The Daily Chase: Market sentiment sinks; Link calls off Dye & Durham deal
BNN Bloomberg
Other than the U.S. dollar and world bond yields, it’s hard to find anything that’s trading higher this morning. U.S. futures are suggesting it will be another weak open in New York after three straight days of losses.
On that note, there was a smidgeon of encouraging commentary from Costco’s chief financial officer after markets closed yesterday. Speaking on an earnings call with analysts, he said he’s seeing “minor improvement in a few areas … we are seeing just a little light at the end of the tunnel.”
DYE & DURHAM’S LINK TAKEOVER FALLS APART
It almost seemed like the writing was on the wall after a years-old fund collapse came back to haunt the company that Dye & Durham was trying to acquire. And so, early this morning it became official: Link Administration Holdings Ltd. said it was disappointed to announce that the takeover by Dye & Durham won’t be proceeding. No official comment yet from the Toronto-based software consolidator. We’ll seek insight what its next move might be.
Top Picks from Martin Cobb, Senior Vice-President, Equities, Lorne Steinberg Wealth Management
The chief executive of National Bank of Canada says he’s not changing the bank’s strategy because of the war in the Middle East, but he is urging a faster response from Canada to rising threats abroad.
With airstrikes still battering Iran and missiles still targeting sites across the Middle East, some of the optimism that sent stocks rallying the day before drained out of Wall Street on Tuesday. Oil prices got back to rising, and U.S. stocks are returning some of their gains.
A large explosion at an oil refinery near the Texas coast shot plumes of smoke into the air and forced nearby residents to shelter in place, officials said.
Oil prices rise and stocks fall as war with Iran still advances despite Trump’s talk of negotiations
U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after U.S. President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.
U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after U.S. President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.
Bank of Montreal said on Tuesday it plans to roll out tokenized cash capabilities in collaboration with CME Group and Google Cloud, as it seeks to meet rising demand for real‑time payments amid a global shift toward around‑the‑clock trading.
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.