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The Market Online
3 hours ago
- Business
- The Market Online
Market Open: New Tariff Proposal Rises TSX Futures
Canada's main index futures rose slightly Tuesday as investors reacted to President Trump's latest tariff plans and an approaching deadline for new trade deals. Market Numbers (Futures) TSX : Up ( 0.20%) 27,074.33TSXV: Up (0.32%) 757.62DOW: Down (0.03%) 44,667.00NASDAQ: Up (0.24%) 22,940.00 FTSE: Up (0.19%) 8,822.84 In the Headlines: A large shareholder of Dye & Durham Ltd. is pushing the company to put itself up for sale and seeking changes to its board of directors. And The Conference Board of Canada expects wage hikes will pick up speed in the coming years as the pace of population growth slows down. Currencies Update: (Futures) The Canadian dollar is higher this morning standing at $0.7336 U.S, glowing green on the Euro by 0.11% to $0.6255 and Bitcoin sneaks in 0.22% to CDN$148,602.94 Commodities: (Futures) Natural Gas: Down (0.68%), 3.39WTI: Down (0.09%), 67.87Gold: Down (0.25%), 3,327,66 Copper: Up (0.10%) 6.16 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Cision Canada
a day ago
- Business
- Cision Canada
Canada's Economic Outlook Clouded by Uncertainty Français
OTTAWA, ON, July 7, 2025 /CNW/ - The Canadian economy is set to face further headwinds as uncertainty surrounding U.S. trade policies continues to weigh on business and consumer confidence, according to new research from The Conference Board of Canada. GDP is forecast to increase by 1.5 per cent in 2025. "The economy outperformed expectations in the first quarter of 2025, but the momentum is quickly fading," said Cory Renner, Associate Director, Economic Forecasting at The Conference Board of Canada. "Trade disputes are casting shadows over multiple sectors of the economy and are expected to dampen growth throughout the remainder of the year." Canada's housing market remains under intense pressure. Nervous buyers, elevated consumer debt, poor affordability, and weakening population growth are dampening an already cooling market. Government initiatives, including the federal government's promise of the new Build Canada Homes agency, will help, though only modestly. Looking ahead, a projected quarter-point interest rate cut in the latter half of the year will provide some additional relief. The United States economy is losing momentum. Following two years of exceptional growth, the U.S. economy contracted slightly in the first quarter of 2025, for the first time since the beginning of 2022. Weakening consumer and business confidence, rising unemployment, and accelerating inflation, driven by the recent trade and immigration policies, are all dragging on economic activity. Growth is projected to slow to 1.4 per cent in 2025 before improving slightly to 1.5 per cent in 2026. Given the trade conflict between Canada and the United States, Canada's trade sector is in for a rough ride. While Canadian exporters have turned to new markets with some success, these gains are insufficient to offset the sharp decline in exports from our largest trading partner. Import growth will also be held back as Canadians and businesses rein in spending. Canada's labour market is showing signs of weakness. Fragile business sentiment is dampening hiring plans, slowing job growth and pushing the unemployment rate upwards. The effects of the federal government's 2024 migration policy changes are also beginning to take hold, with employment growth outpacing labour force growth in the first quarter of 2025. Business investment is expected to suffer, with concerns over the Canada-U.S. trade relationship keeping spending subdued. Targeted policy measures aimed at making Canada a more attractive place to invest could help boost capital spending and offer some much-needed support. However, ongoing uncertainty in the electric vehicle space is adding downside risk to the forecast. About The Conference Board of Canada The Conference Board of Canada is the country's leading independent research organization. Since 1954, The Conference Board of Canada has been providing research that supports evidence-based decision making to solve Canada's toughest problems. Follow The Conference Board of Canada on X @ConfBoardofCda. For more information on our impact, please visit the link here.
