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TSX Ends Weak For 3rd Straight Day

After opening on a positive note, the Canadian market slipped and stayed weak on Thursday amid concerns about global growth after central banks, including the Federal Reserve, raised policy rates sharply to combat inflation.
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Bank Of England Hikes Rate By 50 Bps; Sees Economy In Recession

Bank Of England Hikes Rate By 50 Bps; Sees Economy In Recession

The Bank of England raised the benchmark rate by a half percentage point on Thursday, defying expectations for a bigger move, as policymakers assessed that the UK economy has already landed in a recession. The Monetary Policy Committee decided to raise the bank rate by 50 basis points to 2.25 percent from 1.75 percent, in a three-way split vote.
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U.S. Leading Economic Index Extends Decline To Six Straight Months In August

U.S. Leading Economic Index Extends Decline To Six Straight Months In August

Potentially signaling a recession, the Conference Board released a report on Thursday showing its index of leading U.S. economic indicators declined for the sixth consecutive month in August. The Conference Board said its leading economic index fell by 0.3 percent in August after sliding by a revised 0.5 percent in July.
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Pound Retreats After BoE Rate Hike, Recession Warning

Pound Retreats After BoE Rate Hike, Recession Warning

The pound retreated from early highs against its most major counterparts in the European session on Thursday, after the Bank of England raised its key rate by 50 basis points, but predicted a recession in the third quarter of this year.
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U.S. Weekly Jobless Claims Inch Higher After Recent Downtrend

U.S. Weekly Jobless Claims Inch Higher After Recent Downtrend

After reporting modest decreases in first-time claims for U.S. unemployment benefits for five straight weeks, the Labor Department released a report on Thursday showing an uptick in jobless claims in the week ended September 17th.
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U.S. Weekly Jobless Claims Inch Up To 213,000

U.S. Weekly Jobless Claims Inch Up To 213,000

After reporting modest decreases in first-time claims for U.S. unemployment benefits for five straight weeks, the Labor Department released a report on Thursday showing an uptick in jobless claims in the week ended September 17th.
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Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note on Thursday, with investors continuing to assess the likely impact of the sharp interest rate hikes by the Fed, and the Bank of England, on global economic growth.
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U.S. District Court Rules In Favor Of Merck In Patent Infringement Suit Against Viatris

U.S. District Court Rules In Favor Of Merck In Patent Infringement Suit Against Viatris

Merck (MRK), known as MSD outside of the United States and Canada, announced Thursday that the U.S. District Court for the Northern District of West Virginia ruled in favor of the company in a patent infringement suit against Viatris, Inc. (VTRS) related to sitagliptin, an active ingredient in JANUVIA, JANUMET and JANUMET XR.
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