Canada Will Look at Opportunities to Remove Tariffs, Carney Says
Carney said it's because he wants to maximize the impacts of retaliatory tariffs on the US but minimize the pain for Canadian businesses.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Why APA Corporation Stock Rocked the Market Today
Key Points The company notched a pair of convincing beats in its second quarter. It crushed the average analyst projection for adjusted net income. 10 stocks we like better than Apa › Habitually profitable oil and gas company APA Corporation (NASDAQ: APA) posted a better-than-expected bottom line in its second quarter after market close Wednesday. Investors rewarded this by pushing its stock nearly 8% higher the following trading session. That compared very well to the S&P 500 index, which ended the session slightly down from Wednesday's close. Holding up well in the second quarter Oil prices weren't what they were not so long ago, so APA posted operational and financial declines in the quarter. On the back of a 2% year-over-year slide in barrels of oil equivalent (BOE) per day to 465,078, total revenue slipped to $2.61 billion from the year-ago quarter's $2.79 billion. Generally accepted accounting principles (GAAP) net profit headed in the opposite direction, rising to $665 million from $620 million. On a non-GAAP (adjusted), per-share basis, however, APA earned $0.87 on the bottom line against $1.17. Yet these results were more than good enough to top the average analyst estimates -- to understate the case. These called for an adjusted, bottom-line profit of merely $0.45 and total revenue of $2.07 billion. Upside surprises both at home and abroad APA attributed the better-than-expected performance to several factors, not least of which was its operations in the Permian Basin. It said that its oil production there exceeded its own guidance despite a significant (25%) reduction in rig count. Similarly, overseas it topped its internal targets for gas production, and in a hopeful note for the future, increased its forecasts for this in the second half of 2025. Should you buy stock in Apa right now? Before you buy stock in Apa, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Apa wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,099,758!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why APA Corporation Stock Rocked the Market Today was originally published by The Motley Fool
Yahoo
3 minutes ago
- Yahoo
Toyota Hit With $9.5B Tariff Bomb--Profit Forecast Slashed as Trade War Bites
Toyota (NYSE:TM) just slashed its full-year profit forecast by a staggering 600 billion, now projecting 3.2 trillion in operating income through March 2026down from its earlier 3.8 trillion estimate. The downgrade follows a sharp 1.4 trillion ($9.5 billion) projected hit from newly imposed U.S. tariffs, which have sent tremors across the global auto sector. First-quarter operating profit came in at 1.17 trillionstill above consensus estimates of 890 billionbut down 11% year-over-year, with 450 billion of that decline tied directly to tariff impacts. The revised guidance lands below analyst expectations and marks Toyota's most detailed warning yet since tariffs took effect. Warning! GuruFocus has detected 3 Warning Sign with TM. Ford, GM, and Stellantis have also flagged steep tariff costs, but Toyota's projection stands out. Ford recently raised its own estimate to $2 billion, GM says it could be facing $45 billion in exposure, and Stellantis is bracing for a 1.5 billion impact. Among its Japanese peers, Toyota's numbers also outsize Honda's 450 billion, Nissan's 300 billion, and Subaru's 210 billion estimates. According to Bloomberg Intelligence's Tatsuo Yoshida, Toyota could be intentionally conservativebut he notes the company is actively working to revise supply chains for U.S.-bound vehicles. Meanwhile, a newly inked trade deal pegs the tariff at 15%lower than the feared 25%, but details on implementation are still unclear. Yet Toyota isn't standing still. Despite the turbulence, the world's top-selling automaker posted record global sales in the first half of 2025, delivering 5.5 million unitsa 7.4% jump over the same period last year, driven by strong demand for hybrids in Japan, the U.S., and China. Toyota is targeting full-year sales of 11.2 million units and has committed to building a new domestic plant in Aichi, set to begin operations in the early 2030s. While tariffs are pressuring short-term profits, Toyota's long game may hinge on how well it can adapt its supply chain and leverage surging hybrid demand to ride out policy volatility. This article first appeared on GuruFocus.
Yahoo
3 minutes ago
- Yahoo
Under Armour earnings, Fed gov. Kugler's last day: What to Watch
Yahoo Finance Markets Reporter Josh Schafer takes a look at the top stories for investors to watch on Friday, Aug. 8. In the morning, Under Armour (UA), TeraWulf (WULF), Wendy's (WEN), and FuboTV (FUBO) will report quarterly earnings results. Friday is Federal Reserve Governor Adriana Kugler's last day after she announced her sudden resignation. Council of Economic Advisers chairman Dr. Stephen Miran will take Kugler's place as Fed governor. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. Time now for what to watch Friday, August 8th. Starting off on the earnings front. We'll be getting some more reporting from companies including Under Armour, TerraWolf, and Wendy's. Under Armour announcing results for the first quarter before the market opens. Analysts expecting the apparel company's overall sales to fall by a few percentage points. North America is expected to be weak due to fewer wholesale orders, cautious consumers, and continuing trade tensions. Moving over to Wendy's, the fast food restaurant chain reporting second quarter earnings before the opening bell. Analysts anticipating Wendy's global same-store sales to decline again as it did in the first quarter. Taking a look at the Federal Reserve, Fed Governor Adriana Kugler is finishing her final day as Fed governor on Friday. President Trump posting on Truth Social and nominating Stephen Miran, Council of Economic Advisors Chairman to serve in Kugler's seat as a Federal Reserve governor. Related Videos Tech rally, Apple breakout, crypto & 401(k)s: Market takeaways This 'potent combination' will continue to power Big Tech stocks Pinterest Q2 profit miss, Block Q2 revenue miss, Take-Two Q1 beat Why you should be cautious adding crypto to your 401(k) Sign in to access your portfolio
