The Daily Chase: Markets point to flat open; Federal employees strike continues
BNN Bloomberg
North American equity market futures are pointing to a muted open as investors await a veritable deluge of earnings, highlighted by the tech titans.
PSAC STRIKE DRAGS ON
The standoff between the federal government and some 155,000 workers is dragging on as Ottawa squares off with the largest public-sector union in the country. The Public Service Alliance of Canada (PSAC) says it could escalate strike action to target the nation’s largest ports as the two sides remain far apart at the negotiating table, a potential escalation that could raise the stakes in the massive labour fight. When it comes to the economic impact, that remains unclear – best I’ve seen so far is RBC’s call that a prolonged strike (lasting into May) could trim up to 0.3 per cent off GDP in April, putting strain on already slowing economic output. In any case, both sides are accusing the other of resorting to delay tactics rather than working to a mutually agreeable(ish) deal, which is never a good sign in labour negotiations.
SUNCOR UNDER SCRUTINY FOR DEAD BIRDS
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.