Tag: Canada

Canadian stocks ended the week lower following a fifth consecutive daily loss. This comes after investors expressed anxiety at the possibility of interest rates remaining higher for longer than previous assessments suggested. The Toronto Stock Exchange's S&P/TSX composite index ended Friday 11.65 points lower, or...

Canadian mining and metals company First Quantum Minerals confirmed that a strike at its key copper mine in Panama has been avoided. The company reached an agreement with the Utramipa worker's union over profit sharing and wage increases. The threat of strike action arose after...

Export Development Canada, an agency of the Canadian government, confirmed that a loan guarantee between C$2.75-C$3 billion ($2.2 billion) has been granted to the Trans Mountain pipeline expansion project. Bought from Kinder Morgan Inc by the Canadian government in 2018, this pipeline has been marred...

Canada's economy is expected to contract by 0.2%, Statistics Canada claimed on Friday. This comes after Statscan revealed that Canada's Gross Domestic Product (GDP) rose by 0.3% in May. This figure fell in line with analysts' previous estimates of a 0.3% rise in May. For...

The Bank of Canada is expected to implement a second consecutive interest rate hike in July after data showed strong economic growth, a tight labor market, and resilient inflation. In June the bank raised its rate by a quarter percentage point, reaching a 22-year high...

The Toronto Stock Exchange's S&P/TSX composite index ended the week down 51.98 points, or 0.3%, after posting gains over the four previous days. This was enough to salvage a weekly gain of 0.4%. Canada's main stock index was impacted by a 1.2% decline from technology stocks....