Low inflation problematic, but will not sway hawkish Bank of Canada
OTTAWA (Reuters) - Unexpectedly cool Canadian inflation data released on Friday make it hard for the Bank of Canada to justify hiking interest rates in the next month or two, but analysts expect policymakers to stay hawkish amid concern that rates have been low too long. Full Article
TSX buoyed as energy, miners shine but BlackBerry sinks on miss
TORONTO (Reuters) - Canada's main stock index rallied on Friday as index heavyweights like energy and mining shone, while BlackBerry Ltd shares suffered its biggest one-day drop in 2-1/2 years after disappointing first quarter sales. Full Article
Policy ponder: central banks head for the Portuguese hills
LONDON (Reuters) - The cool shade of the hills above Lisbon will offer leading central bankers an escape from the summer heat in the coming week, but there is little they can do to get away from their differing monetary policy conundrums. Full Article
DBRS downgrades Cenovus after ConocoPhillips deal
CALGARY, Alberta (Reuters) - Ratings agency DBRS on Friday downgraded Cenovus Energy Inc, saying the Canadian oil company's acquisition of ConocoPhillips assets in March negatively affects its credit and more than outweighs the benefits of the deal. Full Article
