Instant view: Fed holds interest rates steady, sets up for cuts
The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Global stocks gain, yields lower after Fed signals possible rate cuts
A gauge of global stock markets added to gains on Wednesday and benchmark U.S. Treasury yields and the U.S. dollar fell after the U.S. Federal Reserve...
Canada opens probe into 250,000 GM pickups, SUVs over brake performance
Transport Canada, the auto safety regulator, has opened a probe into braking issues in nearly 250,000 General Motors full-size pickups and SUVs after U.S. officials launched...
FOMC statement from June 18-19 meeting
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:
Powell: Some Fed officials believe the case for more accommodative policy has strengthened
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.
Canada Finance Minister says permitting work on Trans Mountain oil pipeline underway
Work to obtain building permits for the Trans Mountain oil pipeline started on Wednesday, Canadian Finance Minister Bill Morneau said, a day after the federal government...
Oil prices mostly steady despite U.S. crude stock draw
Oil futures were little changed on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a slump in equities.
Loonie rallies as hotter inflation clips rate cut bets
The Canadian dollar strengthened to a five-day high against its U.S. counterpart on Wednesday, as investors reduced bets on a Bank of Canada interest rate cut...
Wall St. pauses with Fed meeting in focus
Wall Street's main indexes were flat on Wednesday, as investors refrained from taking positions ahead of the Federal Reserve's policy statement that is expected to open...
Explainer: Will China dump U.S. bonds as a trade weapon? Not so fast
The trade war between Beijing and Washington has stoked concern in financial markets that China might opt to weaponize its holdings of more than $1.1 trillion...
U.S. trade chief says he can 'work out' Democrat concerns over North America pact
The top U.S. trade negotiator said on Wednesday he is ready to work with lawmakers "sooner rather than later" to address concerns over a new North...
Harley-Davidson strikes deal to build smaller bike in China
Harley-Davidson Inc will partner with China's Qianjiang Motorcycle Co to build a new smaller motorcycle than its trademark "big hogs", making good on promises to move...
U.S. trade chief expects to meet China's vice premier ahead of G20
The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20...
Deutsche Bank seeks to shed risky assets as part of overhaul: sources
Deutsche Bank is aiming to cut up to a quarter of its riskiest assets in the next few years, people familiar with the matter said, shedding...
Senior U.S.-Chinese trade negotiators to confer before Trump-Xi G20 meeting
The top U.S. trade negotiator said on Wednesday it is in the interests of China and the United States to have a successful trade pact and...