By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to recoup only a small fraction of its recent losses over the coming year as the threat of U.S. trade tariffs hampers the outlook for Canada’s export-dependent economy, a Reuters poll found. The median forecast of 36 foreign exchange analysts in the Dec. 2-4 …
Canadian dollar forecasts slashed on US tariff threat- Reuters poll Read More »
(Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper. It’s been exactly a month since the U.S. presidential election delivered victory for Republican Donald Trump and his proposed “America First” agenda. Markets have been driven in large part by the so-called “Trump trade” for the past couple of …
(Reuters) – President-elect Donald Trump in late November pledged tariffs on the United States’ three largest trading partners – Canada, Mexico and China – detailing how he will implement campaign promises that could trigger trade wars. Here are companies that may be affected (by sector, in alphabetical order): AUTOMAKERS AUDI Volkswagen’s Audi plant in San …
Factbox-Global companies likely to be affected by Trump’s promised tariffs Read More »
(Reuters) – Bitcoin hit a record high above $100,000 on Thursday as the election of Republican Donald Trump as U.S. president fuels expectations that his administration will usher in a friendly regulatory environment for cryptocurrencies. The world’s largest cryptocurrency was last trading at $102,900 . Since Trump’s win on Nov. 5, the price has surged …
By Tom Westbrook and Harry Robertson SINGAPORE/LONDON (Reuters) -Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since …
Record-breaking bitcoin surges towards $90,000 on Trump boost Read More »
(Reuters) – U.S. stock index futures dipped on Tuesday after Wall Street’s rally over the past few days following election results as traders awaited key inflation data later in the week for more signals on the country’s economic and monetary policy outlook. The three major indexes notched record high closes in the previous session as …
Futures pull back as focus turns from election to economic data Read More »
By Tatiana Bautzer NEW YORK (Reuters) – Wall Street firms are expected to pay heftier bonuses for this year, the first increase since a bumper year in 2021, according to a report by compensation consultancy Johnson Associates. Payouts will probably rise after financiers benefited from several factors in recent months: a recovery in dealmaking, the …
Wall Street bonuses will rise for the first time since 2021, consultant says Read More »
(Reuters) -Home Depot raised its annual same-store sales forecast on Tuesday, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations. The top U.S. home improvement retailer’s shares, up 18% this year, rose 2% in premarket trading as it posted a smaller-than-expected drop in third-quarter comparable sales. …
Home Depot raises annual same-store sales forecast Read More »
By Nia Williams (Reuters) – Canada’s energy industry does not expect U.S. President-elect Donald Trump’s broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many U.S. refineries rely on barrels from north of the border. Some Canadian oil industry participants saw Trump’s election as a positive that would stimulate energy …
US dependence on Canada’s oil should deter Trump tariffs, industry says Read More »
By Niket Nishant (Reuters) – Visa is partnering with fintech company Affirm to roll out a card in the U.S. that customers can use for both debit transactions and buy now, pay later purchases, reflecting the growing demand for flexibility in payment options. The company is also launching the feature in the United Arab Emirates …
Visa teams up with Affirm to launch card for flexible payments in US Read More »
