Investing

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.

Strength in the technology, base metal and financial sectors helped Canada’s main stock index gain more than 200 points in late-morning trading, while U.S. stocks also climbed higher.

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

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.

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners

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.

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.

Earnings from two chip-industry giants this week are poised to provide an early insight into issues that have punctured investor confidence and sent valuations to multiyear lows.

The U.S. economy is set to lose billions of dollars in revenue in 2025 from a pullback in foreign tourism and boycotts of American products, adding to a growing list of headwinds keeping recession risk elevated.

China will only engage in talks with the U.S. if its leaders show respect toward Beijing, according to a former top Chinese economic official. 

The International Energy Agency slashed forecasts for global oil demand this year amid the brewing trade war, and in its first detailed assessment of 2026 predicted a persistent supply surplus.

Stocks are rallying worldwide Monday after U.S. President Donald Trump relaxed some of his tariffs, for now at least.

Canada’s main stock index was up more than 200 points in early trading while U.S. markets pushed higher even after U.S. Commerce Secretary Howard Lutnick said Sunday that U.S. tariff exemptions on electronics like smartphones and laptops would be only a temporary reprieve.

Alberta Investment Management Corp. has asked its employees to stop non-essential business trips to the U.S. amid U.S. President Donald Trump’s trade war against Canada, according to people familiar with the matter.