Latest News
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Calendar: Nov 3 – Nov 7
* Note: Several additional U.S. data reports could be be released if the government shutdown is resolved. Earnings dates are subject to change Monday November 3 Manufacturing PMIs released in China and Europe 930 am…
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Natural Gas Price forecast for winter 2025/2026 (ChatGPT)
Here’s a tight, sourced outlook for winter 2025/26 U.S. natural gas (Henry Hub) with what’s priced in now and the main swing risks. What’s priced in today (futures strip) As of today’s quotes, the CME…
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Who is LYING?
Carney says he advised Ford not to run anti-tariff ad Prime Minister Mark Carney said he advised Ontario Premier Doug Ford not to run a TV ad critical of Donald Trump’s tariffs that resulted in the U.S.…
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Magna International reports US$305M Q3 profit, sales up from year ago
Magna International Inc. reported US$305 million in net income attributable to the company, down from US$484 million in the same quarter last year. The auto parts company, which keeps its books in U.S. dollars, says…
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IMO: Imperial Oil profit falls on impairment charge, lower crude prices
Canadian oil producer Imperial Oil IMO-T -2.24%decrease posted a sharp fall in third-quarter profit on Friday, hurt by non-cash impairment and restructuring charges and lower crude prices. In September, Imperial said it would cut its work force by about…
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Magna raises annual sales forecast on demand for vehicle assembly, safety tech
Magna International MG-T +3.54%increase raised its annual sales forecast on Friday, as the Canadian auto parts supplier leans on demand for its vehicle assembly business and safety systems. The results follow peers Aptiv APTV-N -0.52%decrease and BorgWarner BWA-N -3.74%decrease warning of production snarls from…
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Cenovus profit rises as record output, refinery strength offset weak oil prices
Cenovus Energy CVE-T +0.68%increase posted a rise in third-quarter profit on Friday, driven by record oil sands production and near-full refinery utilization that helped offset weaker crude prices. U.S.-listed shares of the Canadian oil and gas producer rose 1.5…
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CNR slashes spending, jobs as tariffs bite
Canadian National Railway Co. CNR-T +3.17%increase is slashing its capital spending and laying off managers as the tariff war crimps freights shipments between Canada and the United States. The cuts will help it weather a “challenging” economy buffeted…
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Canada’s GDP contracts in August, might still avoid a third-quarter recession
Canada’s gross domestic product contracted in August against widespread expectations of no growth, data showed on Friday, but an advanced estimate pointed out the economy might escape a recession in the third quarter. The economy…