5 d. ago Stock markets fall around the world as Trump’s global tariffs hit

Although Trump's latest tariffs include a massive 104 per cent levy on U.S. imports of Chinese products, markets in China reversed early losses, gaining ground on Wednesday.

Economics

5 d. ago Markets fall for fourth day in reversal of earlier rally amid ongoing tariff fears

TORONTO — North American markets careened to a fourth day of losses in a dramatic turnaround from the rally that started the day as concerns over tariffs continued to mount. “The rollercoaster continues, and really driven by the headlines once again,” said Angelo Kourkafas, senior investment strategist at Edward Jones. Markets have been falling since […]

Economics

6 d. ago Bruising spring for Canadian frackers caught up in Ottawa’s counter tariffs and market meltdown

Oilfield firms are now waiting to see if producers will slash summer and fall drilling campaigns in response to deteriorating market conditions

Economics

7 d. ago BAD MEDICINE: Trump’s tariffs wipe out $7 trillion as he watches golf

WATCH as Postmedia political columnist Lorne Gunter says Donald Trump’s tariff have now wiped out $7 trillion and has the stock market in a continual free fall with people, small businesses and large corporations losing everything. And while the world’s economy burns, Trump fiddles about watching the LIV Golf tournament at the Trump National Doral G.C. over […]

Economics

7 d. ago Wall Street could be headed for a bear market. Here’s what that means

NEW YORK (AP) — Wall Street could soon be in the claws of another bear market as the Trump administration’s tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. The last bear market happened in 2022, but this decline feels more like the sudden, […]

Other

7 d. ago Bitcoin and other cryptocurrencies see prices fall amid global market turmoil

After holding relatively stable during last week’s global market turmoil, cryptocurrencies have joined the sell-off. Bitcoin, the world’s most popular cryptocurrency dipped below $75,000 Monday morning before seeing a slight rebound. Bitcoin’s prices haven’t been this low since just after President Donald Trump’s Election Day victory last year launched a bull run in crypto prices. […]

Economics

1 week ago Steep drop in global crude prices drag down Canadian energy stocks

CALGARY — Fears of a tariff-driven recession have led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector’s outlook should the weakness persist. West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel on Friday, recovering some ground by […]

Economics

1 week ago Billionaires see biggest wealth loss since COVID from Trump tariffs

The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin. The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s 13-year history, and the largest since the height of the COVID-19 pandemic. More than half […]

Economics

1 week ago Canada’s oilpatch executives replace tariff anxiety with fear of slowdown in energy demand

Crude prices plunge Thursday amid mounting concern about a broader slowdown in consumption

Economics

2 w. ago White House says ‘no exemptions’ as Canada braces for new wave of U.S. tariffs

WASHINGTON — White House Press Secretary Karoline Leavitt said Monday there will be “no exemptions” to U.S. President Donald Trump’s latest moves to upend global trade this week and it remains unclear just what duties will fall on Canada. Global markets have been rattled by confusion over how Trump will pursue his global trade agenda. […]

Economics

2 w. ago US Stocks Swoon as Trump Sows Economic Fear Across Wall Street

The US stock market rout intensified on Monday on fears that President Donald Trump’s next tariff rollout will deliver a shock to the global economy, with rising recession concerns leaving the S&P 500 Index on track for its worst quarter compared to the rest of the world since the 1980s.

Economics

2 w. ago Car Buyers Who Fear Tariff Price Hikes Are Swarming Dealerships

Car shoppers are descending on showrooms. Automakers are speeding up shipments of new vehicles. Dealers are huddling with their rivals to exchange ideas on how best to cope.

Economics

2 w. ago Market Rout Starts With Big Tech as Tariff, Inflation Fears Hit

US stocks buckled again Friday as risk assets were pummeled by everything from renewed tariff concerns to signs that inflation remains sticky while consumer spending wobbles.

Economics

2 w. ago Trump’s auto tariffs hit stock market as GM, Ford fall while Tesla rises

General Motors sank 6.8 per cent for one of the market's sharper losses after Trump announced 25 per cent tariffs on imported cars. Ford Motor dropped 2.2 per cent.

Economics

2 w. ago Trump auto tariffs announcement causes global markets to fall

In pre-market trading early Thursday, U.S. automaker General Motors Co.'s shares sank 6.5 per cent, while Ford Motor Co. lost 3 per cent.

Economics

2 w. ago S&P/TSX composite down as tech and base metal stocks fall, U.S. stocks also lower

TORONTO — Canada’s main stock index moved lower on Wednesday, weighed down by losses in the technology and base metal sectors, while U.S. stocks also dropped. The “sobering” day for the market was led by a fall of AI stocks, and reflects a volatile cycle that will likely last through the year, said Stephen Duench, […]

Economics

2 w. ago Batten down the hatches? Canadians cut spending amid tariff fears

Wary of economic hardships, Canadians are becoming more cautious with spending and planning savings, the Bank of Canada noted in its summary of deliberations on Wednesday.

Economics

3 w. ago Copper Markets in Asia Tighten Up as Tariff Fears Spur Turmoil

The copper market in Asia is tightening up, adding to signs of worldwide dislocation, as prices rally hard on speculation that the Trump administration will impose import tariffs on the key metal.

Economics

3 w. ago European Stocks Edge Higher With Focus on Fed’s Rate Decision

European stocks gained for a fourth straight day as investors weighed progress on a potential ceasefire in Ukraine. Their focus will turn to the Federal Reserve’s interest-rate decision later today.

Economics