Futures for Canada’s main stock index fell on Tuesday, as U.S. President Donald Trump’s new tariffs on top three trading partners of the world’s biggest economy took effect, triggering a global trade war. The TSX Composite Index weakened 391.88 points, or 1.5%, to close Monday at 25,001.57. This marked its lowest close … Read more
Global shipments of Apple’s (AAPL) iPhone declined in the fourth quarter of 2024 due to weak demand and sales in China, according to the International Data Corporation (IDC). Preliminary data from IDC found that Apple’s global iPhone shipments fell 4.1% to 76.9 million units in Q4 of last year. The decline was … Read more
Canada’s labour market surprised to the upside in December, adding 91,000 jobs and lowering the unemployment rate by 0.1 percentage points to 6.7%. The number of jobs created in December, and the decline in the unemployment rate, each beat the consensus expectations of economists. Economists had forecast job growth of 10,000 to … Read more
Calgary home sales declined 2.9% year-over-year in December as the real estate market remains subdued despite falling interest rates. The Calgary Real Estate Board said that 1,322 homes were sold in the western Canadian city last month, which was nearly 3% lower than in December 2023. On a month-over-month basis, home … Read more