The Bank of Canada held its key interest rate steady at 2.75 per cent for the second consecutive time, citing ongoing trade uncertainty and an economy that continues to chug […]
Author: Consultant
TOY.TO : Toronto-based toy maker Spin Master cuts jobs as it weathers tariff impacts
Toy maker Spin Master Corp. TOY-T says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business. In an e-mailed statement, spokeswoman Tammy […]
U.S. private payrolls growth comes in far below expectations in May
U.S. private payrolls increased far less than expected in May, the ADP National Employment Report showed on Wednesday.Private payrolls increased by only 37,000 jobs last month after a downwardly revised […]
Calendar: June 2 – June 6
Monday June 2China PMIJapan and Euro zone manufacturing PMI(9:30 a.m. ET) Canada’s S&P global manufacturing PMI for May.(9:45 a.m. ET) U.S. S&P global manufacturing PMI for May.(10 a.m. ET) U.S. […]
Trump tariffs reinstated by appeals court for now
A federal appeals court granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs. The administration had told the U.S. […]
Oil prices on track to decline for second week ahead of expected OPEC+ production increase
Oil prices were steady on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff […]
Canada’s first quarter GDP expands by 2.2% annualized rate, beating estimates
Canada’s economy in the first quarter grew faster than expected, data showed on Friday, primarily driven by exports as companies in the United States rushed to stockpile before tariffs by […]
RBC misses profit expectations in second quarter, braces for potential loan defaults
Royal Bank of Canada RY-T -3.47%decrease reported higher second-quarter profit that missed analysts’ estimates as the lender sets aside more money for potential loan defaults with trade concerns dragging on consumers and businesses.RBC […]
CIBC profit tops estimates on better-than-expected provisions for bad loans
Canadian Imperial Bank of Commerce CM-T -0.30%decrease reported higher second-quarter profit that beat analysts’ estimates as the lender set aside lower-than-expected provisions for loans that could default and stronger activity in capital markets.CIBC […]