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TSX Sheds 1.1% As Stocks Tumble On U.S. Policy Uncertainty
The Canadian market closed notably lower on Thursday amid uncertainty about the Trump administration's moves with regard to tariffs and economic policies.
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74天前
Dollar Stays Weak Against Most Major Counterparts
The U.S. dollar stayed weak against most of its major counterparts on Thursday, although the decline was not any significantly pronounced.
Traders continued to track the developments on the tariff front, and digested the latest batch of economic data, and the European Central Bank's decision to lower interest rates once again.
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74天前
Oil Futures Settle Slightly Higher
Oil futures settled slightly higher on Thursday after some wild swings amid uncertainty about the outlook for oil demand, and on possible excess supply in the market.
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74天前
U.S. Dollar Weakens As Tariff Concerns Ease
The U.S. dollar declined against its major counterparts in the New York session on Thursday, as worries about tariffs eased following the Trump administration's decision to delay car tariffs for Canada and Mexico by a month.
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74天前
Canadian Market Down Firmly In Negative Territory
The Canadian market is down sharply Thursday afternoon amid concerns the trade war with the U.S. could hurt growth and adversely impact corporate earnings.
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74天前
Swiss Market Ends Moderately Lower
The Switzerland market ended weak on Thursday, after languishing in negative territory right through the day's session as worries about global growth due to stringent tariffs by the U.S. on imports from Canada and Mexico rendered the mood a bit bearish.
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74天前
European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Thursday as investors reacted to quarterly earnings updates and the European Central Bank's rate cut decision, while continuing to follow the developments on the tariff front.
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74天前
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ECB Lowers Rates, EZ Growth Outlook Amid Rising Uncertainty; Signals Pause Ahead
The European Central Bank cut its key interest rates for the fifth policy session in a row and also lowered the growth forecast for the euro area mainly due to prospects of weak exports and investment in the backdrop of high trade uncertainty amid the tariffs war, and signaled a pause in the easing cycle as policy is now deemed less restrictive.
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74天前
U.S. Wholesale Inventories Climb Slightly More Than Expected In January
A report released by the Commerce Department on Thursday showed wholesale inventories in the U.S. increased by slightly more than expected in the month of January. The Commerce Department said wholesale inventories climbed by 0.8 percent in January after falling by a revised 0.4 percent in February.
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74天前
U.S. Labor Productivity Jumps More Than Previously Estimated In Q4
Labor productivity in the U.S. grew by more than previously estimated in the fourth quarter of 2024, according to a report released by the Labor Department on Thursday. The report said labor productivity shot up by 1.5 percent in the fourth quarter compared to the previously reported 1.2 percent jump. Economists had expected the increase in labor productivity to be unrevised.
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74天前
U.S. Jobless Claims Dip More Than Expected To 221,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 1st. The report said initial jobless claims dipped to 221,000, a decrease of 21,000 from the previous week's unrevised level of 242,000
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74天前
U.S. Trade Deficit Soars To Record High In January
Reflecting a spike by the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened by more than expected in the month of January. The Commerce Department said the trade deficit surged to a record high of $131.4 billion in January from a revised $98.1 billion in December.
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74天前
Bay Street Likely To Open Lower
Lower Canadian and U.S. futures and weak metal prices point to a negative start on Bay Street Thursday morning.
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74天前
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