Trump blockade, Macklem comments send Canada bonds tumbling
Canadian bonds fell sharply after Bank of Canada Governor Macklem hinted at consecutive rate hikes if oil prices fuel inflation, compounded by Trump's Iran blockade.
Canadian bonds fell sharply after Bank of Canada Governor Macklem hinted at consecutive rate hikes if oil prices fuel inflation, compounded by Trump's Iran blockade.
Oil prices eased from recent highs on Thursday, while stock markets rose modestly as Big Tech earnings delivered mixed results. Investors weigh geopolitical tensions and economic data.
Bank of Canada's hawkish stance may spur homebuyers to act now. Governor Macklem warns of possible rate hikes if energy prices stay high. Royal LePage advises locking in rates.
OR Royalties Inc. updates on key assets including Island Gold, Dalgaranga, Glenburgh, and Eagle, plus strategic sale of Osisko Metals position for $34.8M.
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RecommendedBank of Canada holds rate at 2.25% amid oil spike; GM invests $691M in Ontario; top regulator warns on AI risks; illusion of diversification exposed.
Ford Motor Co. raised its annual guidance by $500 million after a US Supreme Court ruling provided $1.3 billion in tariff refunds, but faces rising aluminum costs due to supplier fires.
Economists warn Bank of Canada may hike rates sooner due to hawkish tone and oil prices. Growth outlook revised up, but oil at $100 could trigger tightening.
The Bank of Canada maintains its key interest rate at 2.25%, citing volatility from Middle East conflict and U.S. trade policy, with GDP growth forecast at 1.2% for 2026.
The Bank of Canada left its key interest rate unchanged at 2.25% for the fourth consecutive meeting, signaling a pause in monetary policy adjustments.
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RecommendedVisa shares rose after reporting higher quarterly profit and raising its full-year forecast, easing investor concerns about Middle East tensions.
TD Cowen analyst sees 17% upside for Bombardier stock after a 15% slump, citing strong fundamentals and potential positive earnings reaction.
Ottawa plans to grow its new sovereign wealth fund through retail investor participation and reallocating money from federal assets like airports.
Canadian stocks fell sharply while U.S. markets showed mixed results. Key stories include a Shell-ARC deal, wildfire season, and political updates.
Luther Davis, a former Alabama football player, pleaded guilty to defrauding investors by impersonating NFL players using wigs and disguises.
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RecommendedSaskatchewan RCMP have charged a 33-year-old Wilkie man with copper theft from a grain elevator and drug trafficking. The investigation led to the seizure of drugs, cash, and stolen copper.
Former Alabama defensive tackle Luther Davis pleaded guilty to defrauding investors of nearly $20 million by impersonating NFL players with disguises on video calls.
Ontario Provincial Police stopped a speeding vehicle on Highway 17, leading to impaired driving and liquor-related charges against the driver.
U.S. stocks showed mixed results early Monday as investors awaited key tech earnings and Iran nuclear negotiations remained deadlocked.
Economists predict the Bank of Canada will hold its key interest rate steady amid economic uncertainty and inflation concerns.
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RecommendedWinnipeg police arrested two men for drug trafficking after community reports. The suspects face charges including possession for trafficking.
Ontario's financial regulator fined 'Harold the Jewellery Buyer' and his wife $210,000 for an alleged mortgage scheme involving deceptive practices.
Rogers Communications shares rebound from 'excessive' negative sentiment as TD Cowen analyst hikes price target, citing sports assets and wireless stabilization.
Wall Street trading mixed in premarket as oil prices decline after Trump extends shipping waivers. Markets react to geopolitical tensions and economic data.
Fixed mortgage rates below 4% are gone nationally, with only a few regional lenders left in the high threes. Variable rates remain below 4% but face inflation risks.
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RecommendedCanada Revenue Agency confirms that precious metals stored abroad must be reported on Form T1135 if cost exceeds $100,000, with penalties for non-compliance.
Commerce Secretary Lutnick revealed that only one applicant has been approved for Trump's $1 million Gold Card visa, with hundreds more under review.
Canadian stocks edged higher while U.S. markets showed mixed results. Lululemon shares dropped after hiring Nike executive as CEO. Teck Resources profit doubled. Other news includes bear attack in Poland, warplane collision, and more.
The winner of the $80 million Lotto Max jackpot, whose ticket was sold in London, Ontario, has come forward to claim the prize after weeks of anticipation.
American Express exceeded profit expectations in Q1 2026, driven by a surge in card spending that reached a three-year high, signaling strong consumer demand.
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RecommendedA Montreal resident, Stéphanie Adam, came close to discarding a lottery ticket that turned out to be a $100,000 gold bar prize. The incident highlights the importance of checking tickets carefully, as Loto-Quebec confirms the win.