Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23

Barrons.com
DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’
The SEC charges the company’s auditing firm BF Borgers CPA and its owner Benjamin Borgers with ‘massive fraud.’
The Canadian Press
TD worst-case scenario more likely after drug money laundering allegations: analyst
TORONTO — TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. National Bank analyst Gabriel Dechaine said in a note that the worst-case scenario of the multiple U.S. investigations TD faces needs reassessing after the Wall Street Journal reported the link on Thursday. The newspaper said the U.S. Justice Department investigation is focused o
Reuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
Yahoo Finance Canada
Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices
"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."
Bloomberg
Trump Media’s Accounting Firm Accused of Fraud, Fined $14 Million
(Bloomberg) -- The Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of massive fraud affecting hundreds of companies and more than 1,500 regulatory filings.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventTrump Auditions VP Picks Before Wealthy Donors in Palm BeachTurkey Confirms All Trade Halt W
The Independent
Accounting firm used by Trump Media hit with ‘massive fraud’ charge
Fraud alleged to have impacted upwards of 500 public companies, according to Securities and Exchange Commission
Reuters
Bank of Canada closer to being able to cut rates, Macklem says
OTTAWA (Reuters) -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.
Reuters
Canadian dollar rebounds as Fed keeps rate cuts on the table
The Canadian dollar strengthened against its U.S. counterpart on Wednesday, clawing back some of the previous day's sharp decline, as the Federal Reserve's signaling about prospects for interest rate cuts was not as hawkish as some investors had feared. The loonie was trading 0.5% higher at 1.3710 to the U.S. dollar, or 72.94 U.S. cents, after it touched intraday on Tuesday an 11-day low at 1.3784. The currency has been pressured in recent weeks by a wider gap between U.S. and Canadian yields as investors anticipated a delayed start to Fed rate cuts.
Financial Post
Killer TD variable rate mortgage could be sign of better deals to come
Robert McLister: Offer is 101 basis points lower than Canada's benchmark prime rate of 7.2%, but bank appears to be playing coy with this sizzling discount
The Canadian Press
TD Bank hit with $9.2M penalty after failing to report suspicious transactions
TORONTO — Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S. The penalty by the Financial Transactions and Reports Analysis Centre of Canada, or Fintrac, comes after it imposed a $7.5-million fine against RBC and a $1.3-million fine against CIBC, both of which were announced in December. Those penalties were also
Yahoo Finance Canada
Air Canada shares plunge as wider loss, slowing travel demand weigh
The Montreal-based airline reported an adjusted net loss of $96 million, or 27 cents per share, more than the seven cents per share loss that analysts had expected.
The Motley Fool
How Much Will Bank of Nova Scotia Pay in Dividends This Year?
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The Motley Fool
My Top 2 Canadian AI Stocks to Buy in May
Shopify (TSX:SHOP) and another tech firm that's innovating on the front of generative AI technology! The post My Top 2 Canadian AI Stocks to Buy in May appeared first on The Motley Fool Canada.
Simply Wall St.
Cenovus Energy Inc. Just Beat EPS By 36%: Here's What Analysts Think Will Happen Next
Cenovus Energy Inc. ( TSE:CVE ) investors will be delighted, with the company turning in some strong numbers with its...
The Motley Fool
3 No-Brainer Copper Stocks to Buy With $200 Right Now
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The Motley Fool
It’s Currently 8.7%, but Is BCE’s Dividend Safe?
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The Canadian Press
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of roughly 5.3%. Several hotter-than-expected reports on prices and economic growth have recently undercut the Fe
The Canadian Press
Air Canada pins hopes on business travellers after profits fall
MONTREAL — Canadian airlines have enjoyed a two-year boom amid consumer hunger for post-pandemic travel. But as that pent-up demand recedes, the country's largest carrier hopes to ramp up ticket sales to corporate customers instead. Until recently, the travel surge that followed COVID-19 restrictions failed to reach the business world, where pandemic habits of video conferencing and remote work proved tough to shake. But Air Canada, which reported a first-quarter earnings loss on Thursday — and
Financial Post
Tiff Macklem defends Bank of Canada's two per cent inflation target
Senators questioned whether central bank could raise the target to give Canadians relief on high mortgage rates
Reuters
Canadian dollar forecasts trimmed by analysts as BoC moves closer to rate cuts: Reuters poll
The Canadian dollar is set to strengthen less than previously expected over the coming year as the Bank of Canada makes progress on taming inflation and will likely begin cutting interest rates ahead of the Federal Reserve, a Reuters poll found. According to the median forecast of nearly 40 foreign exchange analysts in the April 29-May 2 poll, the loonie will strengthen 0.7% to 1.36 per U.S. dollar, or 73.53 U.S. cents, in three months, compared to 1.34 in last month's poll. "In the near term, I think there are going to be some headwinds," said Bipan Rai, global head of FX strategy at CIBC Capital Markets.

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STOCKS SURGE AFTER U.S. JOBS PRINT, APPLE RESULTS

Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23

Latest Stories

DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’

TD worst-case scenario more likely after drug money laundering allegations: analyst

US stands to lose Canadian natural gas when LNG Canada terminal starts up

Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices

Trump Media’s Accounting Firm Accused of Fraud, Fined $14 Million

Accounting firm used by Trump Media hit with ‘massive fraud’ charge

Bank of Canada closer to being able to cut rates, Macklem says

Canadian dollar rebounds as Fed keeps rate cuts on the table

Killer TD variable rate mortgage could be sign of better deals to come

TD Bank hit with $9.2M penalty after failing to report suspicious transactions

Air Canada shares plunge as wider loss, slowing travel demand weigh

How Much Will Bank of Nova Scotia Pay in Dividends This Year?

My Top 2 Canadian AI Stocks to Buy in May

Cenovus Energy Inc. Just Beat EPS By 36%: Here's What Analysts Think Will Happen Next

3 No-Brainer Copper Stocks to Buy With $200 Right Now

It’s Currently 8.7%, but Is BCE’s Dividend Safe?

Federal Reserve says interest rates will stay at two-decade high until inflation further cools

Air Canada pins hopes on business travellers after profits fall

Tiff Macklem defends Bank of Canada's two per cent inflation target

Canadian dollar forecasts trimmed by analysts as BoC moves closer to rate cuts: Reuters poll