North American stocks rally as Trump odds boost markets
Global indices climbed with the S P 500 and Dow hitting records while the S P TSX rose to a new high. Traders credited cooling inflation and rising Trump odds for re election, with finance and energy sectors leading gains amid hopes for lighter regulation under a Republican administration.
MENTIONED IN THIS ARTICLE
North American
U.S
Donald Trump
White House
New York
Federal Reserve
Trump
Stephen Duench
AGF Investments Inc
Duench
US Fed hints at rate cuts while Canada boosts energy stocks
The TSX led gains as Canada’s energy sector outperformed with a 1.79 percent rise amid overexposure to financials and energy. Powell signaled the Fed may cut rates before inflation hits two percent, keeping investors hopeful yet cautious about the timing and data needed. Market watchers eye Jackson Hole for policy color as earnings season unfolds. The loonie traded at 73.19 US cents, with oil at 81.91 a barrel and copper at 4.53 a pound.
MENTIONED IN THIS ARTICLE
Canada
TSX
S&p
Duench
U.S. Federal Reserve
Jerome Powell
Bank of Canada
Fed
Wall Street
Federal Reserve
Central Bank
Jackson Hole
Wyo
Stelco to be acquired by Cleveland Cliffs in 3.4B deal
Stelco Holdings says it will sell all shares for 70 per share to Ohio's Cleveland Cliffs, in a 3.4 billion transaction. Stelco keeps HQ in Hamilton, maintains Canadian jobs and management, and Cliffs aims to complete the deal in Q4 2024.
MENTIONED IN THIS ARTICLE
Hamilton
Stelco Holdings Inc
Cleveland-Cliffs Inc
Cleveland-Cliffs
North America
Cliffs
Stelco
Canada
Alan Kestenbaum
Cleveland Cliffs
Laurence Goncalves
Kestenbaum
U.S. Steel
America
United Steelworkers International
David McCall
China
Canada Natural fined for wildlife deaths at tailings pond
Alberta regulator fines Canadian Natural Resources Ltd 278000 after hundreds of birds and predators like coyotes and wolves were exposed to toxins at a tailings pond island. Birds nested on the island, birds died or were euthanized, and predators crossed water to reach the site before deterrents and fencing were added.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta Energy Regulator
Canadian Natural Resources Ltd
CNRL
Canadian Natural
Julie Woo
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Amanda Stephenson
Canadian Press
the Canadian Press
Japan
Nippon Steel
Committee On Foreign Investment
United States
Inter-Agency
Ontario
Lake Erie Works
Hamilton Works
National Bank
Max
Im Lytcher
Nippon
NAFTA
Canada Natural
Bob Weber
Business TV
CNBC
CNN
CPAC
Erin Burnett
Jake Tapper
Anderson Cooper
Travis Dhanraj
The
Chronicle-Journal
Thunder Bay
Thunder Bay Community Auditorium
the Chronicle-Journal
Cumberland Street
Chronicle Journal
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