2026-01-30
[Bnn Bloomberg, Canada]: Bombardier responds to Trump's threat: On Thursday, U.S. President Trump announced he was revoking certification for all aircraft manufactured in Canada including Bombardier’s Global Express business jet and warned of a 50 per cent tariff on Canadian aircraft until U.S.-made Gulfstream jets are are certified in Canada. Bombardier responded with this statement: “We have taken note of the post from the President of the United States to social media and are in contact with the Canadian government. Bombardier is an international company that employs more than 3,000 people in the U.S. across 9 major facilities, and creates thousands of U.S. jobs through 2,800 suppliers. Our aircraft, facilities and technicians are fully certified to FAA standards and renowned around the world. We are actively investing in expanding our U.S. operations, including a recent announcement in Fort Wayne, Indiana. Thousands of private and civilian jets built in Canada fly in the U.S. every day. We hope this is quickly resolved to avoid a significant impact to air traffic and the flying public.”
Ontario hoping to do more business in Dubai: Ontario’s Minister of Agriculture met with Dubai Chambers Jan. 30, to discuss enhancing bilateral cooperation in food technology, agriculture and import-export trade. Non-oil trade between Dubai and Canada reached AED10.2bn ($2.78bn) in 2024. With 1,042 new Canadian companies joining Dubai Chamber of Commerce membership in 2025, the total number of active Canadian companies registered reached 4,673 by the end of last year. Dubai Global Chamber opened a representative office in Toronto, Ontario’s capital, last year to support companies in both Dubai and Canada and promote Dubai’s competitive advantages as a global business destination.
Ryan Reynolds caught up in collapse of British financial company: The Canadian movie star’s Welsh soccer team, Wrexham AFC, that he co-owns with Rob McElhenney and backed by Apollo Global Management Inc., has been caught up in the collapse of UK currency brokerage Argentex. The club had placed £4.6 million ($8.5 million) with the London firm, which collapsed into a form of insolvency in July as a result of soured foreign-exchange trades, according to documents filed in the UK. The involvement of the club adds to the far-reaching nature of Argentex’s collapse. The firm’s unraveling, caused by a portfolio of high-risk US dollar trades imploding in April, tied up thousands of derivatives transactions. While administrators overseeing the wind-down are confident that customers in Wrexham’s category will be repaid, others may not be so fortunate, filings show.
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2026-01-28
[Bnn Bloomberg, Canada]: Central banks to weigh in on economies: The central banks of Canada and the U.S. will both announce interest rate decisions today. The Bank of Canada will also release its Monetary Policy Report. While neither bank is expected to make a change to their key interest rates, their accompanying statements will be dissected for indications of the direction of future interest rate moves, as well as assessments of the impact of tariffs and global trade tensions. The BoC announcement will come at 9:45 am ET, with Tiff Macklem’s news conference at 10:30 a.m. ET . The Fed will release their statement at 2 pm, with Jerome Powell’s news conference at 2:30 p.m. BNN Bloomberg will have full breaking news coverage, as well as guest insight.
Amazon cuts jobs: Amazon is cutting about 16,000 jobs as the tech giant continues to streamline operations amid rising AI competition. The e-commerce giant says it is not their plan to announce broad staff cuts every few months. The eliminations take Amazon’s announced job cuts to 30,000 in three months after an initial wave in October. Last year, employees were warned that AI will shrink the workforce as Amazon automates more of its operations.
AI boosts CGI: Shares of CGI traded higher in the premarket. The Quebec based company saw higher first quarter profit as rising revenue was boosted by demand for artificial intelligence related work. The IT consulting firm says the quarter shows clients are still spending on modernization and outsourced IT work, including AI projects. On Tuesday, CGI said it is expanding its partnership with OpenAI to meet growing demand.
Starbucks turnaround shows results: Shares of Starbucks were perking up in the premarket. The coffee chain topped expectations for global sales, which rose four per cent at established locations. The company also issued its first full year outlook with sales from established locations forecasted to grow at least tjhree per cent in 2026. As part of CEO Brian Niccol’s turnaround efforts, Starbucks has focused on improving service and reducing menu complexity.
Waabi raises US$1 billion in robotaxi push: Toronto based start-up Waabi has secured US$1 billion in funding for commercial expansion. The company develops self-driving technology for trucks, and is now expanding to robotaxis. Waabi received US$250 million in funding from Uber to launch at least 25,000 robotaxis equipped with its software exclusively on the ride hailing platform.
