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Today: March 18, 2025
Today: March 18, 2025
Fergal Smith

Fergal Smith

Staff Writer

Latest From Fergal Smith

Business|Economy|Finance|Stock Markets|US

TSX extends recovery as resource shares lead broad-based gains

Canada's main stock index rallied for a second straight day on Monday as some investors took the view that the recent selloff in the market was a buying opportunity, with

TSX extends recovery as resource shares lead broad-based gains
Americas|Business|Economy|US

Canadian home sales post biggest decline in nearly three years

Canadian home sales dropped in February by the most in nearly three years as an uncertain outlook for the economy due to the onset of a trade war kept buyers on the

Canadian home sales post biggest decline in nearly three years
Business|Economy|Finance|Political|Stock Markets

TSX falls to 4-month low as economic growth worries hit tech stocks

Canada's main stock index fell to a four-month low on Monday, including declines for technology and metal mining shares, as investors globally grew more worried that the

TSX falls to 4-month low as economic growth worries hit tech stocks
Americas|Business|Economy|Finance

Toronto home sales drop 28.5% in February as trade uncertainty hits sentiment

Greater Toronto Area home sales tumbled in February and home prices declined for a third straight month as an uncertain trade outlook weighed on the homebuyers'

Americas|Business|Economy|Political|US

Canada's services PMI falls to 5-month low on tariff concerns

The downturn in Canada's services economy deepened in February as firms avoided committing to new business in anticipation of a trade war, S&P Global's Canada

Canada's services PMI falls to 5-month low on tariff concerns
Americas|Business|Economy|Finance|Political

Canadian factory PMI tumbles as tariff uncertainty hits sentiment

Canadian manufacturing activity contracted for the first time in six months in February as an uncertain trade outlook led to firms turning the most pessimistic

Canadian factory PMI tumbles as tariff uncertainty hits sentiment
Americas|Business|Economy|Finance|Stock Markets

TSX hits near 6-week low as trade tensions rise

Canada's main stock index fell on Thursday to a near six-week low as escalating global trade tensions fueled risk-aversion and despite stronger-

TSX hits near 6-week low as trade tensions rise
Americas|Business|Economy|Finance|Political|Stock Markets

TSX rises for third day, led by tech and mining shares

Canada's main stock index rose on Wednesday as technology and metal mining shares notched gains, despite confusion around the timing of a deadline for U.S. tariffs on

TSX rises for third day, led by tech and mining shares
Business|Economy|Finance|Political|Stock Markets

Canada's TSX seen higher but trade uncertainty to limit gains: Reuters poll

Canada's main stock index is set to reach a new record high by the end of 2025, helped by lower borrowing costs, but an uncertain outlook for global trade could

Canada's TSX seen higher but trade uncertainty to limit gains: Reuters poll
Americas|Business|Economy|Finance|Political|Stock Markets|US

Canadian investors add gold, uranium stocks as trade war risk grows

As the threat of a trade war grows, Canadian investors are seeking protection in gold and in shares of companies producing goods with few substitutes, such as

Canadian investors add gold, uranium stocks as trade war risk grows
Americas|Business|Economy|Political|US

Canada's services PMI shows activity shrinking in January

Canada's services economy deteriorated for the second straight month in January as uncertainty generated by the threat of U.S. trade tariffs offset lower borrowing

Canada's services PMI shows activity shrinking in January
Americas|Business|Economy|Finance

Toronto home sales rebound 10% in January

Greater Toronto Area home sales rebounded in January as new listings climbed, while home prices were little changed after two straight months of increases, data

Toronto home sales rebound 10% in January
Americas|Business|Economy|Political|US

Canadian factory PMI dips in January as trade war risk dents confidence

Canadian manufacturing activity increased at a slower pace in January as looming U.S. trade tariffs reduced confidence in the outlook, even as moves by clients to

Canadian factory PMI dips in January as trade war risk dents confidence
Business|Economy|Election|Finance|Political|Stock Markets

Canada's looming election cheers equity investors hoping for increased returns

The Canadian stock market stands to benefit from the expected election this year of a Conservative government that favors business-friendly economic policies and

Canada's looming election cheers equity investors hoping for increased returns
Uncategorized

Canadian economy set to show marked slowdown in Q2, giving BoC cause to pause

– Canada’s second-quarter GDP report, due on Friday, is likely to show a sharp slowdown in economic growth, a Reuters poll of economists showed, which could lead the Bank of Canada to pause its interest rate hikes despite recent hotter inflation data. The GDP report will be the last major piece of domestic data before the Canadian central bank makes its next policy decision on Sept. 6. It is expected to show the economy growing at a 1.1% pace in the second quarter, down from 3.1% in the first three months of the year, and

Canadian economy set to show marked slowdown in Q2, giving BoC cause to pause
Business|Economy|Finance|News

Canada's capital gains tax rise will further knock productivity, say economists

Canada's plan to raise taxes on the savings of wealthy people and corporations is likely to hold back investment, potentially adding to the productivity malaise

Canada's capital gains tax rise will further knock productivity, say economists
Business|Economy|Finance|News

Canadian factory PMI falls in April as downturn hits one year

Canadian manufacturing activity slowed in April, extending a lengthy period of contraction for the sector, as output and new orders fell at an accelerated pace and

Canadian factory PMI falls in April as downturn hits one year
Business|Economy|Finance|News

Canada services PMI climbs to 10-month high in April

Canada's services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation pressures

Canada services PMI climbs to 10-month high in April
Business|Economy|Finance|Stock Markets

Weaker loonie may not deter Bank of Canada diverging from the Fed

The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency threatens to endanger

Weaker loonie may not deter Bank of Canada diverging from the Fed
Business|Economy|Finance|Stock Markets|World

Canada's TSX to extend record-setting rally as metal prices soar: Reuters poll

Canada's commodity-linked main stock index will take a breather for the rest of this year but is set to notch record highs as metal prices climb and expected lower

Canada's TSX to extend record-setting rally as metal prices soar: Reuters poll
Americas|Economy|Finance|Stock Markets

Canada, Mexico, Argentina halve trade settlement to one day

Canada, Mexico and Argentina on Monday started to settle securities trades faster, halving settlement time to one day, in a move designed to

Business|Economy|Finance

Canadian factory PMI slips to four-month low in May

Canadian manufacturing activity slowed in May, adding to a record-setting period of contraction for the sector, as output and new orders fell at a faster pace and

Canadian factory PMI slips to four-month low in May
Business|Economy|Finance

Canadian dollar outlook dims on expected interest rate divergence

The Canadian dollar is set to strengthen less than previously expected over the coming year if the Bank of Canada begins cutting interest rates ahead of the Federal

Canadian dollar outlook dims on expected interest rate divergence
Business|Economy|Finance|Stock Markets|US

Canada's stock market hails BoC rate cut, loonie dips

Canadian stocks and bonds rallied on Wednesday, while the loonie touched a near two-week low against its U.S. counterpart, after the Bank of Canada became the first

Canada's stock market hails BoC rate cut, loonie dips

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