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Oil Prices Surge as Middle East Tensions Escalate

Oil Prices Surge as Middle East Tensions Escalate

Oil prices jumped more than $4 per barrel on Tuesday, reaching a five-week high as traders reacted to renewed concerns over supply disruptions in the Middle East following increased fighting between the United States and Iran. Brent crude futures rose $4.16, or 4.6%, to settle at $94.65 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $4.46, or 5.2%,

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Snowflake Stock Rises on Strong AI Growth

Snowflake Stock Rises on Strong AI Growth

Snowflake has established itself as one of the major software winners in the era of artificial intelligence. After reporting better-than-expected earnings and raising its revenue outlook for a key business segment, investors have gained renewed confidence in the cloud-based data platform provider. Snowflake CEO Sridhar Ramaswamy attributed the strong quarterly performance to growing adoption of the company’s artificial intelligence products.

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Latest News

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Trump Threatens 50% Auto Tariffs on Canada

President Donald Trump threatened on Monday to increase U.S. tariffs on Canadian cars, trucks, and automotive parts to 50% starting January 1, 2027, escalating tensions after trade negotiations between the two countries collapsed. The proposed increase could significantly disrupt one of the
canada-inflation-rises-to-3%-as-gas-prices-climb

Canada inflation rises to 3% as gas prices climb

Canada’s inflation rate increased to 3% in July, driven mainly by higher gasoline prices, while economists are closely watching whether new 50% U.S. tariffs will take effect this week and influence the future direction of the Consumer Price Index (CPI). Gasoline prices
gold-forecast-gold-tests-key-resistance-zone

Gold forecast: Gold tests key resistance zone

Gold prices recovered during Friday’s session after declining the previous day, supported by another round of softer US economic data. However, the rebound faces challenges as rising oil prices add pressure to the outlook, leaving gold at a key turning point after
stellantis-considers-brampton-plant-closure-or-sale

Stellantis considers Brampton plant closure or sale

Stellantis is considering the possible closure or sale of the Brampton Assembly Plant, according to Unifor, which said it received information about the company’s plans this week. The union said Stellantis has not yet provided formal written notice of closure, which is
air-canada-sells-aeroplan-stake-for-$2.5b

Air Canada Sells Aeroplan Stake for $2.5B

Air Canada shares surged after the airline announced the sale of a 25% stake in its Aeroplan loyalty program to Blackstone and Canadian pension funds, strengthening its balance sheet with a $2.5 billion cash injection. Air Canada Shares Rise After Aeroplan Deal
us-stocks-slip-as-oil-prices-rise

US stocks slip as oil prices rise

US stocks edged lower from their record highs on Monday, while oil prices climbed as uncertainty remained over when the Strait of Hormuz could reopen and restore global crude shipments. The S&P 500 declined 0.1% from Friday’s record close. The Dow Jones
gold-and-silver-rise-as-markets-weigh-fed-risks

Gold and silver rise as markets weigh Fed risks

Gold and silver prices moved higher in late-afternoon US trading on Monday as investors balanced weaker labour market data from last week against rising oil prices, higher Treasury yields and renewed expectations of Federal Reserve rate hikes. Spot gold traded near $4,358.71
canada-adds-75,000-jobs-as-unemployment-falls-to-6.4%

Canada Adds 75,000 Jobs as Unemployment Falls to 6.4%

Canada’s labour market showed signs of continued improvement in July, with the economy adding 75,000 jobs and the unemployment rate falling to 6.4%, its lowest level in two years. According to Statistics Canada’s latest Labour Force Survey, employment gains were broadly distributed
canada-stocks-rise-as-jobs-data-boosts-market-sentiment

Canada Stocks Rise as Jobs Data Boosts Market Sentiment

Canada’s main stock index gained nearly 250 points on Friday as investors assessed stronger-than-expected employment data and its potential impact on future Bank of Canada policy decisions. The Canadian labour market showed signs of recovery in July, with Statistics Canada reporting that