Latest News
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Gildan Activewear sees Q1 profit rise to US$84.7 million, net sales also up
Gildan Activewear Inc. saw its earnings rise to US$84.7 million in its latest quarter. The Montreal-based apparel maker, which keeps its book in U.S. dollars, says the first-quarter profit compared with net earnings of US$78.7…
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Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1
The Canadian economy shrunk in February, but economists say bad weather was likely the larger culprit than uncertainty related to the trade war with the U.S. Statistics Canada said Wednesday that real gross domestic product…
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OPEC+ to consider another accelerated oil output increase for June, sources say
Several OPEC+ members will suggest the group accelerates oil output hikes in June for a second consecutive month, three sources familiar with OPEC+ talks told Reuters, as a dispute worsens between members over compliance with…
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Economic Calendar: April 28 – May 2
Monday April 28 China industrial profits Germany retail sales (8:30 a.m. ET) Canadian wholesale trade for March. (10:30 a.m. ET) Bank of Canada’s Market Participants Survey for Q1. Also: Canadian federal election Earnings include: Domino’s…
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Agnico: Q1 Earnings Snapshot
Agnico Eagle Mines Ltd. (AEM) on Thursday reported first-quarter profit of $814.7 million. The Toronto-based company said it had net income of $1.62 per share. Earnings, adjusted for non-recurring gains, were $1.53 per share. The…
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Gold Pulls Back Sharply, Snaps Two-Week Winning Streak
| Published: 4/25/2025 2:30 PM ET | On the heels of the notable rebound seen in the previous session, gold futures showed a significant move back to the downside during trading on Friday. Gold for April delivery tumbled…
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Celestica: Q1 Earnings Snapshot
Celestica Inc. (CLS) on Thursday reported first-quarter net income of $86.2 million. On a per-share basis, the Toronto-based company said it had net income of 74 cents. Earnings, adjusted for stock option expense and non-recurring…
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European Central Bank cuts interest rates, warns of ‘deteriorated’ growth outlook on trade tensions
The European Central Bank made yet another 25-basis-point interest rate cut on Thursday as global tariff turmoil has created widespread uncertainty and spurred fears about the euro zone’s economic growth. A rate cut was fully…