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2026-01-27
[Bnn Bloomberg, Canada]: Earnings season swings into high gear: Earnings season has swung into high gear with several major companies in Canada and the U.S. reporting their latest results this morning. Shares of General Motors are trading lower in the premarket. The automaker is forecasting profit growth of as much as US$2 billion, and has increased dividends and share buybacks. The move is fueled by demand for its highest margin vehicles. GM’s new guidance rests on selling more of its largest trucks and SUVs and fewer electric vehicles.
Sales and profit up at Boeing: Boeing reported a 57 per cent bump in sales during the final three months of 2025, as the U.S. planemaker continues its recovery and benefits from surging orders. Revenue rose to nearly US$24 billion. Earnings were boosted by a $9.6 billion gain tied to the sale of Boeing’s Jeppesen digital aviation subsidiary last year. Boeing is emerging from a half decade of operational and quality meltdowns, under the direction of new CEO Kelly Ortberg.
UnitedHealth forecasts revenue decline: Shares of UnitedHealth traded lower in the pre-market. The U.S. health-care giant is forecasting a decline in 2026 revenue, marking the first annual contraction in more than three decades. The U.S. government’s plan to hold payments flat for private Medicare is adding pressure on the insurer. United is also shedding insurance membership, divesting overseas assets and shrinking its U.S. footprint for some areas. On the upside, the company’s profit outlook came in slightly above estimates.
Profit drops at Metro: Metro Inc. saw lower first quarter profit, weighed down by the temporary closure of its frozen food distribution centre in Toronto and food inflation pressures. On the upside, revenue for the Montreal-based grocery chain rose more than three per cent with growth in same store food and pharmacy sales as well as online sales.
Canada – India trade deal: Canada and India have pledged to expand trade in oil and gas. This pledge comes after a lengthy diplomatic chill between the two countries. Canada will ship increased quantities of crude oil and liquefied natural gas, while in return India will send more refined petroleum products. Canada’s energy minister says these talks show the country is committed to diversifying its exports.
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2026-01-26
[Bnn Bloomberg, Canada]: Gold rally sparks $5.5 billion takeover: As the price of gold continues to set record highs, we are starting to see merger and acquisition activity in the sector. Toronto-based Allied Gold has signed a friendly deal to be acquired by Chinese miner Zijin Gold for $5.5 billion in cash. Hong Kong-listed Zijin has agreed to pay $44 per share in cash for Allied, which has a portfolio of three producing assets and development projects in Côte d’Ivoire, Mali and Ethiopia. Meanwhile the price of gold has broken through the US$5,000-an-ounce threshold for the first time, extending a sharp rally fueled by U.S. President Donald Trump’s reshaping of international relations and investor flight from sovereign bonds and currencies.
Trump threatens 100 per cent tariffs on Canada: U.S. President Donald Trump revived one of his most pointed insults toward Canada on Saturday, calling Prime Minister Mark Carney “governor” and threatening to slam the country with a 100 per cent tariff over its growing ties with China. The remark revives a familiar taunt Trump previously used against former prime minister Trudeau and comes as relations between Ottawa and Washington continue to deteriorate. During Carney’s recent trip to Beijing last week, the two countries announced a trade deal exchanging reduced tariffs and quotas for Chinese electric vehicles in Canada for the lifting of China’s tariffs on Canadian agricultural products. Carney responded to Trump’s posting by stating Canada has no intention of seeking a free trade deal with China.
Carney announces affordability measures: Mark Carney made an announcement on affordability this morning in Ottawa. The prime minister will present a broad package of measures targeting affordability. The measures will reportedly include an increase to the GST credit.
Winter storm hits Canada & U.S.: Many Canadians are still digging out from Sunday’s record-setting snowfall. Meanwhile U.S. power grids are under mounting pressure as the storm drives up heating demand and raising the risk of blackouts. The storm affected millions of people across the eastern two-thirds of the U.S. Roughly 825,000 homes and businesses were without electricity as of 7:30 a.m. ET. The winter storm has knocked an estimated 10 per cent of U.S. natural gas production off-line and forecasts for persistently frigid weather caused prices to jump 20 per cent in early trading today. The surge followed a 70 per cent rally last week that saw the biggest weekly advance in records dating back to 1990.
Nvidia investing another US$2 billion in CoreWeave: In the latest example of the ‘circular investing’ trend in artificial intelligence, Nvidia is investing an additional US$2 billion in CoreWeave. Nvidia is the dominant maker of artificial intelligence chips, CoreWeave is a specialized cloud-computing provider used by AI services. There has been a trend of AI-related firms investing billions in each other and sparking spikes in the share prices of everyone involved.
