The Daily Chase: Awaiting Canadian Bank earnings; Oil under pressure
BNN Bloomberg
After energy stocks propelled the S&P/TSX Composite Index to a higher close yesterday, the group’s gains could be at risk today as the air comes out of the oil trade this morning.
GEARING UP FOR BANK EARNINGS
To say it’s a murky outlook for the banks fiscal third-quarter reporting season might be an understatement. Between credit worries as central banks raise rates, investment banking activity that – as one analyst put it – has “ground to a halt,” and two big U.S. takeovers still pending regulatory approvals, analysts generally seem to have low expectations for this batch of results. That said, the banks have often defied the skeptics. Check out Michelle Zadikian’s preview at BNNBloomberg.ca, and we’ll set the scene on air at 10:30 a.m. ET when John Aiken from Barclays Capital joins us.
NO QUICK CANADIAN FIX FOR EUROPE’S ENERGY CRISIS
Gold seen as overbought as Iran tensions ease, with falling oil prices lifting stocks and shifting investor sentiment toward risk assets.
Stock markets in Canada and the U.S. rallied after President Donald Trump said the United States has talked with Iran about a possible end to the war.
A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war.
A pipeline leak in Sarnia, Ont., has been located more than a week after a sheen reportedly turned up on the St. Clair River.
U.S. President Donald Trump on Monday said the U.S. was talking with a “respected” Iranian leader and claimed the Islamic Republic was eager for a deal to end the war. He also extended a deadline for Iran to reopen the crucial Strait of Hormuz or face attacks on its power plants, saying it has an additional five days.
Berkshire Hathaway, the conglomerate built by Warren Buffett, is buying a 2.49 per cent stake in Japanese insurer Tokio Marine Holdings for about US$1.8 billion as part of a new strategic partnership, deepening its financial commitment to Japan.
Relief is ripping through financial markets after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war, despite Iran’s denials.
Asset management giant BlackRock’s CEO Larry Fink urged clients to stay invested despite ongoing market volatility, and highlighted that artificial intelligence is reshaping investment strategies and the broader economy.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.