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The Bank Of Canada's Hawkish Turn

At its April meeting, the Bank of Canada accelerated its tightening cycle, building on March’s 25-basis-point rate hike with a larger, 50bp increase to lift the overnight rate to 1%. ....

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Oil executives testify in "Gouged at the Gas Station" House hearing

Wednesday's hearing called executives from Exxon (XOM), Shell (SHEL), BP (BP), Chevron (CVX), Devon (DVN) and Pioneer (PXD) to testify on the topic of high US gasoline prices ....

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