Terry Cain

Toronto

Senior Writer and Lineup Editor at BNN Bloomberg

Freelance Writer at Freelance

Jack-of-all-trades at BNN Bloomberg, Leslieville resident, die hard Blue Jays fan

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Articles

The Daily Chase: Unemployment rate hits 7%

3 weeks ago | bnnbloomberg.ca | Terry Cain

Here are five things you need to know this morningUnemployment rate hits 7%: The Canadian economy added a modest 8,800 jobs in May, and the unemployment rate edged up to seven per cent. It’s the third straight month the jobless rate rose, hitting its highest level since September 2016, not including the pandemic period. As Randy Thanthong-Knight of Bloomberg News points out, May is the fourth straight month where the economy either saw very little change in employment or job losses.
The Daily Chase: Ottawa mulls U.S. tariff response

3 weeks ago | bnnbloomberg.ca | Terry Cain

Here are five things you need to know this morningOttawa mulls U.S. tariff response: Mark Carney says the federal government will not immediately retaliate to the United States’ doubling of tariffs on imported steel and aluminum. “We will take some time, not much, some time, because we are in intensive discussions right now with the Americans on the trading relationship,” the prime minister said.
The Daily Chase: Carney’s pipeline roadmap

3 weeks ago | bnnbloomberg.ca | Terry Cain

Here are five things you need to know this morningCarney’s pipeline roadmap: Prime Minister Mark Carney says he sees opportunity for Canada to build a new pipeline to ship more oil to foreign markets, if it’s tied to billions in green investments to reduce the industry’s environmental footprint.
The Daily Chase: Markets react to Trump’s steel tariff

3 weeks ago | bnnbloomberg.ca | Terry Cain

Here are five things you need to know this morningMarkets react to Trump’s steel tariff: Markets are reacting today to the declaration late Friday by U.S. President Donald Trump that he intends to hike tariffs on imported steel and aluminum from 25 per cent to 50 per cent. Shares of U.S.-based metals companies are surging in the premarket.
The Week Ahead: BoC rate decision, employment data due

4 weeks ago | bnnbloomberg.ca | Terry Cain

Monday, June 21:00 p.m. U.S. Federal Reserve Chair Jerome Powell gives opening remarks at IF 75th Anniversary Conference in Washington, DCCalgary home sales (April)Tuesday, June 3Vancouver home sales (April)Wednesday June 49:45 a.m. BoC Policy Announcement10:30 BoC News ConferenceToronto home sales (April)Earnings:Descartes SystemsTranscontinental IncThursday, June 58:30 a.m. Canada Merchandise Trade Balance (April)12:20 p.m. BoC Dep. Gov.
The Daily Chase: Markets boosted by ruling on Trump tariffs

1 month ago | bnnbloomberg.ca | Terry Cain

Here are five things you need to know this morningMarkets boosted by ruling on Trump tariffs: North American stock markets are on course for a positive opening thanks to two factors. The first is a U.S. court ruling that may block many of the tariffs U.S. President Donald Trump has threatened and imposed on other countries.
The Daily Chase: Trump roiling markets again

1 month ago | bnnbloomberg.ca | Terry Cain

Here are five things you need to know this morningTrump roiling markets again: U.S. President Donald Trump has resumed disrupting the global economy and financial markets. Stock futures dropped sharply, and European markets plunged by nearly two per cent after Trump threatened a 50 per cent tariff on goods from the European Union starting on June 1. In an online posting, the U.S. president said the EU “has been very difficult to deal with,” citing several trade irritants.
The Daily Chase: TD Bank cutting jobs as Q2 profit tops estimates

1 month ago | bnnbloomberg.ca | Terry Cain

Here are four things you need to know this morningTD Bank cutting jobs as Q2 profit tops estimates: TD Bank plans to cut about two per cent of its workforce in an effort to reduce its cost base and achieve greater efficiency. The bank, with about 95,000 employees, says the restructuring will cost up to $700 million in pre-tax charges over the next several quarters. It expects the effort will generate about $100 million in pre-tax savings this fiscal year and annual savings of up to $650 million.
The Daily Chase: TSX winning streak continues

1 month ago | bnnbloomberg.ca | Terry Cain

Here are five things you need to know this morningTSX winning streak continues: The TSX’s remarkable run just keeps on going. Canada’s leading stock market index hit an all-time high last week and topped the 26,000 point level yesterday, moving higher for 10 straight sessions, the longest winning streak since 2021. It is now up more than five per cent so far this year – and has gained more than 21 per cent from its low of last June.
The Daily Chase: Inflation eases thanks to end of carbon tax

1 month ago | bnnbloomberg.ca | Terry Cain

Here are five things you need to know this morningInflation eases thanks to end of carbon tax: The latest numbers from Statistics Canada confirm what many Canadians have noticed, inflation isn’t as bad as it has been. The national inflation rate eased to 1.7 per cent in April, down from 2.3 per cent in March. Much of the drop was due to the elimination of the consumer carbon tax and lower oil prices.