33 h. ago TSX rises, U.S. markets mixed after more tariffs take effect, BoC cuts rate

Canada’s main stock index rose Wednesday while U.S. markets were mixed, after 25% tariffs on U.S. imports of steel and aluminum officially kicked in and the Bank of Canada cut its key lending rate by a quarter-point to 2.75 per cent. The S&P/TSX composite index was up 175.14 points at 24,423.34. In New York, the […]

Economics

63 h. ago Trump announces severe retaliation in response to Ontario tariffs on electricity

U.S. President Donald Trump announced further tariffs on Canada on Tuesday, imposed in response to Ontario Premier Doug Ford's 25 per cent tariffs on electricity supplied to the States.Trump took to his Truth Social platform on Tuesday morning, announcing that tariffs on Canadian steel and aluminum products coming into the U.S. would be doubled from 25 per cent to 50 per cent in response to Doug Ford's retaliation to U.S. tariff threats.Trump stated that "Based on Ontario, Canada, placing a 25 per cent Tariff on 'Electricity' coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25 per cent Tariff, to 50 per cent, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD.""This will go into effect TOMORROW MORNING, March 12th. Also, Canada must immediately drop their Anti-American Farmer Tariff of 250 per cent to 390 per cent on various U.S. dairy products, which has l...

Economics

67 h. ago Canada Stocks on Track to Beat US for Longest Stretch Since 2022

There’s at least one area where Canada is more than holding its own as the trade spat with US President Donald Trump grows increasingly tense — the stock market.

Economics

7 d. ago Ways Canadians can be more financially savvy amid tariffs and economic uncertainty

The tariffs against Canada have plunged the country into economic uncertainty.U.S. President Donald Trump officially slapped 25 per cent tariffs on all products from Canada and Mexico, including the 10 per cent tariffs on energy, on Tuesday.Since then, stock markets in the U.S. and Canada have continued to fall as Canadian businesses brace for the impacts of the trade war.In a press conference Thursday morning in Ottawa, Prime Minister Justin Trudeau was candid about the current situation."I can confirm that we will continue to be in a trade war that was launched by the United States for the foreseeable future," he said.So, what does this mean for the finances of everyday Canadians?Natasha Macmillan, director of everyday banking at Ratehub.ca, shared advice on how Canadians can prepare for a potential economic fallout and strengthen their finances.Build your emergency fundShe says your main priority should be building up your emergency fund if you're wo...

Economics

9 d. ago Ontario to withhold critical mineral the U.S. needs to make batteries

Speaking on NBC's Meet the Press, Ontario Premier Doug Ford has stated his intention to disrupt the U.S. battery supply chain by stockpiling Canadian nickel.Canada has been working on establishing a world-class battery manufacturing pipeline as EV manufacturing becomes more prominent in the country, but now Ontario Premier Doug Ford is prepared to disrupt that."We'll respond strongly, and we don't want to. On the critical minerals, I will stop shipments going into the U.S. for nickel. It will shut down manufacturing," said Ford.In 2023, Canada produced 150,000 tons of nickel, placing the country among the top ten producers of the mineral. However, countries like Indonesia, the Philippines, and Russia outperformed Canada, according to Statistica.Canada still produces much more nickel than the U.S., and is America's largest nickel supplier, normally providing up to 40 percent of the total nickel used in the U.S., according to CRU mining. While nickel is growing in popularity due ...

Events

9 d. ago Stock markets already in freefall amid U.S. tariffs on Canada

Stock markets in the U.S. and Canada continue to fall as U.S. President Donald Trump followed through on threats to impose tariffs.On Sunday, U.S. President Donald Trump issued an executive order that lifted the 30-day pause on tariffs. U.S. Commerce Secretary Howard Lutnick said the U.S. will impose 25 per cent tariffs on Canada on Tuesday.The effect was felt instantly, sending ripples through North American stock markets on Monday.In Canada, BNN Bloomberg reports that the S&P/TSX Composite Index closed down 391.88 points, or 1.5 per cent. Barron's reports that the Dow fell by 780 points (or 1.8 per cent), the S&P 500 dropped by 2 per cent, and the Nasdaq Composite fell by 2.7.But there were steeper drops as stock markets opened on Tuesday morning.In Canada, the S&P/TSX Composite Index dropped 634 points or 2.54 per cent. The S&P 500 dropped 100.86 points, or 1.77 per cent. The Dow fell 755.31 points, or 1.75 per cent, while the Nasdaq Composite fell 271.46, or 1.42...

Economics

9 d. ago S&P/TSX composite drops nearly 500 points, U.S. stocks also fall as tariffs start

Canada’s main stock index fell nearly 500 points in early trading, while U.S. stock markets also tumbled, adding to their losses Monday after U.S. President Donald Trump confirmed tariffs on goods coming from Canada and Mexico.  The S&P/TSX composite index was down 568.31 points or 2.3 per cent at 24,433.260 Monday morning after the tariffs […]

Economics

9 d. ago Copper Miners Are Next Bet to Fuel Canada Stocks Outperformance

Investors in Canadian stocks have a new sector in mind that they hope will help insulate their portfolios from the risk of a trade war: copper miners.

Economics

1 week ago Trump tariffs spur big losses for S&P, Dow Jones as market worries grow

Trump’s announcement dashed hopes on Wall Street that he would choose a less painful path for global trade, and followed the latest warning signal on the U.S. economy’s strength.

Economics

1 week ago Toronto Exchange’s Mining Dominance Under Threat as Explorers Exit

Toronto’s claim as the world’s top mining hub is under threat as exploration companies leave Canada and listings dwindle on the nation’s resource-heavy stock exchange.

Other

2 w. ago Canada’s Allied Gold Seeks Listing on New York Stock Exchange

Canada’s Allied Gold Corp. has started a process to apply for a listing on the New York Stock Exchange, joining an industrywide migration to the world’s top bourse.

Economics

2 w. ago FT Portfolios Canada Co. Announces Cash Distributions for Its Exchange Traded Funds

TSX: FUD, FSL & ETP Cboe CA: FJFB & SDVD TORONTO, Feb. 21, 2025 (GLOBE NEWSWIRE) — FT Portfolios Canada Co. (“First Trust Canada”) is pleased to announce cash distributions for its Exchange Traded Funds (“First Trust ETFs”) listed on the Toronto Stock Exchange and Cboe Canada for the month ending February 28, 2025 The […]

Economics