{
}
Bank of America has downgraded Bank of Nova Scotia to Neutral from Buy, citing a significant shift in the operating outlook due to trade tensions and economic uncertainty. The price target has been reduced from C$82 to C$70, with concerns over the bank's exposure to Mexico and Latin America, as well as its CET1 capital ratio being below peers. BofA prefers Royal Bank of Canada, TD Bank, and CIBC amid the current economic challenges.
Agnico Eagle Mines Limited, a Canadian gold mining company, has been downgraded from Buy to Neutral by UBS, with a price target raised from USD 100 to USD 110. The company operates in Canada, Australia, Finland, and Mexico, with notable sites including the Canadian Malartic complex and Detour Lake. Its exploration projects span multiple regions, enhancing its portfolio in the precious metals sector.
Agnico Eagle Mines Limited, a Canadian gold mining company, has been downgraded to Neutral from Buy by UBS, with a price target increase to US$110 from US$100. The company operates in Canada, Australia, Finland, and Mexico, with a diverse portfolio of mines and exploration projects across these regions. Key operations include the Canadian Malartic Complex, Detour Lake, and Fosterville, among others.
Barclays has downgraded Canada Goose's stock rating from Equal Weight to Underweight, lowering the price target from $10 to $8 amid concerns over global macroeconomic pressures, increasing competition, and tariff risks. The stock, currently at $8.24, has dropped over 34% in six months and is near its 52-week low. Despite a recent earnings beat, revenue fell short of expectations, prompting analysts to express caution about the company's future performance.
UBS has downgraded Agnico-Eagle Mines Ltd from Buy to Neutral while raising its price target from $100 to $110. Despite a strong performance, with a 120% return over two years, the firm notes limited upside potential without further increases in gold prices or a re-rating of the company's valuation. Agnico-Eagle has also completed the acquisition of O3 Mining Inc. and increased its stakes in Collective Mining Ltd. and Cartier Resources Inc., aligning with its strategy to expand in the mining sector.
Port City Brewing anticipates producing 13,000 barrels this year, facing challenges from import tariffs that threaten ingredient costs and supply chains. The craft beer industry is struggling with lower sales and competition from hard seltzers, while brewers like Fat Head’s Brewery are stockpiling cans to mitigate rising aluminum prices. As the market matures, brewery closures are outpacing openings for the first time in years, highlighting the ongoing difficulties in the sector.
New tariffs imposed by the Trump administration are projected to raise U.S. consumer prices, with an expected increase in the effective tariff rate from 2% in 2024 to 8% in 2025. However, Wells Fargo economists suggest that factors like exchange rates, foreign price adjustments, and high profit margins in goods-related industries may cushion the inflationary impact. Despite these mitigating factors, a 0.6 percentage point rise in year-over-year consumer price inflation is anticipated, with core PCE inflation expected to remain above the Federal Reserve's target through 2026.
HIVE Digital Technologies Ltd., a cryptocurrency mining company operating in Canada, Sweden, and Iceland, is projected to report a -0.32 EPS for the current year. Despite a Buy rating from analysts, top-rated experts suggest five other stocks are better investment options. Recently, Charles Schwab Investment Management increased its holdings in HIVE by 126.4%, now owning about 0.50% of the company. HIVE's shares opened at $1.50, with a market cap of $237.14 million, and analysts have set an average price target of $7.64.
Imperial Oil (TSE:IMO) has been downgraded from a "neutral" to a "sell" rating by The Goldman Sachs Group. While one analyst has issued a sell rating, nine others maintain a "hold" rating, with a consensus target price of C$105.67. The company's shares recently traded at C$103.75, reflecting a market cap of C$54.16 billion.
On April 2, President Trump is expected to implement significant reciprocal tariffs on 15-25 countries, potentially using Section 338 of the Tariff Act of 1930 or the International Emergency Economic Powers Act. These tariffs may target nations with large trade deficits with the U.S. and high trade barriers, including China, the EU, India, Canada, and Japan. Barclays anticipates that real negotiations will commence post-April 2, warning of prolonged trade tensions ahead.
Canadian Dollar
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
BofA downgrades Bank of Nova Scotia amid economic uncertainty and trade tensions
Canadian Dollar
United States Dollar
Royal Bank of Canada
Bank of Nova Scotia
TD BANK PREF SERIES 9
Bank of America Corporation
CAN
Show more
16:59 31.03.2025
agnico eagle mines downgraded to neutral with price target increase to 110
Mexican Peso
Australian Dollar
Canadian Dollar
United States Dollar
Euro
Agnico Eagle Mines Limited
MEX
CAN
AUS
FIN
USA
Show more
16:53 31.03.2025
agnico eagle mines downgraded to neutral with price target increase
Mexican Peso
Australian Dollar
Canadian Dollar
United States Dollar
Euro
Agnico Eagle Mines Limited
MEX
CAN
AUS
FIN
USA
Show more
16:53 31.03.2025
barclays downgrades canada goose stock rating and lowers target price to eight dollars
Canadian Dollar
United States Dollar
Canada Goose Holdings Inc.
Raymond James Financial, Inc.
Barclays PLC
CAN
USA
Zachary Warring
Adrienne Yih
Show more
09:15 31.03.2025
ubs downgrades agnico-eagle stock rating but raises price target to 110
Canadian Dollar
United States Dollar
Barrick Gold Corp
Newmont Corporation
Cartier Resources Inc.
Collective Mining Ltd.
O3 Mining Inc
Agnico Eagle Mines Ltd
CAN
Daniel Major
Show more
09:01 31.03.2025
craft brewers face challenges from tariffs and changing consumer preferences
Canadian Dollar
United States Dollar
DEU
MEX
CAN
USA
Matt Cole
Bill Butcher
Cale Aylsworth
Bart Watson
Show more
15:00 30.03.2025
new tariffs may raise consumer prices but inflation impact could be cushioned
12:30 30.03.2025
hive digital technologies faces challenges with expected negative earnings per share
09:08 30.03.2025
goldman sachs downgrades imperial oil to sell amid mixed analyst ratings
19:16 28.03.2025
barclays predicts significant tariffs on multiple countries starting april 2
Japanese Yen
Indian Rupee
Canadian Dollar
United States Dollar
Euro
Barclays PLC
Apple Inc.
IND
CAN
JPN
USA
Joe Biden
Donald Trump
Show more
15:39 28.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
CEO Changes
Central Bank Actions
Global Trade Developments
GDP Growth & Recession Forecasts
Industry Mergers & Acquisitions
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Workplace Trends
Supply Chain Management
Startups & Entrepreneurship
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Microsoft Corporation
UBS Group AG
Credit Suisse Lux Digital Healt
Credit Suisse Strategic Income I
NVIDIA Corporation
Amazon.com, Inc.
AXA SA
Safran SA
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: