
Carney Eyes Mid-September Visit to Mexico Amid Strained US Ties
Carney is expected to meet with Mexican President Claudia Sheinbaum, and the two are likely to discuss reinforcing supply chains and key infrastructure to grow bilateral trade, said the person, who asked not to be identified to discuss private matters. It's possible the exact timing of the meeting may change, but the current plan is for mid-September.
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Canadian dollar steadies ahead of domestic inflation data
By Fergal Smith TORONTO (Reuters) -The Canadian dollar was barely changed against its U.S. counterpart on Monday as oil prices rose and investors awaited domestic inflation data that could guide expectations for the Bank of Canada policy outlook. The loonie was trading nearly unchanged at 1.3814 per U.S. dollar, or 72.39 U.S. cents, after moving in a range of 1.3784 to 1.3831. Canada's consumer price index report for July is due on Tuesday. Economists expect the annual rate of increase in consumer prices to ease to 1.8% from 1.9% in June, but measures of underlying inflation that are closely tracked by the BoC are forecast to remain well above the central bank's 2% target. "Tomorrow's Canadian inflation report should remain too hot for comfort," Karl Schamotta, chief market strategist at Corpay, said in a note. "The central bank's preferred trim and median core measures are likely to hold close to the 3% threshold for now as retaliatory tariffs and still-resilient consumer spending levels translate into upward pressure on prices." Investors see a 68% chance that the BoC would leave interest rates unchanged at its next policy decision on September 17. The central bank has been on hold since lowering the benchmark rate to 2.75% in March. The price of oil, one of Canada's major exports, was up 0.5% at $63.11 a barrel, while the U.S. dollar notched gains against a basket of major currencies. Canadian housing starts unexpectedly rose in July, advancing 4% from the previous month, data from the national housing agency showed. Data on Friday from the U.S. Commodity Futures Trading Commission showed that speculators have raised their bearish bets on the Canadian dollar to the highest level since June. The Canadian 10-year yield was up 2.7 basis points at 3.489%, after earlier touching its highest level since July 30 at 3.506%.
Yahoo
26 minutes ago
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Bausch Health (BHC) Climbs 45% on Insider Buying
We recently published . Bausch Health Companies Inc. (NYSE:BHC) is one of the last week's top performers. Bausch Health jumped by 45.04 percent week-on-week, on a combination of bargain-hunting and mirroring an insider purchase last Friday. In a regulatory filing, Bausch Health Companies Inc. (NYSE:BHC) said that Paulson Capital Inc. and its affiliates acquired 34.7 million of its shares from Carl C. Icahn and affiliates, effectively boosting its total ownership to 19.13 percent. Following the transaction that saw the sellers' shares fall below the threshold to earn a board seat, the Icahn Group officially exited Bausch Health Companies Inc.'s (NYSE:BHC) higher management. Copyright: nimon / 123RF Stock Photo Additionally, Brett M. Icahn and Steven D. Miller have resigned from the company's board of directors. In recent news, Bausch Health Companies Inc. (NYSE:BHC) expanded its attributable net income by 1,380 percent in the second quarter of the year to $148 million from only $10 million in the same period last year. Revenues also grew by 5 percent to $2.53 billion from $2.4 billion. While we acknowledge the potential of BHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
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U.S. Credit Card Metrics Send Mixed July Signals
Credit card health in the U.S. showed a split picture in July late payments crept up a touch, but the actual losses banks had to swallow moved lower. Delinquencies, which track borrowers falling behind on payments, ticked up to 2.66% from 2.63% in June. Even so, that's still an improvement from 2.87% a year ago and not far from the 2.68% level seen back in July 2019, before the pandemic. Warning! GuruFocus has detected 5 Warning Signs with RGTI. Net charge-offs, or debts written off as uncollectible, slipped to 3.63% from 3.80% the month before and 4.09% a year earlier. The only catch: that's still a bit higher than the 3.59% rate in mid-2019. The pattern holds even when you strip out Bread Financial's (BFH) higher numbers. And Capital One's (COF) latest results now fold in Discover Financial, following their June 2025 deal, so historical comparisons are a little tricky. For investors, the message is clear enough: consumers are showing a few more signs of strain, but banks aren't seeing losses spiral at least not yet. This article first appeared on GuruFocus. Sign in to access your portfolio