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Chinese refiners are importing record amounts of Canadian crude oil after slashing their purchases of U.S. energy products by 90% amid an escalating trade war. America’s loss appears to be Canada’s gain as China sources more crude oil from Alberta’s oilsands region. Chinese crude imports from the Port of Vancouver soared to…
Credit card giant American Express (AXP) has reported strong financial results for this year’s first quarter as its largely affluent cardholders continue spending at a brisk pace. The New York City-based company reported earnings per share (EPS) of $3.64 U.S., which was ahead of the $3.47 U.S. expected on Wall Street. Profit was…
– BoC left rates unchanged, and Loonie rallied – Fed Chair Powell fears higher inflation. – US trading defensively in narrow ranges USDCAD: open 1.3892, overnight range 1.3855-1.3897, close 1.3858, WTI 63.16, Gold 3321.41 The Canadian dollar has had a topsy-turvy 24 hours and opened today about 100 bps higher than yesterday. That is because…
Energy stocks led Canada’s main stock index higher on Thursday, as investors took stock of U.S.-Japan trade negotiations, although sentiment remained fragile amid tariff uncertainties. The TSX Composite Index remained in the green 73.06 points to 24,179.85. The Canadian dollar dipped 0.02 cents to 72.13 cents U.S. Health-care stocks were…
The S&P 500 oscillated on Thursday, the last trading day of the week, as pressure on tech names persisted while UnitedHealth shares nosedived. The Dow Jones Industrials crumbled 408.76 points, or 1%, to register at noon hour at 39,260.63, driven by a 23% decline in UnitedHealth following an earnings miss. The much broader index forged…
Investors should pay close attention to next-generation intelligent software companies, like VERSES AI (CBOE: VERS) (OTCQB: VRSSF). With an application to uplist shares on the Nasdaq Capital Market, it’s also getting set to commercially launch its flagship Genius™ platform. “The private beta phase of Genius allowed us to validate its applicability across diverse…
Soma Gold Corp. (V.SOMA) hit a new 52-week high of $39.98 Thursday. Soma provided a corporate update on several initiatives currently underway. During the first quarter of 2025, Soma mined a total of 75,093 MT, of which 52% (38, 855 MT ) was ore and 48% (36, 238 MT ) was waste material,…
4/17/2025 – 3:51 PM EST – Exchange Income Corporation : Announced today that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended April 30, payable May 15, to shareholders of record at the close of business on April 30. Exchange Income Corporation shares T.EIF…
U.S. Monday Economic Lookahead U.S. leading economic indicators (March) Featured Earnings W. R. Berkley Corporation (NYSE:WRB) (Q1) EPS of $1.01, compared to $1.04 in the prior-year quarter. Medpace Holdings, Inc. (NASDAQ:MEDP) (Q1) EPS of $3.06, compared to $3.20 in the prior-year quarter. AGNC Investment Corp. (NASDAQ:AGNC) (Q1) EPS for 40 cents. compared to…
Stocks in Toronto left the bad times behind to begin a long Easter weekend, as strength in energy and telecoms trumped weakness in gold stocks. The TSX Composite Index remained in the green 86.02 points to 24,192.81. During a short week, the index jumped 605 points, or 2.57%. The Canadian dollar eked…