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2026-01-23
[Bnn Bloomberg, Canada]: World leaders push back on Carney’s view: Prime Minister Mark Carney’s speech earlier this week received a standing ovation from the VIPs at the World Economic Forum in Davos Switzerland. Now some global economic leaders are pushing back against his view of a disintegrating world. European Central Bank President Christine Lagarde says she’s “not exactly on the same page” as Carney. “From an economic and from a business point of view, we depend on each other,” Lagarde told the final panel of the World Economic Forum. “We have these very strong links and binds. Suppliers sometimes are in a position of strength. If I look at supply and demand, we have also a position of strength, and I think that all directions have to be explored.” Meanwhile, Ngozi Okonjo-Iweala, director general of the World Trade Organization, ,” was also keen to emphasize the positives. “What is happening is that in spite of all the disruptions, there is some resiliency built into the system,” she said. “Trade has suffered the biggest disruption in 80 years, global trade, there is absolutely no doubt about that. Global trade rules have been undermined. But I think the system has been put together in such a way that is quite strong and it will take a lot to destroy.”
Mixed retail signals: We have some mixed signals today when it comes to Canada’s retail sector. Retail sales rose by a stronger-than-expected 1.3 per cent in November, driven by increases at food and beverage retailers. On the other hand, StatCan’s ‘flash estimate’ for December showed a 0.5 per cent drop. Retail sales are set to grow 0.2 per cent in the fourth quarter of 2025, assuming the agency’s flash estimate is correct. While faster than the 0.1 per cent gain in the third quarter, it’s still a significant deceleration compared to the start of 2025.
Intel struggles to meet demand: Shares of Intel traded down by more than 10 per cent in the pre‑market, as the company struggles to keep up with surging demand from AI data centres. Intel also issued profit and revenue forecasts for its current quarter that were below expectations. The chipmaker cites manufacturing problems and supply‑chain constraints. The decline follows a strong 2025, when Intel’s stock rose nearly 50 per cent, boosted by major investments from Softbank, Nvidia and the U.S. government.
Best week for gold in six years: Gold is heading for its best week in six years, with the rally driven by geopolitical risks and renewed threats to the U.S. Federal Reserve’s independence. Bullion steadied after surging to a record above US$4,967 an ounce on Friday and was on track for a weekly gain of more than seven per cent, its strongest performance since March 2020. Silver climbed to an all-time high just below US$100 an ounce, while platinum also hit a record. Precious metal stocks have been the top performers on the TSX this year – but is it too late for investors to jump on the bandwagon? We will discuss with Kenneth Hoffmanof Red Cloud Securities today on BNN Bloomberg at 11:40 am eastern time.
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2026-01-22
[Bnn Bloomberg, Canada]: Trump Greenland deal claim questioned: There is plenty of confusion today after U.S. President Trump announced on social media that the U.S. had a framework agreement on the future of Greenland. NATO’s chief, Mark Rutte, says the ‘breakthrough’ did not involve discussion about the island’s sovereignty. Rutte says the talks were instead focused on broader security issues in the Arctic “in a practical sense.”
Carney returns to Canada: Prime Minister Mark Carney is gathering his cabinet in Quebec City today for two days of meetings focused on the economy, affordability and security. The cabinet retreat begins the day after Carney’s return from a nine-day overseas trip to drum up new investment for Canada. It also comes just ahead of the return of Parliament on Monday. Experts say the retreat is an opportunity for the government to discuss internal issues — like interprovincial trade and major projects — though much like at the World Economic Forum in Switzerland, U.S. President Donald Trump, tariffs, and Greenland will likely dominate much of the discussion.
TikTok to continue Canadian operations: TikTok will be able to continue operating its subsidiary in Canada for now, with the federal government’s blessing, after a judge shelved a previous order for it to wind down. In November 2024, under former prime minister Justin Trudeau, Canada ordered ByteDance to close its subsidiary TikTok Technology Canada. But on Wednesday, that order was set aside by the federal court, after a motion made by Ottawa in TikTok’s appeal.
Toys ‘R’ Us Canada lawsuits: Toys “R” Us Canada is facing at least seven lawsuits from landlords who say they’re collectively owed over $30 million in unpaid rent and other damages from the struggling retailer. Documents filed with an Ontario court claim the toy store chain failed to pay rent for several of the properties it occupied in 2024 and 2025, sparking lawsuits. The spaces were owned by landlords Riotrin Properties and Calloway Real Estate Investment Trust.
