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Advertisment Stocks slipped Tuesday after President Donald Trump’s shaky commentary on global trade deals, dashing hopes that progress will soon be made on the tariff front. Investors also awaited the Federal Reserve’s policy decision. The Dow Jones Industrials stumbled 389.83 points, or 1%, to 40,829 The S&P 500 index skidded 43.47 points…
– US/CAD bilateral trade negotiations are in the spotlight. – Hong Kong Monetary Authority says it is diversifying from US assets. – US dollar claws back some losses. USDCAD: open 1.3829, overnight range 1.3808-1.3845 close 1.3824, WTI 54.49, Gold 3312.08 The Canadian dollar remains range bound but with some selling pressure evident ahead of Prime…
Canada’s main stock index was flat in choppy trading on Tuesday, as U.S. President Donald Trump’s latest tariff plans dampened investor sentiment ahead of the Federal Reserve’s monetary policy decision meeting. The TSX Composite Index was up 28.53 points by noon Tuesday at 24,982.45. The Canadian dollar strengthened 0.25 cents at…
Probe Gold Inc. (T.PRB) hit a new 52-week high of $2.15 Tuesday. Probe announces that it has awarded the contract for the Environmental Impact Assessment/Statement for the Novador Project, to WSP Canada Inc. Aclara Resources Inc. (T.ARA) hit a new 52-week high of 80 cents Tuesday. No news stories today. Aris Mining Corporation…
– Opec says it will increase production by another 411k barrels/day in June. – China, and UK closed for holiday. – US dollar trading with a neutral bias in thin trading USDCAD: open 1.3788, overnight range 1.3787-1.3829 close 1.3820, WTI 54.49, Gold 3312.08 The Canadian dollar is trading slideway’s but with a slight bullish bias,…
Profit-taking seemed the order of the day Monday, after sharp gains to end last week on the TSX. Health-care and energy concerns appeared the biggest anchors. The TSX Composite Index lost 77.99 points by the end of Monday to 24,953.52. The Canadian dollar nosed up 0.06 cents at 72.40 cents U.S. Trump announced on Sunday…
Advertisment The S&P 500 fell Monday, ending a nine-day rally as investors monitored the latest developments on global trade. The Dow Jones Industrials slid 98.6 points to 41,218.83. The much broader index skidded 36.29 points, to 5,650.38, bringing to an end its longest winning streak since November 2004. The NASDAQ Composite faded…
The S&P 500 moved lower to start the week as investors monitored the latest developments on global trade, including another surprise set of tariffs from President Donald Trump. The Dow Jones Industrials pushed higher 65.63 points to 41,383.06. The much broader index skidded 19.29 points, to 5,667.38, putting the index in danger of ending its…
To save what he called “dying Hollywood,” U.S. President Donald Trump has announced a 100% tariff on movies produced outside of America. The Trump administration said that the new tariffs are meant to counter the incentives that other countries offer to lure filmmakers. “This is a concerted effort by other Nations and, therefore,…
Consumer electronics giant Apple (AAPL) has delivered strong first-quarter financial results that surpassed Wall Street’s expectations but warned of growing uncertainty caused by trade tariffs. The Silicon Valley-based company reported earnings per share (EPS) of $1.65 U.S., which came in ahead of the $1.63 U.S. consensus estimate of analysts. Revenue in the January…
