The Daily Chase: GDP comes in softer than expected
BNN Bloomberg
Here are five things you need to know this morning.
StatCan releases quarterly GDP numbers: Statistics Canada reported first quarter GDP numbers this morning, showing the economy grew at a 1.7 per cent pace. That’s less than the 2.2 per cent forecast. Odds of a rate cut on the soft numbers inched up this morning, increasing the odds of a central bank move next week.
WestJet strikes second deal with Encore pilots: After pilots of its Western Canada-focused regional carrier Encore rejected a first deal, WestJet has managed to hammer out a new deal with the pilots union, just ahead of a strike and/or lockout that was set to happen as soon as this weekend. Pilots have to vote on the new pact, but the preliminary agreement presumably takes that possibility off the table for now, at least.
Wildfire nears Cenovus gas compressor station: An “out of control” wildfire has emerged just north of Grande Prairie, Alberta that’s troublingly close to a number of oil and gas facilities. The almost four-acre blaze near the B.C. border is within four kilometres of Canadian Hunter Exploration Ltd.’s gas compression station, which is operated by Cenovus. The facility is also near a number of Canadian Natural Resources gas pipelines.
From rolled steel to kitchen cabinets, Canadian businesses hit by targeted U.S. tariffs are struggling to respond as the trade war drags into its second year.
Global benchmarks mostly rebounded Tuesday, in a mood of cautious relief after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war.
It’s that time of the year again, tax time, a time to file your annual return with the Canadian Revenue Agency.
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.