SCHD ETF News, 6/13/2025
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According to TipRanks' unique ETF analyst consensus, determined based on a weighted average of its holdings' analyst ratings, SCHD is a Moderate Buy. The Street's average price target of $29.83 implies an upside of 10.41%.
Currently, SCHD's five holdings with the highest upside potential are Kforce (KFRC), Halliburton (HAL), AMERISAFE, Inc. (AMSF), Interpublic Group of Companies (IPG), and Schlumberger (SLB).
Meanwhile, its five holdings with the greatest downside potential are Cf Industries Holdings (CF), Moelis (MC), Buckle (BKE), Ford Motor (F), and Carter's (CRI).
Revealingly, SCHD ETF's Smart Score is seven, implying that this ETF will likely perform in line with the market.
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Globe and Mail
an hour ago
- Globe and Mail
Bessent says U.S. close to several trade deals ahead of July 9 tariff deadline
The United States is close to clinching several trade deals ahead of a July 9 deadline when higher tariffs were due to kick in, U.S. Treasury Secretary Scott Bessent said on Sunday, predicting several big announcements in coming days. Bessent told CNN's State of the Union that President Donald Trump would also send out letters to 100 smaller countries with whom the U.S. doesn't have much trade, notifying them that they would face higher tariff rates first set on April 2 and then suspended until July 9. 'President Trump's going to be sending letters to some of our trading partners saying that if you don't move things along, then on August 1 you will boomerang back to your April 2 tariff level. So I think we're going to see a lot of deals very quickly,' Bessent told CNN. Since taking office, Trump has set off a global trade war that has upended financial markets and sent policy makers scrambling to guard their economies, including through deals with the U.S. and other countries. Analysis: With Liberation Day deadline approaching, Trump the dealmaker struggles to close Trump on April 2 announced a 10 per cent base tariff rate and additional amounts for most countries, some ranging as high as 50 per cent. The news roiled financial markets, prompting the U.S. President to suspend all but the 10 per cent base rate for 90 days – until July 9 – to allow more time for negotiations to secure deals. Bessent denied that Aug. 1 was a new deadline for negotiations. 'We are saying this is when it's happening. If you want to speed things up, have at it. If you want to go back to the old rate, that's your choice,' he told CNN. Kevin Hassett, who heads the White House National Economic Council, in an interview on CBS's Face the Nation program, offered some wiggle room for countries engaged in earnest negotiations. 'There are deadlines, and there are things that are close, and so maybe things will push back past the deadline,' Hassett said, adding that Trump would decide if that could happen. Stephen Miran, chairman of the White House Council of Economic Advisers, told ABC News' This Week program that countries needed to make concessions to get lower tariff rates. 'I hear good things about the talks with Europe. I hear good things about the talks with India,' Miran said. 'And so I would expect that a number of countries that are in the process of making those concessions ... might see their date rolled.' Bessent told CNN the Trump administration was focused on 18 important trading partners that account for 95 per cent of the U.S. trade deficit. But he said there had been 'a lot of foot-dragging' among countries in finalizing trade deals. He declined to name countries close to a trade agreement, 'because I don't want to let them off the hook.' Trump has repeatedly said India is close to signing a deal and expressed hope that an agreement could be reached with the European Union, while casting doubt on a deal with Japan. Thailand is making a last-ditch effort to avert a 36 per cent tariff by offering greater market access for U.S. farm and industrial goods, along with increased purchases of U.S. energy and Boeing jets, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday. India and the United States are likely to make a final decision on a mini trade deal in the next 24 to 48 hours, local Indian news channel CNBC-TV18 reported on Sunday, with average tariffs on Indian goods shipped to the U.S. to be 10 per cent, it said. Hassett told CBS News that framework agreements already reached with Britain and Vietnam could provide guidelines for other countries seeking trade deals with Washington. He also said Trump's pressure was prompting many countries to move production to the United States. Miran called the Vietnam deal 'fantastic.' 'It's extremely one-sided. We get to apply a significant tariff to Vietnamese exports. They're opening their markets to ours, applying zero tariff to our exports.' Trump on Friday said countries not offering concessions could see their tariff rates spike up to 70 per cent, but offered no details. Bessent, asked about the 70 per cent rate, referred back to the April 2 list, which did not include rates that high.
