Reuters

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Canada posts a budget deficit of C$26.14 billion over first nine months of 2025/26

OTTAWA, Feb 27 (Reuters) - Canada recorded a budget deficit of C$26.14 billion ($19.15 billion) for the first nine months of the 2025/26 fiscal year as government expenditures grew faster than revenues, the finance ministry said on Friday.

Feb 27, 2026 - 5:58 PM

IMF expects US economy to strengthen and create jobs, managing director tells Fox Business

WASHINGTON, Feb 27 (Reuters) - The International Monetary Fund expects the U.S. economy to strengthen this year, with unemployment hovering around 4% and "phenomenal growth of new companies" that will generate new jobs, Managing Director Kristalina Georgieva said in an interview on Fox Business on Friday.Reporting by Katharine Jackson and David Lawder; Editing by Daphne Psaledakis

Feb 27, 2026 - 10:18 AM

Gold's rise cheers Turks, takes shine off anti-inflation efforts

ANKARA, Feb 27 (Reuters) - Gold‑loving Turks grew $300 billion wealthier in the past year as record prices swelled the value of their holdings to nearly half the size of Turkey’s economy, but the resulting resilience in domestic demand has slowed the country's already difficult fight against inflation.With global bullion soaring to all-time highs since the summer, the total value of Turkey's gold stock, opens new tab has climbed to more than $750 billion, which is exceptionally high by global standards considering Turkey's GDP of about $1.57 trillion.

Feb 27, 2026 - 8:50 AM

Canada's Q4 GDP contracts on annualized basis, full-year growth at 1.7%

OTTAWA, Feb 27 (Reuters) - Canada's economy contracted in the fourth quarter, coming way below expectations, as manufacturers heavily dipped into their inventories to meet demand instead of producing fresh goods, data showed on Friday.Gross domestic product contracted at an annualized pace of 0.6% in the October-December quarter, Statistics Canada said, compared with a revised 2.4% increase in the prior quarter.This brings the country's overall growth in 2025 to 1.7%, the slowest pace of annual growth since the decline in 2020, StatsCan said.

Feb 27, 2026 - 8:42 AM

Mining

Ecuadorean lawmakers pass reform geared at driving mining investment

Ecuador’s National Assembly on Thursday approved reforms proposed by President Daniel Noboa aimed at boosting the nation’s mining sector, but that have been criticized by environmentalists and indigenous groups.The changes include modifications to environmental permitting processes, part of an effort to attract investment to an industry that has struggled to gain traction. The reforms passed with 77 votes in favor, 70 against and four abstentions.

Feb 26, 2026 - 4:20 PM

Odds of early Warsh-led Fed rate cuts slide with bullish outlook

WASHINGTON, Feb 26 (Reuters) - Federal Reserve chair nominee Kevin Warsh's path to out-of-the-gate interest rate cuts in alignment with President Donald Trump's expectations could be narrowing amid emerging bullishness about the U.S. economy, growing CEO confidence in the outlook, and investors keying off a hawkish shift among the central bank's policymakers.

Feb 26, 2026 - 4:05 PM

Fed's Goolsbee forecasts several more rate cuts this year, but not soon

Feb 26 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Thursday his forecast for several interest-rate cuts later this year makes him one of the more "optimistic" Fed policymakers, but said he wants the Fed to be "careful" in doing so because it could overheat the economy and inflation.

Feb 26, 2026 - 3:32 PM

Canadian dollar edges lower on flight to safety

TORONTO, Feb 26 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Thursday, as safe-haven demand for the greenback offset domestic data that showed a sharp narrowing in Canada's current account deficit.The loonie was trading 0.1% lower at 1.3685 per U.S. dollar, or 73.07 U.S. cents, after moving in a range of 1.3660 to 1.3712."The AI trade is out of fashion and we're seeing a flight to safety," said Adam Button, chief currency analyst at investingLive. "The U.S. dollar is strong across the board."

Feb 26, 2026 - 3:30 PM

Mining

Lynas posts best interim profit in three years, still misses estimates

Australia’s Lynas Rare Earths reported its best first-half profit in three years on Thursday, helped by higher sales volumes and elevated commodity prices.Beijing’s easing of export controls has helped unwind an earlier supply glut in China, pushing up the domestic benchmark price that underpins sales for much of Lynas’ output.The world’s largest rare earths producer outside China logged a net profit after tax of A$80.2 million ($57.13 million) for the six months ended December 31, far surpassing the A$5.9 million profit reported a year ago.

Feb 26, 2026 - 3:09 PM

Reuters

Latest

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Wall St opens lower as AI worries spook investors; Nasdaq eyes monthly drop

IMF expects US economy to strengthen and create jobs, managing director tells Fox Business

Gold's rise cheers Turks, takes shine off anti-inflation efforts

Canada's Q4 GDP contracts on annualized basis, full-year growth at 1.7%

Ecuadorean lawmakers pass reform geared at driving mining investment

Odds of early Warsh-led Fed rate cuts slide with bullish outlook

Fed's Goolsbee forecasts several more rate cuts this year, but not soon

Canadian dollar edges lower on flight to safety

Lynas posts best interim profit in three years, still misses estimates

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