Canada Financial News

Sona BLW fell by up to 3% on the BSE on March 4, after U.S. President Donald Trump said on Monday, «there is no room left for Mexico or Canada,» confirming that a 25% tariff on imports will take effect from Tuesday. The shares of Sona BLW Precision Forgings fell by 2.7% to a low of Rs 472.80 in early trade, while Samvardhana Motherson International shares slipped 2.4% to their day's low of Rs 116.55.

Nifty, opened lower on Tuesday, weighed down by index heavyweight Reliance Industries and IT stocks, tracking losses in Asian markets after former U.S. President Donald Trump reiterated that his proposed tariffs would proceed as planned. The BSE Sensex was down 386 points, or 0.53%, at 72,665, while the Nifty50 fell 145 points, or 0.66%, to 21,974 around 9:20 am.

WASHINGTON — The risks for higher inflation are on the rise, St. Louis Federal Reserve President Alberto Musalem said Monday.

Subscribe to enjoy similar stories. Being ‘not China’ may have been the easy part. A big manufacturing pitch in several Asian economies was that they enjoyed cordial relations with Beijing and solid historical ties to the US.

Subscribe to enjoy similar stories. President Trump’s tariffs on top U.S. trading partners are set to take effect in coming days.

Subscribe to enjoy similar stories. “The golden age of America begins right now." So declared Donald Trump on January 20th in his inaugural address. In the six weeks since that chilly day, investors and economists have started to grapple with a less upbeat possibility: that his arrival in the White House is both causing and coinciding with a period of weakness for America’s economy.

Subscribe to enjoy similar stories. The Nifty 50, India's benchmark index, declined by 420 points after US President Donald Trump announced an additional 10% tariff on China and a 25% duty on Canada and Mexico, triggering global trade war concerns among investors. After trading within a narrow range of 22,500–22,800 during a holiday-shortened week, the index fell sharply on Friday, closing around 22,125.

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Nifty 50 extending its longest monthly losing streak since 1996 amid growing concerns over domestic market conditions. The benchmark BSE Sensex lost 1414.33 points or 1.90% to close at 73,198.10, while the broader Nifty 50 index closed at 22,124.70, lower by 420.35 points or 1.86%.

Study abroad consultants across India are facing a surge in frantic calls. Students braving the end of the student direct stream programme in Canada and caps on the permits to international students — or already studying there — are desperate for clarity as the country's latest immigration regulations take effect. These students and their parents are also seeking help from the consultants to chart their way forward. Sudden permit cancellations, heightened scrutiny of visa applications and stricter enforcement of departure rules have already thrown thousands of the estimated 423,000 Indians in Canada into a tizzy. «We've had multiple clients lose their permits despite perfect academic records. The IRCC (the government department of Immigration, Refugees and Citizenship Canada) projects 7,000 more revocations this year — I think that's conservative,» said Nikhil Jain, founder of ForeignAdmits.

Alastair Newton, CEO, Alavan Business Advisory Ltd, we can park Asia largely because Donald Trump has not really turned his attention to Asia, other than he had quite a warm meeting with the Japanese Prime Minister and as I mentioned a moment ago, had a very warm meeting with Narendra Modi. But for the moment, Donald Trump's attention seems to be largely, largely on Western Hemisphere, Panama, Mexico, Canada. He had that spat with Columbia right at the beginning of his current term of office, and in particular on Europe. ET Now: What really happens now, what do you anticipate will be the next set of steps because Donald Trump has stated that this was something that we had a very fruitful meeting in the White House. Much was learned that could have never been understood without conversation under such fire and pressure. Do you think that there will be a resumption of peace talks anytime soon between Ukraine and the United States?

Donald Trump's adviser, Peter Navarro, is allegedly pushing for border changes, thereby increasing the tensions between the United States and Canada. In light of Donald Trump's goal of making Canada the «51st state» in the union, a senior White House official has threatened to redraw the country's border.

The Bank of Canada will halt rate cuts after a March trim if United States President Donald Trump imposes 25 per cent tariffs on most goods from Canada, say economists at Oxford Economics Group Ltd., a decision that would upend standard thought about how policymakers respond to such traumatic events.

Canada’s biggest banks beat analysts’ earnings expectations quite comfortably this week, which usually helps ease concerns linked to the economy, but that wasn’t the case this time around.

Cryptocurrency-linked stocks are paring some of their losses but still broadly declining in Friday intraday trade, with bitcoin (BTCUSD) trading around $81,000—more than a quarter off its January peak.

In the face of a trade war, Canadian business leaders are making big changes in the way they conduct operations — and many are moving away from their longtime trading partner on the other side of the border, according to a new Léger survey.

The United States sends tremendous support to its allies around the world, but the payback has typically been a more stable world — it doesn’t always work, mind you, as we have seen these past three years. But no country benefits more from a tranquil world than the U.S.

Tax season is now underway, and if you moved in 2024, you may be entitled to write off your moving expenses, assuming you qualify. Not all moves, however, qualify as an “eligible relocation,” and the ability to deduct moving expenses can be challenged by the taxman, which is what happened in a recent case decided earlier this month. But before delving into the details of this latest case, let’s briefly review the rules for deducting moving expenses.

If the tariffs are confirmed, «Europeans will respond and therefore there will be reciprocal tariffs. Because we must protect ourselves, defend ourselves,» Macron said in Porto during a state visit to Portugal. «We must not be weak in the face of these measures,» he said alongside Portuguese Prime Minister Luis Montenegro.

gold prices to soften, have started purchasing gold jewellery in the last two days as prices have fallen from a high of Rs 86,647 per 10 gm on last Tuesday to Rs 84,056 per 10 gm on Friday. Prices have dropped by Rs 2,509 per 10 gm over the last two days. The gold market was closed on Wednesday on account of Shivratri. Rajesh Rokde. chairman of All India Gem & Jewellery Domestic Council (GJC) said «The footfalls at the stores have increased. Those, who had been waiting to buy gold, have started their purchase. Consumers do not want to miss the chance of lower gold prices.» He added that the correction in gold prices seems to be a temporary one. «It may go up any moment if the trade war intensifies and the geopolitical risk heightens. This a good opportunity to buy gold, Rokde said.

trade war, moving ahead to implement tariffs that could unsettle Wall Street, as per a report. Trump posted on Truth Social, that tariffs on imports from Canada and Mexico would come into effect from March 4, reported Yahoo Finance. The president also declared an extra 10% tariff on China.