Reversing the gains from yesterday's session, Canadian stocks slumped on Friday as the U.S.-China summit concluded with no announcement on a possible Chinese mediation to end the U.S.-Iran war, thereby renewing escalation concerns and leaving the Hormuz crisis unresolved.
The Canadian market is down sharply in negative territory Friday afternoon, hurt by losses in materials, healthcare and consumer discretionary sectors. Shares from utilities and financials sectors too are mostly down with notable losses.
Onex Corporation (ONEX), an asset management firm specializing in acquisitions, Friday reported lower earnings for the first quarter compared to the same period last year. Quarterly earnings decreased to $129 million $1.76 per share from $168 million or $2.36 per share of last year. Asset management...
Lower Canadian and U.S. futures amid renewed concerns over the Middle East conflict and rising oil prices point to a weak opening on Bay Street Friday morning. A lack of concrete outcome from the U.S.-China summit in Beijing is also likely to hurt sentiment.
A2Z Cust2Mate Solutions Corp. (AZ) a Canada based technology company, on Friday posted a wider quarterly net loss even as revenue rose, compared to the prior year. In pre-market activity on the Nasdaq, shares of A2Z Cust2Mate Solutions were down 7.59 percent, changing hands at $6.21, after closing...
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday as Asian stock markets traded lower, amid concerns over the re-escalation of the Middle East conflict after ship attacks and seizures near the Strait of Hormuz....
The U.S. dollar strengthened against other major currencies in the Asian session on Friday. The U.S. dollar rose to near 1-1/2-month highs of 1.1643 against the euro and 1.3352 against the pound, from yesterday's closing quotes of 1.1662 and 1.3390, respectively. Against the yen and the Swiss...
The Australian dollar weakened against other major currencies in the Asian session on Friday. The Australian dollar fell to 3-day lows of 1.6248 against the euro and 113.65 against the yen, from yesterday's closing quotes of 1.6166 and 114.26, respectively. Against the U.S. and the Canadian dollars,...
Canadian stocks edged higher on Thursday as signals of Chinese intervention for the resolution to the Strait of Hormuz crisis emerge in the backdrop of a U.S.-China summit while the strait remains blocked for oil and energy transit.
The Canadian market remains firmly up in positive territory Thursday afternoon, with stocks from across several sectors positing strong gains. Optimism surrounding the Beijing Summit and enthusiasm for AI and technology contribute to the positive mood in the market.
The FIFA World Cup opening ceremonies are set to feature performances by Katy Perry, Alanis Morissette, Tyla and more.
Brookfield Wealth Solutions (BNT, BNT.TO) said it recorded a net loss of $602 million for the first quarter, compared to a net loss of $282 million in the prior year period. The net loss was driven by unfavorable mark-to-market movements on public equity investment positions which have recovered since...
Higher Canadian and U.S. futures point to a positive start on Bay Street Thursday morning. Weak commodity prices may weigh a bit, but the focus will largely be on U.S.-China summit, and news about Middle East conflict.
Thursday, BCE Inc. (BCE) announced that Bell Canada has announced the latest development and construction partners for Bell AI Fabric's 300 MW data centre in the Rural Municipality of Sherwood, Saskatchewan, and confirmed a long-term partnership with Bird Construction Inc. to support a multi-year, Canada-wide...
Brookfield Corporation (BN), a multi asset management company, Thursday reported higher earnings and revenue for the first quarter compared to the same period last year. Quarterly earnings increased to $102 million or $0.03 per share from $73 million or $0.01 per share of last year. Revenue rose...
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.