The Bank of Canada (BoC) lowered its benchmark interest rate by 0.25% on Wednesday, bringing it down to 2.5%. This move reflects a cautious approach as recent economic indicators — including a second-quarter contraction and a weakening job market — point to broader economic softness. According to Reuters, economists expect at least one more rate…
Alberta Finance Minister Nate Horner announced Thursday that the province’s projected deficit for this fiscal year has grown by $1.3 billion, bringing the total shortfall to $6.5 billion. This marks a dramatic financial reversal for Alberta, which posted an $8.3-billion surplus just one year ago. “We’re going to have to weather some of this,” Horner…
Canada’s main stock index climbed to another record high on Friday, driven by strong gains in gold mining stocks and investor optimism following the Bank of Canada’s recent rate cut aimed at stimulating the domestic economy. The S&P/TSX Composite Index closed up 314.83 points, or 1.1%, at 29,768.36, surpassing the previous record set just a…
Retail sales in Canada fell by 0.8% to $69.6 billion in July, as consumers spent less at supermarkets and grocery stores, according to Statistics Canada. The decline came despite a modest 0.2% increase in sales at motor vehicle and parts dealers — the only retail subsector to see growth that month. Eight out of nine…
Canadian vehicle and auto parts exports were hit with over US$380 million in tariffs in July, marking a sharp increase as U.S. trade levies took full effect. Also Read: Canadian stocks to buy 2025 According to a recent analysis by Anderson Economic Group, the U.S. imposed US$1.1 billion in tariffs on vehicles imported from Canada…
About AbCellera AbCellera is a clinical-stage biotechnology company that leverages advanced technologies to discover and develop antibody-based therapeutics. Founded with the vision of transforming the way antibody drugs are discovered, AbCellera integrates AI-powered drug discovery platforms with deep expertise in immunology and protein engineering. Clinical Development Milestones Achieved AbCellera (Nasdaq: ABCL) announced significant progress in…
During the second quarter of 2025, South Bow Corp (TSX:SOBO) delivered stable financial results, underpinned by the strong commercial performance of South Bow. Total revenue for the quarter reached $524 million, with net income of $96 million, or $0.46 per share. While normalized EBITDA¹ declined 6% year-over-year to $250 million—primarily due to expected lower contributions…
A Leading Force in Global Gold Mining Agnico Eagle Mines (TSE:AEM) stands as Canada’s largest mining company and consistently ranks among the top three gold producers worldwide. With operations in Canada, Mexico, Australia, and Finland, Agnico has built a strong global presence backed by an extensive, high-quality exploration pipeline. Founded in 1957, the company has…
Shopify Inc. (TSX: SHOP) offers a cloud-based e-commerce platform, enabling businesses to create and manage online stores. It provides tools for selling across websites, social media, marketplaces, and physical retail locations. Financial Performance The company has released its financial results for the second quarter ended June 30, 2025, showcasing impressive growth. Revenue rose by 31%,…
As of the market close on September 12, 2025, the TSX has logged six consecutive weeks of gains, reflecting broad market strength. Yet even amid these highs, there are still attractive bargains available. Three standout stocks trading under $20 offer compelling opportunities — including two high-growth plays from 2025’s top-performing sector and a rare dividend…
While a potential interest rate cut by the Bank of Canada could push variable mortgage rates below fixed rates, experts warn this won’t be a quick fix for Canada’s sluggish housing market. CIBC economist Benjamin Tal believes the BoC has room to cut rates — not only this September but beyond — based on recent…
Financial Performance Bank of Montreal (TSX:BMO) reported net income of $2,330 million and earnings per share (EPS) of $3.14, up from $1,865 million and $2.48, respectively, in the same period last year. On an adjusted basis, net income rose to $2,399 million and adjusted EPS to $3.23, compared to $1,981 million and $2.64 a year ago….
A decade ago, one name consistently topped investors’ portfolios—from Wall Street legends like Warren Buffett to everyday retail traders: Apple (NASDAQ:AAPL). Fast forward seven years, and Nvidia (NASDAQ:NVDA) took that spot, becoming the first company to surpass a $4 trillion market cap and earning a place in virtually every growth-focused portfolio. There’s no doubt that…
Canada’s main stock index reached a new all-time high on Thursday, driven by optimism that the U.S. Federal Reserve is still on track to cut interest rates next week, despite slightly hotter-than-expected inflation data. The S&P/TSX Composite Index rose 0.6% to 29,352.92, surpassing its previous record close. Also Read: Long term investing in Canada While…
An expansion of the Port of Montreal and a major liquefied natural gas (LNG) development in British Columbia are among the first five projects selected for fast-track approval under Canada’s new major projects legislation. Prime Minister Mark Carney is expected to officially unveil the list during a Thursday announcement in Edmonton. Also Read: Buy Canadian…
