Canadian existing home sales declined 1.7% month-on-month in September, ending a series of gains that began in Apri, said TD after Thursday's Canadian Real Estate Association data. The pullback in sales was broad-based, with large drops in British Columbia and Alberta, and smaller declines in Ontario, and Quebec. New listings dipped 0.8% m/onth over month in September.
Metra announced fare hikes in its 2026 budget, part of a broader regional policy requiring the Chicago Transit Authority, Metra and Pace to raise fares.
Webull (BULL) said Thursday it launched corporate bond trading services for US investors, allowing them to buy and sell individual corporate bonds directly on the company's desktop and mobile platforms. The company said it has corporate bond transaction spreads set at 0.10% with a $10/trade minimum. Webull (BULL) said it plans to expand the service to additional regions in the future.
Canadian housing starts increased 14% month-on-month in September to an elevated 279,200 units, almost fully bouncing back from the 17% m/m drop in August, said TD. Stripping away monthly volatility, the six-month moving average of starts increased 4.1% month over month to 277,100 units, said the bank after Thursday's data from Canada Mortgage and Housing Corporation.
Based on current data, the Federal Open Market Committee should continue to ease monetary policy, Federal Reserve Governor Christopher Waller said Thursday at the Council on Foreign Relations, but he cautioned that a lack of government data and conflicts in the data that are available suggest moving carefully.
Gold continued to push to fresh record highs early on Thursday, rising for a fifth session on hopes for falling interest rates amid a slowing global economy and momentum buying. The price of the metal has risen 13% in the past month and by 23% since Aug.22, when chair Jerome Powell said the Federal Reserve will likely move interest rates lower.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada was up 14% in September, or 279,234 units, compared with August's 244,543 units, said Canada Mortgage and Housing Corporation Thursday. September's rise was better than the 255,000 increase expected by Bank of Montreal.
The Southeast's states rely on federal funds more than those in other regions and analysts warn those funds may be ending shortly if the shutdown continues.
The US dollar fell against its major trading partners early Thursday before an extremely busy day of economic data releases and appearances by Federal Reserve officials, even without the government data releases that have been postponed due to the shutdown.
The full suite of Canadian housing market data for September is out on Thursday, said Bank of Montreal. Existing home sales were down 1.7% in the month, but were up 5.2% from a year ago. Housing starts for September are also out at 8:15 a.m. ET on Thursday. Bank of Canada Governor Tiff Macklem will participate in a fireside chat in Washington, D.C. at 1.30 p.m. ET.
Gold extended its rally on Thursday, with gold futures for December delivery last up 1.3% at $4,257.50 per troy ounce and spot gold gaining 0.8% to $4,243 an ounce. Investors are turning to the safe-haven asset amid the ongoing US-China trade tensions and a US federal government shutdown, with prospects of Federal Reserve interest rate cuts further boosting demand.
Societe Generale in its early Thursday economic news summary pointed out: -- New Zealand dollar and sterling claw back losses in G10, South Korea's won extends recovery in emerging markets. -- United Kingdom's August gross domestic product +0.1% month-over-month, +0.3% three-month/over/three-month, in line with forecast.
Restaurant Brands International after trade Wednesday said it has been notified of an unsolicited mini-tender offer made by New York Stock and Bond LLC to purchase up to 10,000 RBI shares at a price of US$28.80 per share. RBI was at last look up 2.8% at US$68.67 in US after hours trade on the NYSE.
Restaurant Brands International on Wednesday recommended its shareholders reject an "unsolicited" mini-tender offer made by the New York Stock and Bond, or NYSB, at a discount of 54.89%. The NYSB has offered to buy up to 10,000 shares of the quick service restaurant company, at a price of $28.80, the company said.
US equity indexes closed mixed on Wednesday as investors weighed strong quarterly results and a dovish policy signal from the Federal Reserve, against fragility in the Trump administration's trade relationship with China.
Constellation Brands, Inc. (STZ), a leading beverage alcohol company, announced today that it priced the public offering of $500.0 million aggregate principal amount of 4.950% Senior Notes due 2035 for a public offering price of 99.716% of the principal amount of the notes. Closing of the offering is expected to occur on October?17, 2025, subject to the satisfaction of customary closing conditions.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced today that it completed its previously announced private placement of $100 million of senior unsecured notes. Net proceeds from the issuance will be used to refinance existing leverage and for general corporate purposes.
Carnival said late Wednesday it closed a private offering of $1.25 billion of 5.125% senior unsecured notes due 2029. The company said it will use the proceeds, along with cash on hand, to completely redeem $2.0 billion of its 6% senior unsecured notes due 2029 on Nov. 1, as part of efforts to lower interest expense, according to a statement. MT Newswires does not provide investment advice.
"In theory at least, municipal yields should be able to stabilize here; levels remain attractive for pure income buyers while more sustainable constructive fund inflows are just enough to speak for rising issuance in the absence of meaningful reinvestment," said Matt Fabian, president of Municipal Market Analytics.
Financial stocks were mixed late Wednesday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund easing 0.1%. The Philadelphia Housing Index was down 0.5%, while the Real Estate Select Sector SPDR Fund climbed 1.5%. Bitcoin was falling 1.3% to $111,226, and the yield for 10-year US Treasuries rose 1.6 basis points to 4.04%. In economic news, mortgage...
US economic activity was little changed since early September as prices increased further, while labor demand was "generally muted," the Federal Reserve said in its latest Beige Book released Wednesday.
