Bay Street Likely To Open On Negative Note On Tariff Concerns

RTTNews | 214 dias atrás

(RTTNews) - Canadian shares look headed for a weak start Friday morning as tariff concerns resurfaced after U.S. President Donald Trump threatened 50% tariffs on EU goods from June 1. Weak oil prices could hurt energy stocks and add to market's downside.

Vermilion Energy (VET.TO) has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for cash proceeds of C$415 million. Net proceeds from the transaction will be directed towards debt repayment. The company expects to exit 2025 with net debt of C$1.5 billion, with a trailing net debt to FFO ratio of 1.4 times.

The Canadian market ended marginally up on Thursday, gaining some ground in afternoon trades as U.S. treasury yields gave back ground after recently surging due in part to concerns about the fiscal impact of a Republican tax cut bill.

The benchmark S&P/TSX Composite Index pulled back well off its highs of the session, ending the day up just 14.84 points or 0.1% at 25,854.01.

The tax cut bill passed the GOP-controlled House in a largely party-line vote early on Thursday, but analysts warn it could add trillions to the federal government's already massive debt. The plan has sparked fears of an even wider deficit, especially as interest payments continue to soar.

Asian stocks ended mixed on Friday despite a retreat in U.S. Treasury yields and comments from a Federal Reserve official that the U.S. central bank might lower interest rates in 2025 if tariff issues are resolved.

European stocks are down sharply, hurt by U.S. President Donald Trump's threat that the European Union will impose 50% tariffs on EU goods from 1 June, brewing transatlantic trade tensions into a full-scale trade war.

"The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with," Trump wrote on his social media platform, Truth Social.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.08 or 1.76% at $60.12 a barrel.

Gold futures are gaining $57.20 or 1.75% at $3,352.20 an ounce, while Silver futures are down $0.144 or 0.43% at $33.075 an ounce.

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Tuesday with investors digesting the nation's GDP data and a slew of economic reports from the U.S. With truncated sessions and holidays ahead, the mood in the market remains a bit subdued and the volume of business is rather thin.

RTTNews | 1 h 12 min atrás

U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.

RTTNews | 3 h 9 min atrás

U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.

RTTNews | 3 h 13 min atrás

U.S. Economy Grows Much More Than Expected In Q3

A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent.

RTTNews | 3 h 33 min atrás

U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.

RTTNews | 3 h 47 min atrás

U.S. Industrial Production Rises Slightly More Than Expected In November

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November.

RTTNews | 4 h 7 min atrás

Gold Rises To Fresh Record High On Safe-haven Buying

Gold prices surged to fresh record highs Tuesday morning on safe-haven buying amid escalating US-Venezuela tensions, and somewhat fading possibility of any quick end to the Russia-Ukraine war. A weak dollar contributed as well to the yellow metal's rise.

RTTNews | 4 h 31 min atrás

TSX May Climb To Fresh Record Highs

Canadian shares look set to extend recent gains, and the benchmark S&P/TSX Composite is seen climbing to new highs Wednesday morning as metal stocks may see another round of buying, tracking firm precious metal prices.

RTTNews | 4 h 50 min atrás

EURUSD	1.177	GBPUSD	1.34759	AUDUSD	0.66906
USDJPY	156.3	USDCAD	1.37089	USDCHF	0.7893