September natural gas contract was down nine cents at US$8.68 per mmBTU.
The December gold contract was down US$21.50 at US$1,794.00 an ounce and the September copper contract was down seven cents at US$3.60 a pound.
If you live in an apartment, then you've more than likely felt the effects of the dramatically increased rental rates in Canada. Personal finance contributor Christopher Liew explores some of the key factors contributing to the increased rental prices in Canada, along with some of the things that Canadians are doing to cope with the current market.
About a quarter of Canadians are losing confidence in the stock market and are now looking to cash out their investments, a new survey has found.
Canada is headed for a 'severe' and 'almost inevitable' recession in early 2023, according to the head of economics at Macquarie Group, which states Canada will face an approximately three per cent contraction in gross domestic product and a five per cent rise in its unemployment rate during the predicted recession.
Financial TikTok – or FinTok – has become one of the most popular trends on the platform, and is emerging as a go-to resource for Gen Z and millennial audiences looking to learn how to invest, budget or even spend more wisely.
As the cost of living continues to rise and pay gaps persist, there is a growing desire for more open discussions around earnings, something experts argue could help ensure everyone is being compensated fairly.
When it comes to uncomfortable conversations, matters of inheritance may be near the top of the list. But as the cost of living rises and the generational wage gap grows wider, experts say it is now more important than ever to open up that dialogue.
Canadian employers are anticipating the highest salary increase in two decades as they try to balance inflationary pressures, surging interest rates, recession risks and a tight labour market, a new survey has found.
Along with a high inflation rate, Canadians are also contending with a loonie that's dropping in value. Personal finance columnist Christopher Liew explains the impact this will have on your personal finances, and tips to make your money go further.