CTV News
an hour ago
- CTV News
Short provincial funding, Amherstburg mulls park plans
After missing out on provincial funding, the Town of Amherstburg will look at potentially scaling back plans for a redeveloped Centennial Park. A report headed to council on July 14 outlines five options to develop the park under new cost constraints. The news was 'upsetting' to Molly Allaire, a town councillor, who said she is receiving 'mixed reviews' about which option is ideal for the space. 'If you are fully redeveloping Centennial Park, it is a paved parking lot, a pathway around, multipurpose courts. We're essentially trying to get all the amenities that we did once have here back, which is ideal, just expensive,' Allaire said. Without the funding, Alaire noted council will go 'back to the drawing board' to decide a path forward. Options being presented to council include building: One tennis court and one multi-use court Two tennis courts Two multi-use courts An accessible pathway around the park Half of a paved parking lot Centennial Park Amherstburg Centennial Park seen in Amherstburg, Ont. on July 6, 2025. (Robert Lothian/CTV News Windsor) In August 2024, the province announced a $200 million recreation fund to help repair and build parks and sporting facilities. As the program only paid up to 50 per cent of a project, the town has already earmarked $530,000 for the construction. While Allaire wasn't ready to share her preferred option, the councillor noted many residents have been interested in building the pathway. 'We have a long-term facility coming in. We have the seniors; we have the hub. It makes a lot of sense,' Allaire noted. She added there's also been significant support for a multi-use court to appeal to youth in the area and at nearby schools. 'So unfortunately, this was a $1 million idea, we only have 500,000 now, so what do we do?' she added. In future, Allaire said they could look to other government grants to add to the park. She encouraged interested residents to sign up to speak at the July 14 meeting or create a written submission for council.
CBC
2 hours ago
- CBC
Trump's global tariff pause is supposed to expire Wednesday. What's at stake for Canada?
U.S. President Donald Trump's three-month pause on his sweeping global tariffs is set to expire in just a few days. Ahead of the deadline, some trade experts say Canada still faces big risks, despite avoiding that round of levies back in April. "What the president needs is a bunch of wins by July 9 because he needs to show that his strategy is working," said Inu Manak, a fellow for trade policy at the Council on Foreign Relations, during an interview with CBC's The House that aired Saturday. On April 2, Trump held up a list in the Rose Garden of the White House and announced what he called "reciprocal tariffs" on more than 150 countries, including China and the European Union. The rates for individual countries on the list varied from 10 per cent to more than 40 per cent. Canada wasn't on that list, though other tariffs Trump had previously imposed on Canadian goods remained. One week after he unveiled the list, the president backed down and said he would freeze the global tariffs for 90 days to allow each country to negotiate deals with his administration. The problem for Canada is Trump hasn't closed many deals in those 90 days, Manak said. So far, the U.S. has reached agreements with Britain and Vietnam. Negotiations with other top markets like China, India, the European Union and Japan are ongoing. "If we don't see a lot of deals coming out of this, what we're likely to see is [Trump] to get more agitated and ask for more concessions from the countries that he knows he can push a little harder," Manak said. "So I think for Canada, that would be a very bad situation." Carlo Dade, international policy director at the University of Calgary's School of Public Policy, told CBC News "there's a risk every day of the week that [Trump] decides to come after Canada. That is not an exaggeration." "We're open to this potential as long as the president has unrestrained power to implement tariffs whenever, wherever, however he wants," he said. Trump used a law called the International Emergency Economic Powers Act (IEEPA) to apply the worldwide tariffs and his earlier fentanyl tariffs on Canada and Mexico. The law is intended to address "unusual and extraordinary" threats during national emergencies. In late May, the New York-based U.S. Court of International Trade ruled Trump exceeded his authority by invoking IEEPA. The White House swiftly appealed and a federal appeals court allowed IEEPA tariffs to remain in effect while it reviewed the decision. WATCH | Europe gets a reprieve on tariffs: Trump delays tariff threat on EU to July 1 month ago Duration 2:52 U.S. President Donald Trump says he will delay his 50 per cent tariff on imports from the European Union until July 9 after a weekend phone call between Trump and European Commission President Ursula von der