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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 WednesdayCanada announced $21 billion in additional tariffs against the U.S. Wednesday after President Donald Trump’s new 25% tariffs on […] This post is only…
Bank of Canada cuts interest rate by quarter-point to 2.75%
Bank of Canada’s March 12 interest rate announcementThe 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 […] This post is only…
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 […] This post is only…
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 […] This post is only…
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 […] This post is only…
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 […] This post is only…
China hits Canada with new tariffs on agricultural, food products in response to EV levy
Piling pressure onto a Canadian economy already suffering disruption due to new U.S. tariffs and threats of an all-out trade war, China on Saturday imposed new levies against $3.7-billion worth […] This post is only…
Economic Calendar: Mar 10 – Mar 14
Monday March 10China CPI, PPI, aggregate yuan financing and new yuan loansJapan real cash earnings and bank lendingGermany industrial production and trade surplusEarnings include: Alaris Royalty Corp.; Franco-Nevada Corp.—Tuesday March […] This post is only…
Canadian Tire to spend $2 billion restructuring company and close 17 Atmosphere stores
TORONTO — Canadian Tire Corp. Ltd. is rolling out a new strategy that will see it invest $2 billion over four years to restructure the company for growth but will also […] This post is only…