Financial Insights That Matter Jessica Murphy, Will Grant & Michael Race BBC News Getty Images Trump had threatened to impose major tariffs upon taking office Canada, Mexico and China have vowed to respond to sweeping new tariffs to their exports to the US announced by President Donald Trump. Trump said a levy of 25% on […]
Financial Insights That Matter TORONTO — Determining how Canadian a product is can be so much of a minefield that experts say anyone attempting to support homegrown options will need to do their research and prepare to make tough choices. Figuring out an item’s origins is complicated because there is a vast array of confusing […]
Financial Insights That Matter By Fergal Smith TORONTO (Reuters) – The Canadian dollar clawed back much of its decline against its U.S. counterpart on Monday as investors weighed the possibility of Canada achieving a reprieve from U.S. tariffs, with the currency rebounding from an earlier 22-year low. The loonie was trading 0.5% lower at 1.4590 […]
Financial Insights That Matter MONTREAL — National Bank of Canada says it has completed its acquisition of Canadian Western Bank. The Montreal-based bank says integration activities will now begin as it looks forward to onboarding CWB clients and employees in the coming months. National Bank chief executive Laurent Ferreira says the combined organization will provide […]
Financial Insights That Matter Scotiabank estimates the tariff on Canadian oil will work out to about US$5.60 per barrel. (GETTY) · chinaface via Getty Images Scotiabank Global Equity Research predicts U.S. President Donald Trump’s 10 per cent tariff on all energy imports from Canada effective Feb. 4 will be short-lived, as higher energy costs pinch […]
Financial Insights That Matter TORONTO — U.S. President Donald Trump has said he will impose a 25 per cent tariff on Canadian goods as early as Saturday. Here’s a look at some of the key questions as the clock ticks down. What is a tariff? Tariffs are a tax on imported goods. Like other taxes, […]
Financial Insights That Matter US stocks fell sharply on Monday, as Wall Street showed the effects of President Donald Trump’s announcement of tariffs on China, Mexico, and Canada. The tech-heavy Nasdaq Composite (^IXIC) fell more than 2%, while the S&P 500 (^GSPC) spiraled 1.6%. The Dow Jones Industrial Average (^DJI) tumbled 1.2%, or over 550 […]
Financial Insights That Matter National Bank welcomes two CWB nominees to its Board of Directors. Chris FowlerCWB’s President and CEO, announces his retirement. MONTREAL, Feb. 3, 2025 /CNW/ – As part of the previously announced closing of National Bank of Canada’s (“National Bank”) (TSX: NA) acquisition of Canadian Western Bank (“CWB”), National Bank announces the […]
Financial Insights That Matter /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ MONTREAL and EDMONTON, AB, Feb. 3, 2025 /CNW/ – National Bank of Canada (“National Bank”) (TSX: NA) today announced the completion of its previously announced acquisition of Canadian Western Bank (“CWB”). “Today is an exciting day […]
Financial Insights That Matter (Bloomberg) — Gold rose as traders weighed the potential implications of US tariffs as well as other policies from President Donald Trump. Most Read from Bloomberg Trump announced he would likely impose tariffs on Mexico and Canada early next month even as he held off from immediately hitting China with import […]