2026-02-12
[Bnn Bloomberg, Canada]: U.S. Congress passes resolution to end Canada tariffs: The United States Congress has passed legislation to end President Donald Trump’s tariffs on Canadian imports. The vote marks a shift for the Republican‑led house as concerns around the midterms loom. The U.S president is likely to veto this bill, making it unlikely to become law.
Dodig named Telus CEO: Telus says longtime CEO Darren Entwistle will retire in June, with former CIBC CEO Victor Dodig set to take over. The leadership change comes as the company reported fourth quarter revenue and profit that came in slightly below estimates. Looking ahead to 2026, Telus says it expects adjusted profit to grow between two per cent and four per cent and consolidated free cash flow to rise 10%, while capital expenditures are expected to decline by 10 per cent.
Bombardier tops expectations: Profit in the fourth quarter came in above expectations at Bombardier. The aircraft manufacturer is coming off a recent US$1 billion deal with Vista to sell more than 40 aircraft over the next decade. Looking ahead, the company forecasts more than US$10 billion in revenue while delivering over 157 planes. Despite currently not facing any U.S. tariffs, the upcoming CUSMA negotiations could have a significant impact on the company. U.S. President Trump has threatened to slap a 50 per cent tariff on Bombardier’s jets.
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2026-02-02
[Bnn Bloomberg, Canada]: Markets in the red again: North American stock markets look set to open in the red today after a sharp selloff on Friday. Investors continue to sell all kinds of risky assets amid a rout in precious metals. Extreme volatility across commodities continues to be the centre of attention in markets. Gold and silver were both down more than 10 per cent in overseas trading this morning before paring some of those losses. Oil prices have tumbled by about five per cent after U.S. President Donald Trump said Washington is talking with Iran.
$3.8 billion gold deal: While the price of gold has retreated in the past few days, the months-long rally for bullion is leading to consolidation in the sector. Eldorado Gold is buying Foran Mining in a deal valued at $3.8 billion. Both companies are headquartered in Vancouver. Eldorado chief executive George Burns says the combination creates a stronger gold and copper growth company, with a portfolio of long-life assets, exploration upside and exposure to critical minerals across a multi-jurisdictional portfolio.
Trump preparing critical minerals stockpile: Bloomberg News is reporting U.S. President Trump is getting ready to launch a strategic critical-minerals stockpile. The report says the US$12 billion stockpile is aimed at protecting manufacturers from supply shocks and cutting America’s reliance on Chinese rare earths and other metals. The reserve will include minerals such as gallium and cobalt used in products like iPhones, batteries, and jet engines.
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