Leyen. Manak said another challenge is Trump isn't facing political consequences for his tariffs right now — and no major economic fallout, either. "Right now, he's kind of sitting at a point where he feels he can kind of get away with maintaining the pressure that exists. And that pressure is enough to get other countries to the table," she said. At a White House news conference at the end of June, Trump told reporters the U.S. "can do whatever we want. We could extend [the July 9 deadline]. We could make it shorter. I'd like to make it shorter." On Sunday, U.S. Treasury Secretary Scott Bessent suggested the July 9 deadline is being pushed back by about a month. He said on CNN's State of the Union the Trump administration would send letters to trading partners "saying that if you don't move things along, then on Aug. 1 you will boomerang back to your April 2 tariff level." "So I think we're going to see a lot of deals very quickly," Bessent told host Dana Bash. Is there opportunity for Canada? Fen Osler Hampson, co-chair of the Expert Group on Canada-U.S. Relations at Carleton University, said Canada could leverage the economic uncertainty from Trump's tariffs and "put the pedal to the metal" to expand trade with European and Asian allies. Hampson added that Canada already has good trading relationships with those regions through the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). With U.S. tariffs, Hampson said those countries are "going to be looking for other market opportunities, both to sell and buy. I think our challenge is to get serious and to realize the real dividends that can come from those two major regional trading agreements." WATCH | Trump isn't pleased with taunts of 'chickening out' on trade: Does Trump 'always chicken out' on tariffs? 1 month ago Duration 5:34 Investors are poking fun at U.S. President Donald Trump's on-again, off-again tariff threats, calling it 'TACO' trade — which stands for 'Trump Always Chickens Out.' When asked about the term, Trump called it a 'nasty question.' CBC's Katie Simpson reports. Diversifying Canada's trading partners is one of Prime Minister Mark Carney's top goals — and a key objective for International Trade Minister Maninder Sidhu. "I think Canada has a lot to offer and we should be screaming that at the top of our lungs," Sidhu told CBC's The House in an interview that aired Saturday. Canada has already deepened its trade relationships with countries such as Ecuador and the United Arab Emirates since Carney and Sidhu came into office. But key markets that could make a big dent in easing Canada's reliance on U.S. trade — like the U.K., India and China — are thornier due to fraught diplomatic relationships and other irritants. Colin Robertson, a former Canadian diplomat and vice-president at the Canadian Global Affairs Institute, agreed that Canada can do more trade with other countries, but added a note of caution: businesses, not governments, are the only ones who can decide which companies they trade with. "Ultimately, business has to see a business opportunity," Robertson said, adding that the U.S. continues to be the market with the easiest access for Canadian businesses. On The House, Sidhu told guest host Janyce McGregor that Canadian businesses were indeed comfortable dealing with the U.S., but now they're asking him to help facilitate access to more countries. Canada-U.S. trade talks Carney and Trump continue to negotiate a Canada-U.S. trade deal, after setting a deadline of July 21. Hampson said the deadline helps Canada hold the Americans' attention as the Trump administration negotiates with other countries. Canada and U.S. restarted negotiations Monday morning, Carney says 6 days ago Duration 1:15 Prime Minister Mark Carney says he had a 'good' conversation with U.S. President Donald Trump on Sunday, and that the two leaders will keep working to reach a deal by July 21. The federal government scrapped the digital services tax over the weekend after Trump paused all trade talks. The Americans also have an interest in getting a deal done soon, Robertson said. "If [the Americans] can't do it with Canada, their ally and their partner, it's much harder to do with Mexico, much harder with China," he said. "We should be the lowest of the hanging fruit from the American perspective." Trade discussions hit a roadblock in late June when Trump announced he would walk away from the negotiating table over Canada's digital services tax. The federal government scrapped the tax a few days later and discussions got back on track. Robertson said he's a bit skeptical about how far Canada will get with the U.S. by July 21, but adds that Trump enjoys declaring victory even if the agreement is "only 80 per cent of the way there." "Would we settle for 80 per cent? Be basically there and leave the rest to be cleaned up? I think so," he said. "Because if Trump's taken his eye off it and says it's basically there, then that's sufficient from where we're coming from."
