Latest News
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Copper’s slide from record reflects reality of weak demand, rising stocks, analysts say
A near 9-per-cent drop in copper prices in the last two days reflects a return to reality for a market whose recent surge to record highs had run ahead of fundamentals, analysts said – with…
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Gold Tailspins Amid Profit-taking, Fed Chair Announcement, PPI Release
Gold prices were in freefall on Friday as traders locked in profits from recent gains. In addition, the naming of the next candidate for U.S. Federal Reserve Chair and today’s producer price data pushed the…
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Calendar: Feb 1 – Feb 6
Sunday February 1 OPEC+ meeting Monday February 2 China, Japan and euro area PMIs S&P global manufacturing PMIs North American auto sales Earnings include: Walt Disney, Tyson Foods Tuesday February 3 10 am ET: U.S.…
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Canada’s GDP growth unexpectedly stalled in November, seen shrinking in fourth quarter
Canada’s economic growth stalled in November as an expansion in services was offset by weakness in goods-producing industries, data showed on Friday, as Canada’s economy slows down after almost a year of tariffs and trade…
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How does US tech stocks performance impact share price of SHOP.TO and KXS.TO
the performance of U.S. tech stocks does influence the share prices of Canadian tech names like Shopify Inc. Class A (SHOP.TO) and Kinaxis Inc. (KXS.TO), but the relationship isn’t mechanical — it’s driven by sentiment,…
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Imperial Oil raises quarterly dividend, reports Q4 profit down from year ago
Imperial Oil Ltd. raised its quarterly dividend by 20 per cent and reported its fourth-quarter profit fell compared with a year ago as it saw lower oil prices. The company says it will now pay…
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CN reports Q4 profit and revenue up from year ago, raises quarterly dividend
Canadian National Railway Co. raised its dividend as it reported its fourth-quarter profit and revenue rose compared with a year earlier. The railway says it will now pay a quarterly dividend of 91.5 cents per…
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Canada’s trade deficit widens in November on drop in gold, auto shipments
Canada’s trade deficit widened in November as gold shipments plunged and exports of automobiles and parts hit a three-year low. Goods exports declined 2.8 per cent while imports declined 0.1 per cent, Statistics Canada reported…
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Canadian Pacific Kansas City: Q4 Earnings Snapshot
Canadian Pacific Kansas City Limited (CP) on Wednesday reported fourth-quarter net income of $772.6 million. The Calgary, Alberta-based company said it had net income of 86 cents per share. Earnings, adjusted for non-recurring costs, were…