Cision Canada
24-06-2025
- Business
- Cision Canada
Building a Future-Ready Trade Infrastructure Network
OTTAWA, ON, /CNW/ - To build a future-ready trade infrastructure network, Canada must develop a long-term strategy and invest in transformative trade infrastructure projects, according to new research from The Conference Board of Canada. "With global markets shifting and an increasingly volatile global climate, Canada's trade infrastructure stands at a critical juncture," said Susan Black, Chief Executive Officer of The Conference Board of Canada. "Addressing today's challenges requires a strategic, systems-level approach that aligns regional objectives and lays the foundation for sustained global competitiveness." Canada's trade performance has been falling for decades. From 2004 to 2024, volumes of energy and services exports grew by 75 per cent and 90 per cent respectively, while volumes of goods exports rose by a comparatively weak 7 per cent. Our infrastructure investments have not kept pace with the evolving demands of an increasingly complex global trade environment. "Canada has an opportunity to redefine its trade corridors and build an infrastructure network that is both resilient and future-oriented," said Babatunde Olateju, Director of Sustainability at The Conference Board of Canada. "However, this will not be achieved through standalone, isolated projects - it calls for coordinated efforts and a shared vision that accounts for both federal and provincial-territorial priorities." Diversification will be central to Canada's forward-looking vision. While the United States remains Canada's largest trading partner, opportunities in Europe and Asia are emerging and require infrastructure investment to facilitate new trade corridors and new product markets in areas such as critical minerals and hydrogen. Already, collaborative efforts between governments and private industry are advancing transformative projects. Not only are these partnerships crucial for deploying new technologies, but also for generating trade infrastructure projects within broader developmental strategies. To fully unlock the benefits of these efforts, Canada must also broaden its focus beyond the primary trade network. While considerable focus has been directed toward building capacity at major ports (e.g. the Port of Vancouver) and the mainline rail network, secondary regional infrastructure remains overlooked. Tapping into these systems could enhance the efficiency and resilience of trade networks. Canada has several examples, at various stages of readiness, of trade infrastructure projects that advance federal and provincial–territorial strategic objectives in trade and trade infrastructure. These transformative trade infrastructure projects exemplify the long-term vision for the future of the trade network. With seismic shifts in the economic and geopolitical landscape, Canada should adopt a mission-critical approach to trade diversification and infrastructure deployment. However, pace should be balanced with prudence. Meaningful consultations with Indigenous rights holders and other communities will be indispensable to our success. Overall, for Canada to seize trade opportunities in the coming years, it must embrace a unified, future-oriented vision. Aligning federal and provincial efforts, while deepening public-private partnerships, will be essential to developing a trade network that is well-equipped to meet the demands of today and tomorrow. About The Conference Board of Canada The Conference Board of Canada is the country's leading independent research organization. Since 1954, The Conference Board of Canada has been providing research that supports evidence-based decision making to solve Canada's toughest problems. Follow The Conference Board of Canada on Twitter @ConfBoardofCda.
Cision Canada
04-06-2025
- Business
- Cision Canada
Provincial Economies Hampered by Lower Immigration and Consumer Confidence Français
OTTAWA, ON, June 4, 2025 /CNW/ - Although inflation has improved and monetary policy has become less restrictive, growth prospects for the provinces have been significantly weighed down by trade disruption, according to new research from The Conference Board of Canada. "While consumers are benefiting from lower inflation and eased borrowing costs, consumer confidence has been at record lows this year," according to Richard Forbes, Principal Economist at The Conference Board of Canada. "Similarly, despite tariffs being paused or scaled back by the U.S. administration, business confidence has decreased and will take time to recover." Alberta's economy remains vulnerable to resource-driven uncertainty and will see a small decline in business investment this year, primarily due to lower oil prices. However, the province is expected to see strong gains in employment, helping real GDP to increase 1.4 per cent in 2025 and a further 2.2 per cent in 2026. Saskatchewan is highly exposed to Chinese tariffs hitting the agricultural sector, though the medium-term outlook for the province is supported by potash and uranium mining. Economic growth is expected to slow to 1.4 per cent in 2025 and a further 2.4 per cent in 2026. Newfoundland and Labrador's export sector will contribute to growth thanks to rising oil output. However, it will be the only province to see a decline in employment, largely due to a weak demographic outlook. Real GDP is forecast to increase 1.2 per cent in 2025 and a further 1.6 per cent in 2026. British Columbia is expected to see strong gains in consumer spending supported by strengthening interprovincial migration, which will provide a partial counterbalance to weaker international migration. Real GDP in the province is anticipated to grow by 1.1 per cent in 2025 and an additional 1.7 per cent in 2026. Manitoba is expected to see continued population and employment growth in the coming years. This, along with a drought-free agricultural season and a healthy construction sector could offset weakness in other sectors. Real GDP is expected to increase 1.1 per cent in 2025 and a further 1.9 per cent in 2026. Nova Scotia will be negatively impacted by slower international migration, which coupled with a limited inventory of major projects will limit real GDP growth to 1.0 per cent in 2025 before increasing a further 1.4 per cent in 2026. Ontario's economy is heavily exposed to tariffs on auto and steel manufacturers. It will, however, be one of the few provinces that sees growth in residential investment. Real GDP is expected to increase by 0.8 per cent in 2025 and an additional 2.1 per cent in 2026. Prince Edward Island is anticipated to lead the country in employment growth and will see strong housing investment. Real GDP will grow by 0.7 per cent in 2025 and an additional 1.7 per cent in 2026. Investment growth in New Brunswick is expected to remain weak in the coming years, while the province will also see a contraction in population, in large part due to cuts in permanent and temporary immigration streams. Real GDP is expected to grow just 0.6 per cent this year, before increasing an additional 1.4 per cent in 2026. Hampered by weak business investment, aluminum tariffs and unfavourable demographics, Quebec's economy is forecast to grow by just 0.6 per cent in 2025 and a further 1.6 per cent in 2026. About The Conference Board of Canada The Conference Board of Canada is the country's leading independent research organization. Since 1954, The Conference Board of Canada has been providing research that supports evidence-based decision making to solve Canada's toughest problems. Follow The Conference Board of Canada on X @ConfBoardofCda. For more information on our impact, please visit the link here.
