Latest News
-
Bank of Canada holds key interest rate at 2.75%, cites ‘unusual uncertainty’
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 along. The decision on Wednesday was…
-
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 Smitham did not say…
-
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 60,000 rise in April.…
-
Calendar: June 2 – June 6
Monday June 2 China PMI Japan 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
https://www.cnbc.com/2025/05/29/blocked-trump-tariffs-trade-court-appeal.html
-
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 policy after the latest courtroom…
-
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 President Donald Trump. But an…
-
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 earned $4.39-billion, or $3.02…
-
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 earned $2-billion, or $2.04…