A federal appeals court granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs. The administration had told the U.S. […]
Category: Uncategorized
Oil prices on track to decline for second week ahead of expected OPEC+ production increase
Oil prices were steady on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff […]
Canada’s first quarter GDP expands by 2.2% annualized rate, beating estimates
Canada’s economy in the first quarter grew faster than expected, data showed on Friday, primarily driven by exports as companies in the United States rushed to stockpile before tariffs by […]
RBC misses profit expectations in second quarter, braces for potential loan defaults
Royal Bank of Canada RY-T -3.47%decrease reported higher second-quarter profit that missed analysts’ estimates as the lender sets aside more money for potential loan defaults with trade concerns dragging on consumers and businesses.RBC […]
CIBC profit tops estimates on better-than-expected provisions for bad loans
Canadian Imperial Bank of Commerce CM-T -0.30%decrease reported higher second-quarter profit that beat analysts’ estimates as the lender set aside lower-than-expected provisions for loans that could default and stronger activity in capital markets.CIBC […]
OPEC+ discusses 2027 baselines, may agree to July output hike this week, sources say
OPEC+ is discussing a mechanism for setting baselines for its 2027 production at a meeting on Wednesday, delegates said, while separate talks due on Saturday could agree a further accelerated oil […]
National Bank reports higher than expected quarterly profit, ramps up loan loss provisions
National Bank of Canada NA-T +3.45%increase reported second-quarter profit that beat analysts’ estimates on a boost from capital markets even as the lender ramps up provisions for bad loans.National’s net income decreased by […]
Bank of Montreal beats estimates with higher quarterly profit, boosts dividend
Bank of Montreal BMO-T +2.06%increase reported higher second-quarter profit that beat analysts’ estimates even as the lender set aside more money for loans that could default as tariff tensions weigh on Canadian consumers […]
‘Buckle up, this ride’s far from over’: Trump’s EU tariffs delay is no guarantee trade tensions won’t escalate, market watchers say
U.S. President Donald Trump called last week for a 50% tariff on EU goods to begin on June 1, but has since delayed the roll out of the duties to […]