Associated Press
04-06-2025
- Business
- Associated Press
Provincial Economies Hampered by Lower Immigration and Consumer Confidence
OTTAWA, ON, June 4, 2025 /CNW/ - Although inflation has improved and monetary policy has become less restrictive, growth prospects for the provinces have been significantly weighed down by trade disruption, according to new research from The Conference Board of Canada. 'While consumers are benefiting from lower inflation and eased borrowing costs, consumer confidence has been at record lows this year,' according to Richard Forbes, Principal Economist at The Conference Board of Canada. 'Similarly, despite tariffs being paused or scaled back by the U.S. administration, business confidence has decreased and will take time to recover.' Alberta's economy remains vulnerable to resource-driven uncertainty and will see a small decline in business investment this year, primarily due to lower oil prices. However, the province is expected to see strong gains in employment, helping real GDP to increase 1.4 per cent in 2025 and a further 2.2 per cent in 2026. Saskatchewan is highly exposed to Chinese tariffs hitting the agricultural sector, though the medium-term outlook for the province is supported by potash and uranium mining. Economic growth is expected to slow to 1.4 per cent in 2025 and a further 2.4 per cent in 2026. Newfoundland and Labrador's export sector will contribute to growth thanks to rising oil output. However, it will be the only province to see a decline in employment, largely due to a weak demographic outlook. Real GDP is forecast to increase 1.2 per cent in 2025 and a further 1.6 per cent in 2026. British Columbia is expected to see strong gains in consumer spending supported by strengthening interprovincial migration, which will provide a partial counterbalance to weaker international migration. Real GDP in the province is anticipated to grow by 1.1 per cent in 2025 and an additional 1.7 per cent in 2026. Manitoba is expected to see continued population and employment growth in the coming years. This, along with a drought-free agricultural season and a healthy construction sector could offset weakness in other sectors. Real GDP is expected to increase 1.1 per cent in 2025 and a further 1.9 per cent in 2026. Nova Scotia will be negatively impacted by slower international migration, which coupled with a limited inventory of major projects will limit real GDP growth to 1.0 per cent in 2025 before increasing a further 1.4 per cent in 2026. Ontario's economy is heavily exposed to tariffs on auto and steel manufacturers. It will, however, be one of the few provinces that sees growth in residential investment. Real GDP is expected to increase by 0.8 per cent in 2025 and an additional 2.1 per cent in 2026. Prince Edward Island is anticipated to lead the country in employment growth and will see strong housing investment. Real GDP will grow by 0.7 per cent in 2025 and an additional 1.7 per cent in 2026. Investment growth in New Brunswick is expected to remain weak in the coming years, while the province will also see a contraction in population, in large part due to cuts in permanent and temporary immigration streams. Real GDP is expected to grow just 0.6 per cent this year, before increasing an additional 1.4 per cent in 2026. Hampered by weak business investment, aluminum tariffs and unfavourable demographics, Quebec's economy is forecast to grow by just 0.6 per cent in 2025 and a further 1.6 per cent in 2026. About The Conference Board of Canada The Conference Board of Canada is the country's leading independent research organization. Since 1954, The Conference Board of Canada has been providing research that supports evidence-based decision making to solve Canada's toughest problems. Follow The Conference Board of Canada on X @ConfBoardofCda. For more information on our impact, please visit the link here. SOURCE Conference Board of Canada
