Daily News

West Fraser Timber Co. Ltd. says its net profit soared 64 per cent from a year ago to US$1.09 billion in its latest quarter on higher revenues despite significant transportation and mill challenges in B.C. The Vancouver-based company, which reports in U.S....

The Bank of Canada Museum will reopen on May 12, 2022, after being closed for the past two years due to the COVID-19 pandemic.   Offering a free, fun and interactiv...

U.S. equities rebounded from the worst rout since March, though ended well off session highs as a glut of earnings reports whipsawed sentiment. Dip buyers powered the S&P 500 as much as 1.6 per cent higher before a late-session rally left it higher by just...

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large cap stocks MARKET OUTLOOK: The war in Ukraine has further highlighted the fragility of the global economy. Supply chain disruptions over the past two years were already c...

One American fund manager said he’s “shocked” more international investment firms aren’t putting their money to work in Canadian stocks, considering their value relative to U.S. equities. “I'm shocked that hedge funds aren’t crawling across the border and,...

The world of commodity traders has long been a secretive one. The merchants who buy and sell the world’s resources have a massive global reach but are mostly privately owned and tend to operate away from public and regulatory view. Suddenly, it seems that...

Food and energy price surges worsened by the Ukraine war could last through the end of 2024 due to disruptions in trade and production, the World Bank Group said Tuesday.  Increase in energy prices, which has reached the largest since the 1973 oil crisis,...

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large cap stocks MARKET OUTLOOK: No shortage of worries for investors right now with stocks still trading near record valuations, particularly in the high-growth sector...

COVID in China, war in Europe and changing perceptions about the invincibility of Big Tech companies are behind a plunge in the Nasdaq 100 Index that reached as much as 3.2 per cent on Tuesday. Only 10 of the index’s components are trading higher for the d...

U.S. stocks sank to the lowest in six weeks as doubts emerged that corporate profits can withstand the Federal Reserve stepping up its battle to tame runaway inflation. The rout persisted after the cash market closed, as results from Alphabet Inc., Texas I...