Economy Blog

Wall Street started a short week off with a bang, as U.S. stocks rose Tuesday on upbeat new home sales data and falling oil prices. Wednesday saw better-than-expected durable goods data, which kept the Dow slightly in the green. On Thursday, Wall Street continued its uptrend as oil prices fell once again and encouraging GDP data was released. The TSX was quiet Monday with Wall Street closed for Memorial Day, kept in positive territory by oil and gas stocks. However, on Tuesday, weak earnings releases from both BMO and Scotiabank brought the Canadian markets down. Energy stocks picked the TSX…
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