Latest News
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Canada’s major stock index drops more companies than it adds in quarterly changes
S&P Dow Jones Indices announced late Friday that it is adding two stocks and deleting four from the S&P/TSX Composite Index, the broadest measure of the Canadian market. No changes are being made to the…
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U.S. producer prices unchanged in February; weekly unemployment claims fall
U.S. producer prices were unchanged in February for the first time in seven months, while fewer Americans filed claims for unemployment benefits last week, pointing to a stable economy that should allow the Federal Reserve…
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EU retaliates against Trump tariffs by targeting $28B of US goods, potentially including meats, tools
The European Union has announced retaliation plans in response to President Donald Trump’s 25% steel and aluminum tariffs. A European Commission press release declares that EU retaliatory actions could apply to American exports worth up to €26 billion. European…
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Canada announces $21B in new US tariffs as trade war escalates
Trump’s new 25% tariffs on Canadian steel and aluminum went into effect Wednesday Canada announced $21 billion in additional tariffs against the U.S. Wednesday after President Donald Trump’s new 25% tariffs on steel and aluminum went…
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Bank of Canada cuts interest rate by quarter-point to 2.75%
Bank of Canada’s March 12 interest rate announcement The Bank of Canada cut its policy interest rate by a quarter percentage point to 2.75 per cent and warned of an economic downturn amid a trade war with the…
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Chinese tariffs on canola products leave Canadian farmers caught between two trade fights
Just when canola farmer Roger Chevraux thought things were bad enough, they got worse. Since U.S. President Donald Trump’s inauguration in January, canola farmers and processors have faced the threat of 25-per-cent tariffs on $7.7-billion of exports to…
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Canadian dollar weakens ahead of expected interest rate cut
The Canadian dollar CADUSD +0.05%increase weakened against its U.S. counterpart on Monday as investors bet that the Bank of Canada would continue its easing campaign this week to support an economy threatened by U.S. trade tariffs. The loonie…
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S&P considers allowing companies to be included in both Canadian and U.S. stock indexes
The provider of Canada’s major stock indexes is considering a significant change that would allow some companies to appear in multiple countries’ indexes, paving the way for companies such as Brookfield Asset Management Ltd. BAM-T -3.08%decrease, Shopify…
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OPINION: Why CIBC (TSX:CM) Stock Fell Despite Beating Revenue Estimates
The Big Six banks all performed well during the last few weeks’ earnings reports. And Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) was one of them. However, despite beating analyst estimates, the stock continues to trade down since the…