Business

The Bank of Canada is likely to hold interest rates steady on Wednesday as officials take stock of the damage posed by U.S. President Donald Trump’s trade war.

Canada will allow some relief to domestically-based automakers and manufacturers in specific sectors from counter-tariffs provided they meet certain conditions, the Finance Ministry said on Tuesday.

Clothing retailer Groupe Dynamite Inc. reported a fourth-quarter profit of $31.0 million, up from $28.6 million a year earlier as its revenue rose 13 per cent.

The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2025, while the number of homes that changed hands across the country in March was down 9.3 per cent compared with a year ago.

Meta CEO Mark Zuckerberg sparred Tuesday with a Federal Trade Commission attorney over the meaning of emails the Facebook founder wrote about why he wanted to acquire Instagram, as a historic antitrust trial alleging Meta illegally monopolized the social media market went into its second day.

Barclays Plc is close to selling a stake in its payments business to Brookfield Asset Management, according to people familiar with the matter.

After inflation surprisingly slowed in March, one chief economist says he doesn’t expect a cut from Canada’s central bank on Wednesday, but highlighted he is forecasting about 100 basis points of cuts during the year.

U.S. Representative Marjorie Taylor Greene sold U.S. Treasuries and bought stakes in Amazon.com Inc., Blackstone Inc. and Tesla Inc. the day before U.S. President Donald Trump put a 90-day pause on retaliatory tariffs and prompted a market rally.

French group Hermes overtook LVMH as the world’s most valuable luxury company on Tuesday after shares in the Louis Vuitton maker tumbled following weaker-than-expected quarterly sales.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March slowed compared with February.

Here are five things you need to know this morning.

Investor sentiment regarding economic prospects is the most negative in three decades, yet fund managers’ pessimism isn’t fully reflected in their asset allocation which could mean more losses for U.S. stocks, a Bank of America Corp. survey shows.

Most banks in the industry’s biggest climate alliance endorsed a proposal that will refocus the group on providing financial support for the energy transition and also hold signatories to a less stringent standard for reducing the emissions enabled by their lending.

U.S. Treasuries fell, while investors pushed the compensation they demand to hold longer-dated bonds to the highest in more than a decade, as the fallout from U.S. tariff policies overshadows markets.

Bank of America Corp.’s stock traders posted a record quarter as the company reaped the benefits of volatile markets and net interest income topped analysts’ estimates.