Financial stocks were mixed late Wednesday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund easing 0.1%. The Philadelphia Housing Index was down 0.4%, while the Real Estate Select Sector SPDR Fund climbed 1.5%. Bitcoin was falling 1.7% to $111,511, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.04%. In corporate news, Bank of...
Significant downward revisions to monthly payroll estimates in August led many market observers to anticipate the Federal Reserve would begin cutting interest rate cuts more aggressively.
"If I wanted to target municipal finance, this would be a really good place for me to start," said Omid Rahmani, public finance cybersecurity lead at Fitch Ratings.
The Fed's Beige Book showed that US economic activity was little changed on net since early-September while employment levels were roughly stable, labor demand was muted and prices increased further due to higher costs, particularly trade-related costs.
Financial stocks were softer Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each down 0.2%. The Philadelphia Housing Index was easing 0.1%, while the Real Estate Select Sector SPDR Fund climbed 1.3%. Bitcoin was falling 2.1% to $110,727, and the yield for 10-year US Treasuries rose 2 basis points to 4.04%. In economic news, mortgage applicat...
Namibia's central bank Wednesday said its Monetary Policy Committee decided to reduce the Repo rate by 25 basis points to 6.50%. The MPC took the rate decision to continue supporting the domestic economy while safeguarding the peg between the Namibia dollarand the South African rand, wrote BoN in its policy statement. MT Newswires does not provide investment advice.
Canadian employment fell by 46,000 in Q3 2025, the first. such quarterly decline since the COVID-19 pandemic and a clear indication the economic uncertainty has impacted hiring, said Bank of Montreal. The unemployment rate sat at 7.1% to end the quarter up 0.4 percentage point on the year. Ontario's employment fell by 20,000 in Q3 and was unchanged from a year ago as of September.
Fed Chair Jerome Powell sent a clear message Wednesday, reiterating that the Federal Reserve is still leaning toward lower rates?and for the sluggish U.S. housing market, that could be the break it's been waiting for.
Today the Federal Home Loan Bank of Indianapolis announced the opening of the Disaster Relief Program in response to state and federal disaster declarations following multiple severe weather events across Indiana earlier this year. Disaster Relief is intended to help cover costs not otherwise paid for by insurance or state or federal relief.
It's been a tough year for Canada and its provinces, said Desjardins. However, despite the economic volatility and uncertainty, the bank raised its 2025 and 2026 outlooks for real gross domestic prodcut growth nationally and in central Canada, specifically Ontario and Manitoba. The bank sees Canada's GDP growth at 1.2% this year and at 1.5% in 2026.
Canada Nickel Company (CNIKF), which gained near 8% Tuesday, provided results from an economic impact study completed for its flagship Crawford Nickel Project, located in the Timmins Nickel District of Ontario.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for September 2025. North American corporate CUSIP requests totaled 7,615 in September, which is down 0.5% on a monthly basis.
After the September meeting, even though the Bank of Canada appeared to be a cautious cutter, RBC highlighted that cutting after a six-month pause made another one more likely and that there was a wide path to another reduction in October.
The US dollar fell against its major trading partners early Wednesday before the release of the New York Federal Reserve's Empire State manufacturing survey for October at 8:30 am ET.
Wall Street futures pointed moderately higher pre-bell Wednesday on the Federal Reserve rate-cut outlook, earnings season results, and tech-sector optimism. Semiconductor-related issues gained after Dutch photolithography machine manufacturer ASML, a tech-sector bellwether, reported better-than-expected earnings and prospects.
Asian stock markets rallied on Wednesday after Federal Reserve Chief Jerome Powell on Tuesday hinted that further easing was on the table, and following a strong outlook and earnings report from Dutch photolithography machine manufacturer ASML, a tech-sector bellwether. Hong Kong, Shanghai, and Tokyo finished in the green, as did most other regional exchanges.
Political pressure from President Donald Trump may have been a factor in the Federal Reserve's recent interest rate cut decision, according to Steve Liesman, the Senior Economics Reporter at CNBC. Speaking on The Real Eisman Playbook on Monday, Liesman said that ?The Federal Reserve does not exist in a political vacuum,? and it ?never has.
Image: Bittam As global markets react to the U.S. Federal Reserve?s recent interest rate cut, Bittam Exchange today announced the launch of its 100% Deposit Bonus and up to $3,000 in Welcome Rewards for new users. However, for traders in the United States and Europe, this resurgence comes with heavy restrictions.
US equity indexes ended mixed on Tuesday after Trade Representative Jamieson Greer helped calm China trade tensions, and Federal Reserve Chair Jerome Powell signaled the end to quantitative easing may be on the horizon. The Nasdaq Composite dropped 0.8% to 22,521.70, and the S&P 500 fell 0.2% to 6,644.31, with both indexes ending the day off their respective session lows.
The Toronto Stock Exchange bounced back Tuesday, recovering most of the big losses recorded at the end of last week, before the Canada Thanksgiving holiday weekend, as both gold and silver hit record highs, and as Desjardins expects all but one Canadian province to experience higher real GDP growth next year, despite a new round of targeted tariffs from the United States.
US equity indexes were mixed on Tuesday after Federal Reserve Chair Jerome Powell hinted that the "quantitative tightening" program could end soon. * Federal Reserve Chair Jerome Powell said Tuesday the central bank could soon end its quantitative tightening efforts, adding that policymakers are "closely monitoring a wide range of indicators" to determine the right time, Reuters reported.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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