Bay Street Likely To Open On Weak Note

RTTNews | vor 241 Tagen

(RTTNews) - Canadian shares look headed for a weak start Monday morning amid rising trade tensions after China's Commerce Ministry said it would retaliate against nations cooperating with the U.S.'s tariff wars. i U.S. President Donald Trump's threat that Fed Chair Jerome Powell might be removed from his post is also likely to weigh on sentiment.

White House economic adviser Kevin Hassett said on Friday that the president and his team are examining the legal feasibility of removing Powell and claimed that he had acted politically to benefit Democrats.

On Thursday, Trump blasted Powell for not lowering interest rates, calling him "always TOO LATE AND WRONG."

In Canadian company news, power producer Northland Power Inc. (NPI.TO) announced Monday the appointment of Jeff Hart as the Company's new Chief Financial Officer (CFO), effective May 1, 2025. He will be based at Northland's headquarters in Toronto and will report directly to Christine Healy, President and Chief Executive Officer of Northland.

The Canadian market closed modestly higher on Thursday. The benchmark S&P/TSX Composite Index spent morning trading bouncing back and forth across the unchanged before spending the afternoon hovering in positive territory.

The index ended the day up 86.02 points or 0.4% at 24,192.81, continuing to recover from the eight-month closing low set last Tuesday.

Asian stocks ended mixed on Monday, with markets in Hong Kong, Australia and New Zealand closed due to the Easter holiday.

The U.S. dollar tumbled after U.S. President Donald Trump threatened to fire Fed Chair Powell over rate cuts and released an eight-point list targeting what he calls "non-tariff cheating" by foreign nations -- a warning he said could affect diplomatic and trade ties with the United States.

The major European markets are closed today for Easter Monday.

In commodities, West Texas Intermediate Crude oil futures are down $1.51 or 2.3% at $63.17 a barrel.

Gold futures are gaining $87.50 or 2.63% at $3,415.90 an ounce, while Silver futures are up $0.570 or 1.76% at $33.040 an ounce.

South Korea Producer Prices Rise 0.3% In November

Producer prices in South Korea were up 0.3 percent on month in November, the Bank of Korea said on Friday - up from 0.2 percent in October.

RTTNews | vor 1Std 11 Minuten

New Zealand Has NZ$163 Million Trade Shortfall

New Zealand posted a merchandise trade deficit of NZ$163 million in November, Statistics New Zealand said on Friday.

RTTNews | vor 1Std 16 Minuten

Swiss Market Settles On Firm Note

After a slightly weak start and a subsequent recovery that resulted in a spell marginally above the flat line till about a couple of hours past noon, the Switzerland market's benchmark SMI gained in strength and ended the session on a firm note on Thursday.

RTTNews | vor 4Std 53 Minuten

ECB Holds Rate Steady Again, Lifts Eurozone Growth Forecasts

The European Central Bank left its key interest rate unchanged for the fourth policy session in a row and raised the growth forecasts for the euro area citing support from domestic demand, but the bank also lifted the inflation projection for next year as policymakers expect services inflation to ease more slowly than expected earlier.

RTTNews | vor 5Std 14 Minuten

European Markets Close On Firm Note After ECB, BoC Rate Decisions

European markets closed on a firm note on Thursday after staying somewhat subdued till a little past noon. The BoE's 25-basis point rate cut, expectations of more monetary easing by the Fed after data showing a smaller-than-expected increase in CPI helped underpin sentiment.

RTTNews | vor 5Std 32 Minuten

TSX Rises 1% As Technology, Financials Stocks Move Higher

Canadian stocks moved higher Thursday morning, after data showing a lower-than-expected US CPI reading raised hopes of more interest rate cuts by the Federal Reserve in the coming months.

RTTNews | vor 7Std 15 Minuten

Philly Fed Index Unexpectedly Slumps Further Into Negative Territory In December

A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly showed a notable decrease by its reading on regional manufacturing activity in the month of December. The Philly Fed said its diffusion index for current general activity slumped to a negative 10.2 in December from a negative 1.7 in November, with a negative reading indicating contraction.

RTTNews | vor 7Std 42 Minuten

U.S. Annual Consumer Price Growth Unexpectedly Slows In November

The annual rate of growth by consumer prices has unexpectedly slowed, according to data released by the Labor Department on Thursday. The Labor Department said consumer prices in November were up by 2.7 percent compared to the same month a year ago. The year-over-year price growth in November reflects a notable slowdown from the 3.0 percent surge in September.

RTTNews | vor 8Std 18 Minuten

EURUSD	1.17232	GBPUSD	1.33762	AUDUSD	0.66122
USDJPY	155.463	USDCAD	1.37744	USDCHF	0.79377