Canada Financial News

Data provided by many sectors reveal the increasing footprint of the «Buy Canadian» movement, because of US president Donald Trump's threats of taking over Canada and trade moves, such as the 25% tariff on most Canadian imports, according to The Globe and mail. From travel agents to distilleries, American companies are already experiencing the impact. Travel agencies claimed that bookings from Canada to the US are plummeting, while Canadian grocery store shoppers prefer more local products, as per the report.

Chicago Mercantile Exchange is a leading global financial institution. It trades commodities, currencies and exotic products like weather derivatives. But it started in 1898 as the Chicago Butter and Egg Board, a more downmarket operation from the grain traders who dominated the market. Eggs were disregarded by leading traders because they came not from the farmers who raised grain and cattle on Midwestern farms, but from their wives who tended to backyard flocks of chickens. “Local merchants often accepted the eggs as a courtesy to the farm wives; they then packed the eggs off to Chicago,” writes Kara Newman in The Secret Financial Life of Food. A ‘nest egg’ was a dummy egg placed in nests to encourage hens to lay, but it also came to mean the private funds that women built through this trade. The US is currently reeling under egg shortages, primarily caused by flocks being culled due to avian flu. At one point, the price crossed $8 per dozen, more than double their usual price. The US is desperately searching for eggs abroad, much to the amusement of countries like Canada, which are suffering under President Trump’s tariffs. Trump recently posted a link to an article with the ill-tempered headline: ‘Shut Up About Egg Prices – Trump is Saving Consumers Millions’.

manufacturing expansion failed to offset a slowdown in the services sector, a private survey showed on Monday. HSBC's flash India Composite Purchasing Managers' Index, compiled by S&P Global, slipped to 58.6 in March from February's final reading of 58.8, lower than a Reuters poll's median prediction of 59.0. The 50-mark divides growth from contraction. The manufacturing PMI index increased to 57.6 from 56.3, remaining in the expansion territory for more than three-and-a-half years. But the dominant-services sector's PMI index fell to 57.7 from 59.0 in February, contributing to the fall in the overall index.

“India's consumption has been a robust long-term story. As economic development accelerates and the middle class grows, the potential for further expansion in the consumer market is set to increase significantly,” says Harshad Patil, CIO, Tata AIA. In an interview with ETMarkets, Patil said: “We see strong potential in some sectors such as Retail, Quick Commerce, Healthcare, FinTech ,Travel and Hospitality, Consumer Durables and Automobiles,” Edited excerpts: Thanks for taking the time out. After a nearly 6% drop in February 2025, volatility continues in March. What is weighing on markets? In the month of March, Indian equities have been under pressure due to tariff concerns. The recent announcement of new tariffs by the U.S. President, including a 25% levy on select imports from Mexico and Canada, has led to a surge in market volatility across the globe.

Subscribe to enjoy similar stories. Canada’s Prime Minister Mark Carney called for elections on April 28, 2025. (Photo by Andrej Ivanov/Getty Images) New Canadian Prime Minister Mark Carney called for a snap election in late April as the country steels itself to respond to President Donald Trump’s threatened tariffs and repeated calls for it to become the U.S.’s “51st state." Carney was sworn in less than two weeks ago to succeed Justin Trudeau.

borderless world' was first propagated by Kenichi Ohmae, author of The Mind of the Strategist, in the 1990s. He predicted an era in which national boundaries would become less significant, and the free flow of goods, services, capital and information would define global trade and commerce. His theory embodied the zeitgeist of late 20th-century trade. The dawn of the 21st century appeared to vindicate his foresight, with trade liberalisation, tech breakthroughs, and MNCs propelling the globe toward economic interdependence. But the question now is whether idealism survives the political opportunism. The Trump administration's tariffs and economic nationalism raise the question of whether the era of a borderless world is coming to an end. With political slogans such as 'America First', and MAGA, Trump seeks to recalibrate trade dynamics by imposing punitive tariffs on imports from countries like Canada, Mexico, India and China.

