Category: Canada

Feb 19

Trump’s Commerce Secretary Pick Howard Lutnick Confirmed by Senate

Breadcrumb Trail Links PMN Business Howard Lutnick, the billionaire CEO of Cantor Fitzgerald LP, was confirmed by the Senate Tuesday to be President Donald Trump’s Commerce secretary. Author of the article: Bloomberg News Daniel Flatley Published Feb 18, 2025  •  3 minute read Howard Lutnick Photographer: Al Drago/Bloomberg Photo by Al Drago /Bloomberg Article content […]
Feb 17

Asian Stocks to Edge Higher After Gains in Europe: Markets Wrap

Breadcrumb Trail Links PMN Business Stocks in Asia are broadly set to track gains in Europe, where the likelihood of greater military spending lifted shares in defense companies and bond yields. Author of the article: Bloomberg News Rob Verdonck Published Feb 17, 2025  •  Last updated 32 minutes ago  •  3 minute read sk4jpgqgnxt4orl47rhw1b97_media_dl_1.png RBA, BOE, […]
Feb 16

Asia Set for Cautious Open as US-EU Tensions Rise: Markets Wrap

Breadcrumb Trail Links PMN Business Asian stocks are set to come under pressure early Monday as traders navigate increasing tensions between the US and European Union and looming central bank monetary policy decisions. Author of the article: Bloomberg News Matthew Burgess Published Feb 16, 2025  •  Last updated 26 minutes ago  •  3 minute read b[zcxgu9xu}(l{ecpr17nb4j_media_dl_1.png […]
Feb 15

Canada’s Conservative Leader Pitches Major Natural-Resource Revamp to Counter Trump

Breadcrumb Trail Links PMN Business Canadian Conservative Leader Pierre Poilievre pledged to build an “east-west economy” with oil and gas pipelines stretching from Alberta to the Maritime provinces as part of a sweeping plan to respond to US tariff threats. Author of the article: Bloomberg News Randy Thanthong-Knight and Jacob Lorinc Published Feb 15, 2025 […]
Feb 15

Junk Bond Guru Sees Rising Distress Ahead as Banks Tighten Lending

Breadcrumb Trail Links PMN Business The strong US economy has left distressed debt investors starved of opportunity but that may be about to change, according to veteran high-yield analyst Marty Fridson. Author of the article: Bloomberg News James Crombie Published Feb 15, 2025  •  5 minute read c]4nr8j}hse{2spj{704twro_media_dl_1.png Federal Reserve, BAML, Bloomberg Article content (Bloomberg) […]
Feb 12

Cisco Gains After AI-Fueled Networking Spending Lifts Forecast

Breadcrumb Trail Links PMN Business Cisco Systems Inc. gained in late trading after giving an upbeat sales forecast for the current quarter, helped by companies spending more on computing infrastructure to take advantage of AI technology. Author of the article: Bloomberg News Ian King Published Feb 12, 2025  •  3 minute read 4atvehqc[x(ncfn4jnhcs8ss_media_dl_1.png Company reports, […]
Feb 10

Trump sets 25% tariffs on steel, aluminum as trade war grows

Breadcrumb Trail Links PMN Business The new rates will go into effect on March 4, a U.S. official said Author of the article: Bloomberg News Jennifer A. Dlouhy, Jenny Leonard and Josh Wingrove Published Feb 10, 2025  •  Last updated 0 minutes ago  •  5 minute read a5sm23bk6n}{2anvcmb8sv(k_media_dl_1.png UNCTAD TRAINS, Office of the Uni Article content […]
Feb 10

Asian Stocks Set to Gain as US Brushes Off Tariffs: Markets Wrap

Breadcrumb Trail Links PMN Business Stocks in Asia are set to advance after US traders looked past concerns over tariff threats and toward Federal Reserve comments and inflation data. The dollar strengthened and gold hit a record. Author of the article: Bloomberg News Rob Verdonck Published Feb 10, 2025  •  3 minute read 6eeulyiie)vg1bfex58zcmh[_media_dl_1.png Bloomberg […]