News
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Air Canada lowers annual core profit forecast as US travel slows
MONTREAL, May 8 (Reuters) - Air Canada AC.TO on Thursday lowered its annual adjusted core profit forecast and posted first-quarter revenue below analysts' estimates, as trans-border traffic declined due to a weaker Canadian dollar and trade tensions with the United States.The airline lowered its...Reuters
Thu, May 8
US commerce chief says dozens of trade deals to be rolled out over next month
By Kanishka Singh WASHINGTON, May 8 (Reuters) - Washington will roll out dozens of trade deals over the next month, but a 10% tariff imposed on most countries will likely stay, U.S. Commerce Secretary Howard Lutnick told CNBC on Thursday WHY IT'S IMPORTANTDonald Trump's top officials have...Reuters
Thu, May 8
Air Canada first-quarter loss widens as passengers skip US travel
MONTREAL, May 8 (Reuters) - Air Canada AC.TO reported a wider first-quarter loss on Thursday, owing to weaker passenger traffic to its key U.S. market amid strained trade relations between the two countries.The country's largest carrier reported a first-quarter adjusted loss of C$0.45 per share ...Reuters
Thu, May 8
Mexican Peso strengthens on inflation spike, post US-UK trade deal
The Mexican Peso advanced on Thursday against the Greenback as prices in Mexico accelerated near the top of Banco de Mexico’s (Banxico) inflation tolerance range. Additionally, an improvement in risk appetite due to the US/UK trade deal increased Peso’s appeal.
Fxstreet
Thu, May 8
Australian Dollar struggles as trade uncertainties continue
The Australian Dollar (AUD) faced some pressure in the market after disappointing progress on US-China trade negotiations. Although the global risk environment remains positive, tariffs and trade policy concerns impact the Aussie’s movement.
Fxstreet
Thu, May 8
Trump says China tariffs will come down from 145%
Trump knocks China trade surplusSays he might speak to Xi JinpingTrump says about China tariff rate: "We know it's coming down"By Andrea Shalal and Jeff Mason WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump said on Thursday he expects there to be substantive negotiations bet...Reuters
Thu, May 8
What to Watch in the Day Ahead - Friday, May 9
A slew of Fed speakers are scheduled to participate at various events. To begin with, Federal Reserve Board Governor Michael Barr is likely to speak on "Artificial Intelligence and the Labor Market" before the Reykjavik Economic Conference, organized by the Central Bank of Iceland and the Ce...Reuters
Thu, May 8
ConocoPhillips warns weak prices may trigger output cuts in oil industry
By Mrinalika Roy May 8 (Reuters) - ConocoPhillips COP.N beat Wall Street estimates for first-quarter profit on Thursday on strong production volumes, but warned that weak oil prices would likely lead to output cuts in the industry.CEO Ryan Lance said during a post-earnings call that while balance...Reuters
Thu, May 8
Canadian Dollar retreats sharply on Thursday as trade deal hopes rule the markets
The Canadian Dollar (CAD) hit a soft patch on Thursday, extending into a second straight day of losses as the US Dollar (USD) catches a broad bid on hopes that the Trump administration will pick up the pace of inking trade deals to subvert its own self-imposed trade tariffs.
Fxstreet
Thu, May 8
Trump castigates Fed's Powell for not cutting rates, downplays inflation risk
Trump has criticized Powell over rate policy for yearsFed kept rates on hold this week in 'wait and see' posture on tariffsTraders bet US-UK trade deal announced Thursday means fewer Fed rate cutsBy Andrea Shalal and Steve Holland WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump ...Reuters
Thu, May 8
Canadian financial system stable, but trade war poses big risks, says central bank
By Promit Mukherjee and David Ljunggren OTTAWA, May 8 (Reuters) - A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt, the Bank of Canada said on Thursday.In i...Reuters
Thu, May 8
WRAPUP 2-US labor market stays resilient, but workers less productive in Q1
Weekly jobless claims decrease 13,000 to 228,000Continuing claims decline 29,000 to 1.879 millionProductivity falls at a 0.8% rate in the first quarterUnit labor costs surge at a 5.7% pace, but trend slowingBy Lucia Mutikani WASHINGTON, May 8 (Reuters) - The number of Americans filing new applica...Reuters
Thu, May 8
