Latest news with #AGFInvestments
Yahoo
07-07-2025
- Business
- Yahoo
Why Trump's 'July 9' tariff deadline appears to be more like Aug. 1 (or even Labor Day)
Donald Trump's trade plans are likely to be significantly clearer by the end of this week, with the president announcing early Monday that "UNITED STATES TARIFF Letters" will begin being delivered at 12 noon ET today and his team promising several new agreements by the end of the week. But an array of parallel comments from the president on down have also underlined to markets that this week is unlikely to provide finality on the Trump trade agenda. That's because even as Trump talks about being largely "done" on July 9, trade talks appear primed to continue unabated in the weeks ahead as his team acknowledges that ambitious early plans to finalize an wide array of trade deals around the world by this week haven't panned out. "The financial markets, understandably, may be confused," Greg Valliere of AGF Investments noted in a letter to clients, adding: "Get used to this." That confusion comes as Treasury Secretary Scott Bessent reiterated Sunday that countries could see tariffs "boomerang back to your April 2 tariff level," but that they apparently will have additional weeks to negotiate before any duties actually change on Aug. 1. Trump himself revealed this actual Aug. 1 deadline last week. "They'll start to pay on Aug. 1," he told reporters Friday of his still-to-be unveiled letters. "The money will start to come into the United States on Aug. 1." The situation is similar as negotiations with major trading partners continued and those negotiations are primed to see some combination of a letter or a deal this week — but again with finality unlikely. At least one Trump aide offered a signal Sunday that talks won't be ending when Stephen Miran, chair of Trump's Council of Economic Advisers, said on ABC's "This Week" that if a country is negotiating in good faith "but the deal is just not there yet because it needs more time, my expectation would be that those countries get the date rolled." Other aides have offered similar messages with Secretary Bessent previously talking about having trade issues "wrapped up by Labor Day" and Trump reminding "we can do whatever we want." And Trump has continued to bring in other issues into the trade talks, such as an announcement Monday morning that he planned to use a 10% tariff to dissuade nations from lining up against him through an intergovernmental organization comprising 10 countries known as BRICS. The push for deals this week also comes after Trump has scored a series of wins in recent weeks that could strengthen his hand. They range from signing his megabill into law to muted signs of tariff inflation thus far to increased influence overseas that led to a recent spending hike at NATO. But trade has proved more difficult. Trump has announced framework agreements so far with the likes of the United Kingdom and Vietnam, but other deals with key trading partners such as the European Union, India, Japan, and others and more are very much up in the air. Trump has lessened tensions with China and negotiations there — between the world's two largest economies — are now facing a separate early August deadline. As for what it means for markets, the effects of continued uncertainty could be muted. Capital Economics' Thomas Matthews wrote Monday morning that "despite the uncertainty about tariffs, we continue to expect US markets — especially equities and the dollar — to rally." The economic effects of tariffs — so far at least — have proven less dramatic on inflation. And traders have become less reactive to Trump trade pronouncements, noting he has proven to blink in the face of economic turmoil and often changes his mind later anyway. As Edward Yardeni, the President of Yardeni Research, put it in a recent note: "In recent weeks, many investors bought stocks as they stopped panicking over Trump's trade war." Ben Werschkul is a Washington correspondent for Yahoo Finance. Click here for political news related to business and money policies that will shape tomorrow's stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
04-07-2025
- Business
- Mint
TSX notches weekly gain to extend record-setting run
TSX ends up 0.01% at 27,036.16 For the week, the index adds 1.29% Real estate group rises 1.9% as bond yields fall Toronto-area home sales rise for third month July 4 - Canada's main stock index eked out another all-time high on Friday, led by gains for the real estate and consumer staples sectors as long-term borrowing costs fell. The S&P/TSX composite index ended up 1.9 points, or 0.01%, at 27,036.16, eclipsing Thursday's record closing high. For the week, the index was up 1.29%, while it has advanced 9.33% since the start of the year. "The TSX just continues to grind higher and all the stuff that you want to see working in that benchmark still continues to work," said Mike Archibald, a portfolio manager at AGF Investments, pointing to recent strength for the heavily weighted bank stocks, as well as for the materials group, which includes gold mining shares. Volumes were lower than usual, with U.S. markets closed for the Independence Day holiday. "A lot of the stuff that we were hoping to see a couple of months ago we're now starting to see it. You obviously got the tax bill through in the U.S," Archibald said. U.S. President Donald Trump was scheduled to sign a massive package of tax and spending cuts into law at a ceremony at the White House, one day after the Republican-controlled House of Representatives narrowly approved the legislation. The real estate group rose 1.9% as the Canadian 10-year yield eased 4.1 basis points to 3.353% and after data showed Toronto-Area home sales rising for a third straight month in June. Consumer staples was up 0.4%. Four of the ten major sectors ended lower, including technology, which dipped 0.3%, and energy. Energy was down 0.2% as U.S. crude oil futures fell 0.75% to $66.50 a barrel ahead of an expected OPEC output increase. Canada's federal government has not been presented with any private sector proposal to build a new crude pipeline to the Pacific coast, the country's Natural Resources Minister Tim Hodgson said. This article was generated from an automated news agency feed without modifications to text.
