As Canadians approach the April 28 election, economic concerns are at the forefront due to a snap election called by Prime Minister Mark Carney. Rising inflation and the U.S.'s protectionist stance under President Donald Trump have heightened fears about the impact on goods prices, job stability, and cross-border trade. While inflation is a key issue, the primary focus is on the ...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1538.80, down 0.06% ● Trump plans to implement lumber tariffs in spring ● Volpe warned North American auto industry could halt if Trump imposes 25% tariffs ● Cenovus Energy saw Q4 profit and revenue decline year-over-year ● Teck Resources reported Q4 profit with record copper produc...
The Bank of Canada announced a 50 basis points rate cut to 3.75%, marking the fourth consecutive rate cut since the first reduction in June. The significant 50 basis points reduction was primarily due to the unexpected slowdown in September's inflation data to 1.6%, reflecting the risks of an economic downturn in Canada. The Bank of Canada's goal is to maintain inflation around 2% and promote economic growt...
The Bank of Canada has consecutively lowered its interest rate by 25 basis points to 4.25% for the third month in a row, aligning with market expectations. This marks the third rate cut since the initial reduction in June, driven primarily by sluggish economic growth, a high unemployment rate, and easing inflationary pressures. Inflation levels and employment figures are the key data points closely monitored by the...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,337.30, up 0.04% ● Suncor seeks to secure a 'distinct' edge through the Trans Mountain pipeline ● Manulife financial edges up after hours as first-quarter core earnings rise 16% on business growth and high fee income ● Air Canada ranks near bottom on cus...
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● S&P/TSX 60 Index Standard Futures are trading at 1538.80, down 0.06%
● Trump plans to implement lumber tariffs in spring
● Volpe warned North American auto industry could halt if Trump imposes 25% tariffs
● Cenovus Energy saw Q4 profit and revenue decline year-over-year
● Teck Resources reported Q4 profit with record copper produc...
Inflation levels and employment figures are the key data points closely monitored by the...
● S&P/TSX 60 Index Standard Futures are trading at 1,337.30, up 0.04%
● Suncor seeks to secure a 'distinct' edge through the Trans Mountain pipeline
● Manulife financial edges up after hours as first-quarter core earnings rise 16% on business growth and high fee income
● Air Canada ranks near bottom on cus...
No comment yet