Financial Insights That Matter (Reuters) – Canada hopes hefty tariffs imposed by U.S. President Donald Trump will not take effect on Tuesday but the Canadian public expects the government to stand firm in a trade dispute with Washington, the Canadian ambassador told ABC News on Sunday. Canada on Saturday quickly announced tariffs on hundreds of […]
Financial Insights That Matter WASHINGTON (Reuters) – Canadian officials announced Sunday they will provide a mechanism for Canadian businesses to obtain relief from retaliatory tariffs set to take effect against the United States in the coming days. Under the so-called “remission process,” Canadian businesses could apply for tariff relief or refunds, provided they meet certain […]
Financial Insights That Matter (Bloomberg) — Canada braced for economic turmoil and laid out a retaliation plan after President Donald Trump signed an executive order imposing 25% tariffs on almost everything the US imports from the country, and 10% on energy. Most Read from Bloomberg Prime Minister Justin Trudeau, speaking from Parliament Hill on a […]
Financial Insights That Matter Image source: Getty Images Written by Brian Paradza, CFA at The Motley Fool Canada Now that 2025 is here, many investors are evaluating their portfolios, assessing whether expected returns could meet personal investment objectives. Amid rapid technological advancements and lingering economic uncertainties, a pressing question emerges: do decades-old Canadian financial stocks […]
Financial Insights That Matter TORONTO — Four of Canada’s biggest banks have left the UN-backed Net-Zero Banking Alliance that aims to accelerate climate action among financial institutions. Banks including BMO, National Bank, TD Bank Group and CIBC confirmed Friday they were no longer members. The withdrawals from the alliance follow on departures by the six […]
Financial Insights That Matter TORONTO, Jan. 30, 2025 /CNW/ – RBC Investor Services (RBCIS) reports a positive median return of 1.6% for its clients’ defined benefit (DB) pension plans over the fourth quarter of 2024 and closes the year with its strongest yearly median return in five years at 11.3% for the period ending December […]
Financial Insights That Matter (Reuters) -Royal Bank of Canada is exiting the global banking sector climate coalition, a spokesperson for the lender said on Friday, after a similar move by domestic banking peers. The Net-Zero Banking Alliance, a UN-sponsored initiative set up by former Bank of Canada Governor Mark Carney, was launched in 2021 to […]
Financial Insights That Matter Bank of Canada governor Tiff Macklem announces the interest rate cut on Jan. 29. FP Video interviews economists on where the central bank is headed next. (Credit: Justin Tang/The Canadian Press files) FP Video this week looks at Bank of Canada rate cuts, the impact of impending tariffs on markets, and […]
Financial Insights That Matter (Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg Canada is set to introduce escalating retaliatory counter-tariffs to try to turn Americans against President Donald Trump’s 25% levies on Canadian goods, a threat that’s causing the country to rethink its dependence […]
Financial Insights That Matter As a crucial moment for President Trump’s agenda approaches, markets are bracing for the potential fallout from tariffs. But the Trump administration may also be bracing for the potential fallout from the stock market — a favorite scoreboard of Trump’s — as it weighs its options. On a new episode of […]