Wall Street Eyes Modest Gains in Rebound as Oil Prices Slip
Stock futures point to a modest rebound on Wall Street after last week's losses, with oil prices slipping. Investors await economic data and earnings reports.
Category : Stock Markets
Winnipeg Transit Revenue Shortfall Hits $20M
Winnipeg Transit is grappling with a $20 million revenue shortfall, exceeding initial projections, according to a new city report. The deficit raises concerns about service cuts and fare hikes.
US Dollar Best Bet in High Rate Regime, BMO Says
BMO Capital Markets says betting on US dollar strength is the best position for FX traders amid higher rates and inflation, with lingering effects from the US-Iran war.
Nasdaq 100 Falls 3% as Tech Rotation Continues
The Nasdaq 100 fell 3% amid a rotation out of tech stocks, while the S&P 500 ended its longest winning streak since 1985. The TSX dropped over 600 points.
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Traders Bet on Fed Rate Hike After Jobs Data
U.S. job growth beat forecasts in May, leading traders to fully price a Fed rate hike by year-end. Yields surged, and most banks abandoned 2026 cut forecasts.
Ottawa Gas Prices Drop 6 Cents Per Litre This Weekend
Gas prices in Ottawa are set to decrease by 6 cents per litre this weekend, offering relief to motorists. The drop follows recent trends and market adjustments.
Roll with the Market: Valuations Guide Investors
Noah Solomon explains how using valuations as a proxy for margin of safety helps investors adapt to changing market conditions and avoid costly mistakes.
Active Stock Funds Struggle as Big Tech Dominance Intensifies
Active stock pickers face challenges as megacap tech stocks dominate, with only one in five large-cap core funds outperforming the S&P 500 this year.
Wall Street Rally Slows as Alphabet Weighs on Market
Wall Street's record-breaking rally slowed as Alphabet shares dragged on the market. The tech sector faced headwinds amid mixed earnings and economic data.
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S&P/TSX down over 100 pts, oil heads higher
Canada's main stock index dropped more than 100 points on Tuesday, while oil prices climbed. The decline was led by losses in the energy and mining sectors.
Rate Hike Still Expected Despite Weak GDP
Canada's GDP report was skewed by metals market quirks, but April growth looks stronger. Markets still price in a Bank of Canada rate hike by year-end.
Rising government debt threatens Canada's fiscal stability
Jack Mintz warns that rising government debt, driven by defence needs and demographics, poses a sovereign debt crisis risk for Canada despite current lower leverage than the US.
Japan, South Korea Markets Hit Records on Iran War Hopes
Stock markets in Japan and South Korea reached new highs amid optimism that the Iran war may be winding down, boosting investor sentiment across Asia.
Impaired Driving Arrest After Crash in Beaver Bank, N.S.
A man was arrested for impaired driving after a crash in Beaver Bank, Nova Scotia left two people with serious injuries. RCMP are investigating.
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S&P/TSX dips as oil prices fall; US markets mixed
Canada's main stock index fell on Wednesday as oil prices declined, while U.S. markets showed mixed results. The TSX dropped amid energy sector losses.
China Executes Man for Poisoning Gaming Tycoon
A Chinese man was executed for poisoning a gaming tycoon whose story inspired Netflix's '3 Body Problem'. The case involved a deadly plot that shocked the tech industry.
Global Shares Rise Tracking Wall Street Records; Oil Prices Fall
World stock markets mostly advanced on Wednesday, following Wall Street to fresh record highs, while oil prices declined amid demand concerns.
World Stocks, Oil Mixed After US Strikes in Iran
World stocks and oil prices showed mixed results after the US launched strikes in southern Iran, raising geopolitical tensions and market uncertainty.
BofA Strategist Warns Market Bubble Worse Than Roaring '20s
Bank of America's Michael Hartnett warns that mega-IPOs of SpaceX, OpenAI, and Anthropic could push tech concentration to 48%, surpassing historical bubbles.
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Global shares gain, oil prices fall on Trump's war talks
Global stock markets rose and oil prices declined after Trump indicated progress in talks to end the war, boosting investor sentiment.
Trump Tells New Fed Chair Warsh to Be Independent
President Trump says he wants Kevin Warsh to independently lead the Federal Reserve, aiming to ease investor worries about political pressure on monetary policy.
Wall Street Rises as Household Pessimism Grows: AP
Despite ongoing market gains, U.S. household confidence continues to decline. The Associated Press reports on the disconnect between rising stocks and consumer sentiment.
Gold Falls on Fed Rate Hike Warning by Waller
Gold declined as Fed Governor Waller signaled the next rate move is likely a hike due to Iran war energy shock fueling inflation, boosting dollar and yields.
Wall Street rises as bond market pressures ease
Wall Street saw gains as easing bond market pressures boosted investor sentiment. The Dow hit a record high, reflecting optimism in the financial sector.
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Dow Hits First Intraday Record Since February
The Dow Jones Industrial Average reached a new intraday record high, marking its first since February, amid market optimism.
Two Factors Still Favor Borrowers Amid Oil Inflation Fears
Despite oil driving inflation and bond yields, two factors tilt in borrowers' favor: core inflation dropped near 2%, and fixed rates are only 15-30 bps above pre-war levels.
U.S. Stocks Dip on Oil Price Surge and Nvidia Report
U.S. stocks slipped Wednesday after oil prices topped $100 a barrel and Nvidia's latest profit report failed to excite investors, with the S&P 500 and Dow both declining.
US Markets Dip as Oil Prices Climb and Treasury Yields Rise
U.S. stocks fell on Thursday as rising oil prices and higher Treasury yields weighed on investor sentiment, with major indices posting losses.
Canada to Spend $1B on 13 World Cup Games
Canada will spend $1.066 billion to host 13 FIFA World Cup games in Toronto and Vancouver, according to a PBO report. Toronto allocates $380 million for six games.
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Global Shares Dip After Wall Street Retreat, Bond Yields Rise
World stock markets followed Wall Street lower on Wednesday as rising bond yields and economic uncertainty weighed on investor sentiment. The retreat came amid concerns over global growth.
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