Markets

Canada’s main stock index lost ground on Tuesday as the midnight deadline neared for the U.S. to impose a 50 per cent tariff on some $28-billion worth of Canadian goods.

Wall Street pulled further from its all-time high on Tuesday as AI stocks got back to sinking. The S&P 500 fell 0.7 per cent for a third straight modest loss.

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Canadian pipeline firms are proposing billions of dollars in new projects despite oil sands companies being reluctant to commit to significant production expansions amid ongoing uncertainty around climate policies and long-term global demand.

Brazil’s President Luiz Inácio Lula da Silva said on Monday that oil drilling in northern and northeastern coastal regions could be “a passport to the country’s future” after visiting a Petrobras offshore drilling vessel following a find announced last week near the mouth of the Amazon River.

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Canada’s main stock index finished in negative territory, as gains from higher commodity prices were offset by broader losses, while U.S. markets were negative.

Stock markets in Toronto and New York closed in the red on Friday after another economic report signalled the U.S. economy might be slowing. 

The U.S. stock market edged back from its all-time high Friday following the latest report on the economy to come in surprisingly weak.

Illegal mining declined in parts of Madre de Dios after Peru launched a major military and police crackdown known as Operation Mercury in 2019. But miners have since moved back toward protected areas, prompting authorities to intensify operations.

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Economists expect inflation edged higher in July as consumers were getting whiplash at the gasoline pumps.

Canada’s main stock index rose nearly 100 points, as gains in technology stocks offset losses elsewhere, while U.S. markets were also positive.

The U.S. stock market is ticking toward a record on Thursday following the latest sign that inflation is getting less bad.

Extraordinary corporate compensation deals for Elon Musk have opened the door for the CEOs of other S&P 500 companies to win huge paydays.