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U.S. electricity generation from natural gas was highest on record this past winter
According to our Short-Term Energy Outlook (STEO), U.S. electricity generation from natural gas reached a record-high 619 billion kilowatthours (BkWh) during the most recent winter heating season (November 1–March 31), averaging more than 120 BkWh per month and accounting for 38% of the country’s electricity generation mix. Electricity generation from natural gas increased in the United States this past winter due to increased demand for electricity and continued reductions in electricity generation from coal. U.S. electricity generation from natural gas peaks in the summer when demand for electricity is ... (full story)
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Labour productivity of Canadian businesses fell 0.6% in the first quarter, a similar decrease to that recorded in the previous quarter (-0.5%) and the fourth consecutive quarterly ...
Canada's merchandise exports increased 2.5% in April, while imports edged down 0.2%. As a result, Canada's merchandise trade surplus with the world widened from $231 million in ...
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $74.6 billion in April, up $14.0 billion from $60.6 billion ...
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Historically, hurricanes have had the potential to wreak havoc on gas prices in the U.S., shutting down refineries or limiting the flow of fuel supply. A major hurricane in one ...
The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening. Globally, consumer price inflation is coming down, largely reflecting lower energy prices compared to a year ago, but underlying inflation remains stubbornly high. While economic growth around the world is softening in the face of higher interest rates, major central banks are signalling that interest rates may have to rise further to restore price stability. In the United States, the economy is slowing, although consumer spending remains surprisingly resilient and the labour market is still tight. Economic growth has essentially stalled in Europe but upward pressure on core prices is persisting. Growth in China is expected to slow after surging in the first quarter. Financial conditions have tightened back to those seen before the bank failures in the United States and Switzerland. Canada’s economy was stronger than expected in the first quarter of 2023, with GDP growth of 3.1%. Consumption growth was surprisingly strong and broad-based, even after accounting for the boost from population gains. Demand for services continued to rebound. In addition, spending on interest-sensitive goods increased and, more recently, housing market activity has picked up. The labour market remains tight: higher immigration and participation rates are expanding the supply of workers but new workers have been quickly hired, reflecting continued strong demand for labour. Overall, excess demand in the economy looks to be more persistent than anticipated. CPI inflation ticked up in April to 4.4%, the first increase in 10 months, with prices for a broad range of goods and services coming in higher than expected. Goods price inflation increased, despite lower energy costs. Services price inflation remained elevated, reflecting strong demand and a tight labour market. The Bank continues to expect C post at 10:00am: BoC statement changes https://t.co/xEvK0UPr7R post at 10:02am: BOC STATEMENT REMOVES APRIL LANGUAGE ABOUT HOW BANK IS PREPARED TO RAISE RATES FURTHER IF NEEDED. post at 10:03am: BOC: UNDERLYING INFLATION REMAINS STUBBORNLY HIGH GLOBALLY, MAJOR CENTRAL BANKS ARE SIGNALING THAT RATES MIGHT HAVE TO RISE FURTHER TO RESTORE PRICE STABILITY. post at 10:04am: BoC: Stronger GDP, CPI Uptick Cited As Reasons For Rate Hike - Concerns Have Increased That Inflation May Get Stuck Above 2% - To Assess Incoming Data, BoC Is ‘Resolute On Curbing Inflation’ - Excess Demand Looks ‘More Persistent’ Than Expected $USDCAD
Britain’s advertising regulator has banned an ad campaign promoting the green initiatives of Shell, saying the marketing of the oil giant’s lower emissions energy products was ...
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- Posted: Jun 7, 2023 8:44am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 233