Latest News
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Gold extends gains on U.S. rate cut expectations
Gold prices rose for a third straight session on Monday after last week’s economic data fueled expectations of interest rate cuts by the U.S. Federal Reserve. Spot gold rose 0.2% to $3,371.85 per ounce as…
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OPEC+ agrees to raise oil production by almost 550,000 barrels a day for September
OPEC+ agreed on Sunday to raise oil production by 547,000 barrels a day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to…
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Bank of Canada holds key interest rate steady at 2.75% for third consecutive time
The Bank of Canada held its policy interest rate at 2.75 per cent for the third consecutive time as U.S. trade policy continues to muddy the economic outlook. The bank once again held off publishing a central…
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CPKC reports higher earnings, revenues for second quarter
Canadian Pacific Kansas City CP-T -0.16%decrease has reported an increase in profits and revenues during the second quarter. The continent-spanning railroad, headquartered in Calgary, posted net income of $1.23-billion for the three months ended June 30, up from…
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Air Canada sees decline in U.S.-bound seat sales amid tariff tension
Air Canada AC-T -10.62%decrease saw an 11-per-cent decline in U.S-bound seat sales in the second quarter amid trade and sovereignty tensions spurred by U.S. President Donald Trump. Canada’s largest airline posted a 2-per-cent per cent rise in overall operating…
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Celestica earnings blow past forecasts on AI demand
Celestica Inc. CLS-T +16.92%increase continued in the second quarter to benefit from surging demand from tech giants engaged in a global arms race to build giant artificial intelligence-driven data centres, surpassing heightened market expectations. The Toronto-based global manufacturing…
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George Weston Reports Strong Operating Performance Offset by Earnings Impact of Fair Value Adjustment Related to Choice Properties Unit Price Gain of 4.9%
https://www.newswire.ca/news-releases/george-weston-reports-strong-operating-performance-offset-by-earnings-impact-of-fair-value-adjustment-related-to-choice-properties-unit-price-gain-of-4-9–849698264.html
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CN Rail lowers earnings expectations, cuts outlook as trade volatility continues
Canadian National Railway Co. CNR-T +0.22%increase reported its net income inched up to $1.17-billion during its second quarter compared with last year, as it said the trade uncertainty is making it difficult for it to provide investors with…