Latest News
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Bank of Canada cuts rate to 2.25% and signals easing cycle may be over
The Bank of Canada cut its benchmark interest rate on Wednesday but signalled that it might be at the end of its easing cycle even as U.S. tariffs inflict significant and lasting damage on the Canadian economy. The bank’s…
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Celestica: Q3 Earnings Snapshot
Celestica Inc. (CLS) on Monday reported third-quarter earnings of $267.8 million. The Toronto-based company said it had profit of $2.31 per share. Earnings, adjusted for one-time gains and costs, were $1.58 per share. The results…
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Cameco shares soar after company and Brookfield sign $80-billion nuclear reactor deal with U.S.
Shares of Cameco Corp. CCO-T +21.85%increase rose more than 20 per cent after the company and Brookfield Asset Management Ltd. BAM-T +0.99%increase announced a partnership agreement with the U.S. government to help build nuclear reactors in the United States. Under the…
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Gold falls as potential U.S.-China trade deal dents safe-haven demand
Gold prices fell nearly 2% Monday, as hopes of easing U.S.-China trade tensions lifted risk appetite for equities, while investors awaited major central bank meetings this week for rate cut cues. Spot gold was down…
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Oil prices fall after U.S. and China reach trade deal framework
Oil prices fell on Monday, pressured by skepticism that a U.S. and Chinese trade deal framework would immediately boost oil demand and after Iraq’s oil minister confirmed an oilfield fire had not affected the OPEC member’s oil…
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U.S. Department of Energy forms $1 billion supercomputer and AI partnership with AMD
The U.S. has formed a $1 billion partnership with Advanced Micro Devices to construct two supercomputers that will tackle large scientific problems ranging from nuclear power to cancer treatments to national security, Energy Secretary Chris Wright and…
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Trump says it will be ‘a long time’ before he meets Carney
Donald Trump says he won’t be meeting Prime Minister Mark Carney for some time after a falling-out between the two countries over an Ontario government TV ad that criticized the U.S. President’s protectionist tariffs. Mr. Trump broke off trade talks…
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Bank of Canada expected to cut rates again as trade turbulence persists
The Bank of Canada is widely expected to cut interest rates again this week, with the fragile business climate and a new bout of trade uncertainty predicted to outweigh concerns about an uptick in inflation.…
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Cenovus further sweetens offer for MEG, wins Strathcona’s backing
Cenovus Energy CVE-T +0.50%increase on Monday further sweetened its bid for MEG Energy MEG-T +3.50%increase to $30 a share, winning long-sought backing from MEG’s largest shareholder, Strathcona Resources SCR-T +2.61%increase. Earlier this month, Cenovus had already raised its offer for MEG to about $29.80 per…