WTI crude oil futures closed up $1.27, or more than 1.81%, to $71.29/barrel, approaching the closing price of $71.96 on November 7, with a cumulative increase of more than 6.08% this week.Canadian Finance Minister: If the United States imposes unreasonable tariffs, Canada will respond strongly.Canada encourages the pension fund industry to invest in the local market. Canada has announced a plan to encourage the pension fund industry to invest in the local market. It will lift the 30% restriction on pension funds investing in Canadian local entities, and will add a venture capital plan of 1 billion Canadian dollars, hoping to attract pension funds. It will also invest up to 1 billion Canadian dollars in companies with medium growth rate.
Brent crude oil futures closed up $1.08, or 1.47%, at $74.49/barrel.The relative cost of living in new york has dropped to the lowest level since at least 2008. According to the new data released by the Bureau of Economic Analysis this week, the cost of living in new york metropolitan area in 2023 is 12.5% higher than the national average. This is the lowest level since the bureau began to release relevant data at least in 2008. From 2008 to 2022, the relative cost of living in new york is 13% to 15.5% higher than the average level in the United States.Spot gold fell more than 1.00% in the day and is now reported at $2,652.65 per ounce.
Fitch: (Talking about American residential builders) It is estimated that the residential inventory will improve slightly in 2025, but it will remain at a low level, and it will vary from region to region.Standard & Poor's: Cyprus is upgraded to A-, and the outlook is stable. The economic and financial situation (in the euro zone) performed well, so the rating was upgraded.Spot gold fell more than 1.00% in the day and is now reported at $2,652.65 per ounce.