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2026-01-20
[Bnn Bloomberg, Canada]: U.S. - EU tensions overhang Davos summit: European Commission President Ursula von der Leyen says the economic coercion U.S. President Donald Trump is threatening to acquire Greenland is a mistake and warned the European Union’s response would be “unflinching, united and proportional.” Speaking at the World Economic Forum in Davos, Ms. von der Leyen pushed back against Trump’s threats of tariffs on European allies until he is allowed to annex Greenland. The U.S. President, who has said there is “no going back” on taking Greenland, is due to arrive at the World Economic Forum Wednesday. U.S. stock markets are set to open more than one per cent lower in response to the turmoil.
Carney set to speak at WEF: Prime Minister Mark Carney is in Davos to pitch Canada as an investment destination at the World Economic Forum. Carney is scheduled to meet French President Emmanuel Macron and is set to deliver a keynote talk about the emerging new world order and Canada’s plans to take a pragmatic approach to dealing with it. Carney’s schedule has him leaving Wednesday afternoon to head back to Canada for a cabinet retreat Thursday and Friday.
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2026-01-19
[Bnn Bloomberg Canada]: Trump trouble: U.S. stock futures dropped more than one per cent this morning and European shares were down after U.S. President Donald Trump threatened tariffs on European countries for objecting to his plan to take over Greenland. Stock and bond markets in the U.S. are closed for Martin Luther King Jr. Day. Seema Shah of Principal Asset Management told the Wall St. Journal that investors had adjusted to the idea of trade levies but “now we see that tariffs can be used for pretty much any negotiation.”
Precious metals surge: Gold and silver jumped to new record highs amid fears of instability on the political and trade front as Trump intensifies his pursuit of Greenland. Spot gold rose almost two per cent to just US$4,670.
Carney weighs military gesture. Bloomberg reported that Prime Minister Mark Carney is considering sending Canadian soldiers to Greenland to take part in military exercises with NATO allies. Eight European nations have said they will undertake token NATO maneuvers in the autonomous territory of Denmark as a gesture of opposition to Trump’s threats. “A person familiar with the matter” said Mr. Carney had made no decision on such a move.
Faster pace: Canada inflation accelerated by more than expected in December, with the headline rate quickening to 2.4 per cent year-on-year. However, that faster-than-expected acceleration was driven in part by so-called base effects. In December 2024, the federal government temporarily eased taxes on products including restaurant food, toys and some alcoholic beverages. “This resulted in monthly declines for the exempt goods and services, which have now fallen out of the year-over-year movement,” Statistics Canada said.
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2026-01-16
[Bnn Bloomberg Canada]: Landmark” Canada-China trade deal: Canada has reached a new trade deal with China. Prime Minister Mark Carney says Ottawa expects Beijing to drop canola seed duties to 15 per cent from 84 per cent by March 1, and called that “enormous progress.” Canadian canola meal, lobsters, crabs and peas will no longer be subject to Chinese “anti-discrimination” tariffs from March to at least the end of the year. There was no mention of canola oil, which is subject to a 100 per cent tariff. In return, up to 49,000 Chinese electric vehicles will be allowed into the Canadian market each year at a 6.1 per cent tariff instead of the current 100 per cent tariff. The announcement came after the Prime Minister met with Chinese President Xi Jinping looking to reset trade relations.
First Quantum reports Panama progress: First Quantum Minerals says the government of Panama will authorize the removal and processing of certain materials at the Cobre Panama copper mine. The Toronto-based miner says it is awaiting formal approval to carry out the activities in co-ordination with the government of Panama. First Quantum says the move marks a positive step, but that it does not constitute a reopening of the mine. Panama took control of the mine back in 2023.
Another TSX company going private: The Toronto Stock Exchange is losing another listing. Titanium Transportation Group has agreed to go private in a transaction valuing the company at $2.22 per share. The buyer is an acquisition group that includes the company’s president and chief executive officer. The offer comes at a premium of more than 40 per cent from Titanium’s recent trading price. The company is based north of Toronto. It has nearly 40 operating locations across North America.
Housing starts pick up: Housing starts picked up in Canada at the end of last year. Starts came in at a seasonally adjusted annualized rate of 282,439 units in December, an 11 per cent rise from the month before. Activity had been soft through the second half of last year, as the sector had been held back by uncertainty around the economy, tariffs and interest rates.
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