U.S. stocks fell, with traders parsing economic data and focused on Jerome Powell’s speech for clues on whether the Federal Reserve will slow the pace of rate hikes to prevent a hard landing.

For most Canadians, the family home is their biggest investment and the decision to pass on that asset to their children means grappling with some important questions. Greg Bonnell speaks with Pierre Letourneau, vice president and high net worth planner at TD Wealth about how to approach that decision. Print Transcript

Canada's main stock index was lower in late-morning trading amid losses in the financial sector, while U.S. stock markets were mixed.

Oil prices rallied after government data showed U.S. stockpiles fell the most since 2019 while crude and product exports rose to record highs.

Royal Bank's deal to buy HSBC's Canada unit shouldn’t be a surprise to investors, but the high purchase price is “jarring”, according to an analyst at Scotia Capital.

Another day, another profit beat from one of the Big Six banks. This time around, its Royal Bank of Canada’s turn – adjusted earnings per share came in at $2.78 per share, easily topping the average estimate for $2.69. It was the usual suspects driving the beat – net interest margins (basically the spread between the rate the bank borrows at and the rate it charges its own borrowers) expanded, in no small part over at its Canadian Banking and Wealth Management division.

Saputo tumbled as much as 7.8 per cent after Spruce Point Capital Management published a negative report, arguing that the Canadian dairy producer has overpaid for acquisitions that aren’t working out.

Scotiabank kicked off bank earnings with results that showed earnings growth in its international banking division, though overall results were weighed down by about $500 million in one-time charges.

Canada’s dollar slumped Tuesday - at one stage falling by the most in more than a month -- even as major peers like the Australian and New Zealand dollars gained ground against the greenback. 

Suncor Energy says it has decided to keep its Petro-Canada retail business after a comprehensive review that included what it would mean to sell the operations.

A financial services analyst says he expects big Canadian banks will downgrade their economic forecasts, especially those used to model credit losses, but won’t yet confirm a recession as they report their quarterly earnings this week.

Shares of E3 Lithium jumped Monday morning following an investment announcement from the federal government, where the funds will be used to create materials for batteries, according to the company’s chief executive.