As U.S. President Donald Trump ratcheted up his tariff war on the world, gold kept climbing in lockstep to reach a succession of record highs. The precious metal reached a fresh peak of $3,245.28 an ounce on April 11 and has climbed 28% since hitting a low of $2,536.71 on November 14, shortly after Trump’s
Roots Corp. ROOT-T reported a loss of $21.7-million in its fourth quarter as it took a large non-cash impairment charge. The retailer says the loss amounted to 54 cents per share for the quarter ended Feb. 1 as it recorded a $50-million impairment charge on intangible assets. The result compared with a profit of $14.6-million
The Government is set to press ahead with an overhaul to cash ISAs despite concerns over pushing people towards riskier investments at a time of turbulence in the stock markets. The Treasury is considering limiting the amount that savers can put in their tax-free accounts each year, with a decision expected later this year. Economists
U.S. bond firm PIMCO said on Tuesday that waning business and consumer confidence under President Donald Trump’s policies is eroding the edge U.S. capital markets held over the rest of the world, strengthening the case for investors to diversify globally. Trump is set to unveil “reciprocal tariffs,” aligning U.S. duties with those of other nations
It’s widely believed that the biggest issue with U.S. consumers’ balance sheets is indebtedness, but the Federal Reserve’s latest financial accounts – and the volatile stock market – suggest that larger risks may be on the other side of the ledger. This seems counterintuitive. Household wealth has never been higher, rising some $163 billion in
If you were looking for portfolio security back in 2022, GICs were the screamingly obvious choice over bonds. Back then, guaranteed investment certificates offered yields of as much as 5 per cent for terms of one through five years at alternative banks. That same year, bonds produced an annual loss of 11.7 per cent, including
Open this photo in gallery: IA Financial Group President and CEO Denis Ricard, who has spent his entire 40-year career with iA, has been laser-focused on expanding the company.Sammy Kogan/The Globe and Mail IA Financial IAG-T chief executive Denis Ricard is on the hunt for more acquisitions with $1.4-billion of capital at the ready, as
A weakened Canadian dollar helped propel Ontario Municipal Employees’ Retirement System to an 8.3-per-cent annual gain on its investments, as tariff threats and a buoyant American economy boosted the relative value of U.S. dollar assets. OMERS has 53 per cent of its $138-billion of assets in the U.S. and pays pensions in Canadian dollars. About
Open this photo in gallery: A cut-out of president-elect Donald Trump is displayed on the floor at the New York Stock Exchange in New York’s Financial District on Jan. 2.Seth Wenig/The Associated Press John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires
As the threat of a trade war grows, Canadian investors are seeking protection in gold and in shares of companies producing goods with few substitutes, such as uranium, while looking to take advantage of a weaker loonie and expected volatility. U.S. President Donald Trump has threatened to implement a 25% tariff on most Canadian imports