With egg costs reaching nearly $10 per dozen in some U.S. cities while Canadian shelves remain fully stocked at prices as low as $1.84 USD, the contrast is too much for the internet to resist. Memes mocking the egg crisis have gone viral, with some comparing the situation to the U.S.'s previous stance on not needing anything from Canada. One viral tweet summed up the irony perfectly: «MAGA: ‘We don’t need anything from Canada!’ Moments later… ‘U.S. begs nations for eggs’»

Trump are challenging the global commodity market, making prices highly volatile. The recent US tariffs on countries like Canada, Mexico, and China have raised concerns over a global trade war, as Canada and China have already imposed retaliatory tariffs on U.S. products. Bullion was the asset that benefited most due to the tariff war. Gold in the key London spot market is hovering above the psychological level of $3,000 an ounce, gaining more than 15 percent so far this year. Similarly, Indian gold prices also gained considerably, with the MCX futures prices trading at a lifetime high of ₹88,800 per ten grams last week.

Trump administration, triggering macro-economic uncertainties and fears of a potential recession. “Demand uncertainties from the second half of calendar year 2024 (2HCY24) have trickled into calendar year 2025 estimated (CY2025E) budgets, implying continued weakness in financial year 2026 estimated (FY2026E),” Kotak Institutional Equities said in a report on the IT sector. The IT services industry clocked the healthiest earnings rebound in six quarters in the October-to-December period backed by a modest uplift in business led by the key banking, financial services and insurance (BFSI) vertical. This had raised hopes of a likely boost in revenue growth from the low to high single digits in 2025 at top-tier firms such as Tata Consultancy Services (TCS), Infosys and HCLTech.

Elon Musk’s Tesla. The tariff, imposed last fall alongside U.S. measures, aimed to protect Canada’s emerging EV sector. However, retaliatory Chinese tariffs on Canadian agricultural exports, effective this week, have intensified pressure to recalibrate trade strategies.

There will be winners and losers as United States President Donald Trump shakes up the world order through tariffs and shifting military strategies, but one area poised to prosper is defence, says Jo Taylor, chief executive of the Ontario Teachers’ Pension Plan Board.

Tatiana Estevez was celebrating her fog water collection company Permalution securing money in a fundraising round and garnering support for a drinking water project, when it was all placed in jeopardy.

U.S. President Donald Trump’s rather erratic approach to trade policy once left room for hope that maybe his tariff threats were just that — threats — but as the April 2 deadline nears a harsher outlook is setting in.

Someone let the inflation genie out of the bottle again, and if you wish to send a thank you note, mail it to Washington, D.C.

Canada could soon face a recession that would extend throughout the rest of the year as United States President Donald Trump’s tariff war upends economies and trade around the world, according to a new analysis by Desjardins Group.

By Susan McArthur

Subscribe to enjoy similar stories. Attempts to build a global auto empire hark back to the 1910s and 1920s, when Henry Ford set up factories in Britain and Germany for the Model T, and General Motors responded by buying foreign carmakers. A century later, this ambition remains at risk of being run off the road.

Concacaf Nations League semi-finals will get underway on Thursday, March 20, with three-time reigning champion United States (USMNT) looking forward to its fourth consecutive final. The United States is pitted against Panama, while the other match will see Canada eying its first major trophy in nearly 25 years if at all it manages to overcome the challenge of Mexico.

World Happiness Report 2025 has delivered troubling news for the United States, placing the country at 24th place, its lowest rank ever. Just last year, the U.S. ranked 23rd, already an alarming position considering it stood at 15th in 2023. This downward trend reflects a growing sense of dissatisfaction, especially among young Americans. According to Gallup data used in the World Happiness Report, one key reason behind the U.S. decline is an increase in social isolation. More Americans are dining alone and reporting weaker social ties, which correlates with declining well-being. Young people under 30 have been particularly affected, with many feeling less supported by friends and family and reporting a lack of optimism about their financial future.

Canada's Foreign Minister Melanie Joly told reporters in Ottawa on Wednesday that China had executed four Canadian citizens in recent weeks, defying pleas from Ottawa for leniency. «We strongly condemn the executions that did happen against Canadians in China,» Joly said. She said she was unable to discuss details of the case due to privacy requests from the affected families. However, Beijing suggested on Thursday the Canadians had been convicted over narcotics offences, saying "… combating drug crimes is the common responsibility of all countries".