June 1, 2025
Financial Assets

Sun Life Beats Estimates on Strong Asset Management, US Results

Sun Life Financial Inc. beat analyst expectations in the first quarter, fueled by its asset management segment. The Toronto-based insurance firm reported underlying earnings of $1.82 per share, better than the $1.71 predicted by analysts in a Bloomberg survey. Sun Life also raised its quarterly dividend to 88 Canadian cents from 84 cents. “In an

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Gold Investing

Gold slips as traders await U.S. data for clues on tariff impacts

Gold edged lower ahead of key economic data this week that could offer some insights into the impacts of President Donald Trump’s trade war. Bullion traded near $3,335 an ounce, after gaining 0.7 per cent in the previous session. Yields on Treasuries turned lower on Monday, boosting non-interest-bearing gold. Meanwhile, JPMorgan Chase & Co. said

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Tangible Assets

Barrick Gold Seeks Buyers for Its Last Mine in Canada

Lawson Winder, metals and mining analyst at Bank of America, discusses the reported deal made between Barrick Gold and the Mali government over a gold mine disp Barrick Gold Corp. is looking to sell its last mine in Canada in a push to capitalize on record gold prices and a renewed interest in North American

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Gold Investing

Gold and Cash-Like ETFs Are Sucking Up Money as Investors Seek Safety

Martin Pradier, equity research analyst at Veritas Investment Research, gives his outlook on gold amid uncertainty, as it surges to a record above $3,400. After years of diving into risky assets at every sign of trouble, investors are starting to move some of their money in the other direction — toward safety. Flows into exchange-traded

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Financial Assets

Junk Bonds Suffer Worst Rout Since 2020 With US Hit Hardest

U.S. junk corporate bonds led the biggest slump in global high—yield debt since 2020 as the steepest American tariffs in a century triggered fears about worldwide growth. The extra yield investors demand to own the risky debt instead of Treasuries widened 45 basis points Thursday to 386 basis points, marking the worst selloff since March

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Financial Assets

Japan’s stock plunge deepens, bonds rally, rate-hike bets fade

Japanese stocks sank deeper into the red on Friday, with the Topix index tumbling into a technical correction as it led Asian equities lower for a second day. Investors continued to bail out of riskier assets that will be hurt by US tariffs, with a rally in government bonds sending yields sharply lower and traders

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Gold Investing

Gold declines as Trump tariff shock sparks selloff from record

Gold moved further away from its latest record high, swept up in the pessimistic mood that hit global markets in the wake of US President Donald Trump’s more-aggressive-than-expected tariff agenda.  The precious metal initially surged to a fresh all-time high of $3,167.84 an ounce on Thursday following Trump’s “reciprocal” tariff announcements, which placed baseline import

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Financial Assets

JPMorgan’s Tariff-Day Trade Is Going Long on Automaker Bonds

Beaten-down corporate bonds from automakers could rally after Wednesday’s tariff announcement from U.S. President Donald Trump, making the debt an attractive purchase, according to JPMorgan Chase & Co. JPMorgan strategists don’t expect the announcement to be as detrimental for automakers as it will be for pharmaceutical companies. “We don’t believe any of the large automakers

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Financial Assets

Provinces to issue flurry of new bonds amid trade war with U.S.

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. The trade war is set to plunge Canadian provinces into deeper deficits, revitalizing a sleepy corner of the credit market.  Provinces are expecting wider deficits and higher funding needs, which means selling more bonds. The seven

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Gold Investing

A fresh record high on global trade war fears

Gold started the week with a fresh record high, ahead of U.S. President Donald Trump’s expected latest tariff barrage that’s heightened concerns of a global trade war. Bullion gained as much as 0.9% to top $3,115 an ounce, beating the previous all-time high set on Friday when it recorded a fourth weekly gain, with prices

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