Yahoo
25-06-2025
- Business
- Yahoo
AGF Investments Announces Risk Rating Change
TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- AGF Investments Inc. (AGF Investments) today announced a risk rating change for the following fund effective today. Fund Name Previous Risk Rating Revised Risk Rating AGF North American Small-Mid Cap Fund Medium Medium-High The changes are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. No material changes have been made to the investment objective, strategy or management of the fund. About AGF Management Limited Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm's collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations. Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B. About AGF Investments AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs. AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services. AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada. This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Media Contact Amanda MarchmentDirector, Corporate
Yahoo
12-06-2025
- Business
- Yahoo
Strategist sees 'tight labor market' as a dominant theme of 2025
The latest economic data showed inflation rose less than expected in May, which could change the Federal Reserve's calculus on its next rate change as the central bank balances its dual mandate of stable prices and maximum employment. AGF Investments chief US policy strategist, Greg Valliere, joins Morning Brief with Brad Smith and Madison Mills to discuss what he believes to be a tightening labor market. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. as we're thinking through what would need to be and what could be playing out at that point, both on the inflation front, but then additionally on the other side of the Fed's mandate on the employment front as well. What should we be expecting the the trends to lock in at on unemployment, given what a lot of businesses are saying and signaling in that they're trying to figure out how much they should be hiring, how much they feel comfortable hiring, know that knowing that they're still looking for answers on the macroeconomic and tariff policy front. That's a really good question. I think we have to wait probably until fall to see how the labor market is. You just get the sense that the economy is softening. It's not decisively softening, but it looks a little weaker. And if the if urban unrest spreads from LA to Chicago to Atlanta, that doesn't help. Uh so I I would say that the the likelihood is growing that the next move will be fed uh by the Fed to uh to cut rates, but I still think it's a few months away. Craig, I want to ask you about some of the policy impact for the unemployment rate that could be driven by some of the immigration policy of this administration. We're obviously seeing this playing out in LA right now. To what degree are you concerned about further cracks in the labor market off the back of the administration's hostility towards immigrants? Frankly, I'm surprised people don't discuss this more in in many areas of the country, especially California, there still is an acute shortage of labor. I have a lot of friends in California. They can't find anyone to fix their roof or do all sorts of things, uh because the labor market is tight. And considering all the unrest we've seen this week, the labor market might even get tighter. Uh this will dissuade people from coming illegally to the US and might prompt some of them to go back to where they came from. So a really tight labor market, I think is another big factor that I think will become more dominant over the next few months. What are the what are the sectors that we would have to see that in, especially thinking through the non-farm payrolls print and and for the amount of positions that even wouldn't show wouldn't even show up in that print because it is non-farm payrolls. And we know how many of those roles as well rely upon uh either undocumented immigrants or people who are just trying to make sure that they are going through the process, but still waiting on those opportunities to solidify citizenship. I again, I think we need more time. I know that this has been the mantra from the Fed chairman and I think he'll still make this is mantra. I think it's next week when he uh testifies again. So it it we still have a ways to go to definitively say the labor market is starting to turn around, but I to me, the labor market looks like it's softening. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Strategist sees 'tight labor market' as a dominant theme of 2025
The latest economic data showed inflation rose less than expected in May, which could change the Federal Reserve's calculus on its next rate change as the central bank balances its dual mandate of stable prices and maximum employment. AGF Investments chief US policy strategist, Greg Valliere, joins Morning Brief with Brad Smith and Madison Mills to discuss what he believes to be a tightening labor market. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
