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Today: March 19, 2025
Today: March 19, 2025
Fergal Smith

Fergal Smith

Staff Writer

Latest From Fergal Smith

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
Americas|Business|Economy|Finance|Stock Markets|US

Canadian investors eye utilities, real estate stocks as BoC cuts rates

Canadian utility and real estate stocks are likely to be among the biggest beneficiaries of the Bank of Canada's move to begin cutting interest rates, while the

Canadian investors eye utilities, real estate stocks as BoC cuts rates
Business|Economy|Finance

Canadian dollar weakens as greenback posts broad-based gains

The Canadian dollar weakened against its U.S. counterpart on Thursday as the greenback notched gains against a basket of major currencies and the Bank of Canada

Canadian dollar weakens as greenback posts broad-based gains
Business|Economy|Finance|News

Canadian factory PMI shows sector softening further in June

Canadian manufacturing activity deteriorated in June, extending a record-setting run of contraction for the sector, as new orders declined and firms cut jobs for

Canadian factory PMI shows sector softening further in June
Business|Economy|Finance|News

Canada's services PMI falls to three-month low in June

Canada's services economy moved back into contraction in June as a decline in new business weighed on the sector's performance even as inflation pressures cooled, S

Canada's services PMI falls to three-month low in June
Business|Economy|Finance

Bank of Canada pivots to boosting economic growth, raising rate cut bets

The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest

Bank of Canada pivots to boosting economic growth, raising rate cut bets
Americas|Environment|News|World

Fires in Canada's Jasper town coming under control, say authorities

Progress has been made suppressing fires in the Canadian tourist town of Jasper, with the remaining ones expected to be put out by the end of the day, authorities

Fires in Canada's Jasper town coming under control, say authorities
Business|Economy|Finance

Canadian factory PMI falls to seven-month low in July

Canadian manufacturing activity slowed to its weakest level this year in July as production and new orders fell at sharper rates, extending a record-setting run of

Canadian factory PMI falls to seven-month low in July
Business|Economy|Finance

Canada's services PMI shows sector contracting further in July

Canada's services economy deteriorated in July as activity and new business declined, while elevated wage costs contributed to increased inflation pressures, S&P

Canada's services PMI shows sector contracting further in July
Business|Finance|News|Stock Markets

Toronto market ends lower as rail stoppage threatens economy

Canada's main stock index pulled back from a record high on Thursday as Toronto-Dominion Bank reported its first loss in over two decades and a railroad stoppage

Toronto market ends lower as rail stoppage threatens economy
Business|Finance

TD's plan to pay money laundering fines clears path for new CEO

Canada's second-largest lender TD Bank's efforts to resolve gaps in its anti-money laundering (AML) controls by the end of the year will likely

TD's plan to pay money laundering fines clears path for new CEO
Americas|Business|Economy|Finance|Stock Markets

Toronto market falls for second day as investors book profits

Canada's main stock index extended its pullback from a record high on Wednesday, as profit-taking in most sectors of the market offset gains for financials after stronger-

Toronto market falls for second day as investors book profits
Business|Economy|Finance|News

Canadian factory PMI rises to five-month high in August

Canadian manufacturing activity moved closer to stabilization in August as production and new orders fell at slower rates, but a decline in employment underscored

Canadian factory PMI rises to five-month high in August
Business|Economy|Finance|US

Canadian dollar rally to resume in 2025 if global economy picks up: Reuters poll

The Canadian dollar is set to give back some of its recent gains over coming months but could make another move higher in 2025 if central bank easing cycles revive

Canadian dollar rally to resume in 2025 if global economy picks up: Reuters poll
Business|Economy|Finance

Canada's services PMI shows August activity down for third straight month

Canada's services economy contracted for a third straight month in August as firms employed less workers and wildfires contributed to a slowdown in new business, S&

Canada's services PMI shows August activity down for third straight month
Business|Economy|Finance|News

Canada September factory PMI shows first growth in 17 months

Canadian manufacturing activity strengthened for the first time in 17 months in September as market demand improved and lower borrowing costs bolstered confidence

Canada September factory PMI shows first growth in 17 months
Business|Economy|Finance|News|Stock Markets|US

Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll

The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic growth in Canada

Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll
Business|Economy|Finance|News|US

Canada's services PMI hits six-month low in September

The downturn in Canada's services economy deepened in September as firms shed jobs and new business dropped to a near four-year low, S&P Global Canada services PMI

Canada's services PMI hits six-month low in September
Business|Economy|Finance

Faster move to neutral rate could help Bank of Canada fend off below-target inflation

The Bank of Canada is likely to lower interest rates to a neutral setting that neither restricts nor stimulates its economy more quickly than the U.S.

Faster move to neutral rate could help Bank of Canada fend off below-target inflation
Business|Economy|Finance

Canada's Ontario province cuts deficit forecast, proposes tax rebates

The Canadian province of Ontario on Wednesday projected a narrower budget deficit for the current fiscal year and proposed providing rebates to taxpayers as its

Canada's Ontario province cuts deficit forecast, proposes tax rebates
Economy|Finance|US

Canadian dollar seen higher if economy rebounds: Reuters poll

The Canadian dollar is expected to rally against its U.S. counterpart in the coming year as lower borrowing costs boost the domestic economy but the result of the

Canadian dollar seen higher if economy rebounds: Reuters poll
Business|Economy|Finance

Canadian manufacturing PMI rises to 20-month high in October

Canadian manufacturing activity increased at a faster pace in October as production and employment picked up in anticipation of rising orders, data showed on Friday

Canadian manufacturing PMI rises to 20-month high in October
Business|Economy

Canada's services PMI shows return to growth in October

Canada's services economy expanded for the first time in five months in October as the amount of new business increased and confidence in the outlook improved, S&P

Canada's services PMI shows return to growth in October
Economy|Finance|Stock Markets

TSX extends record-setting run, led by tech and energy

Canada's main stock index rose on Wednesday, led by gains for energy and technology shares, as oil prices climbed and U.S. inflation data supported

TSX extends record-setting run, led by tech and energy
Americas|Business|Economy|Finance|Political

Canada's services PMI rises to 19-month high in November

Canada's services economy expanded for a second straight month in November as firms added staff, but incoming new work was subdued and the threat of U.S. tariffs

Canada's services PMI rises to 19-month high in November

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