Reposted by Geoffrey MorganBloomberg News @bloomberg.com · 24/11/2025Our new Canada Daily newsletter will bring you the latest on business, the economy and politics from our five bureaus across the country. 🇨🇦 Subscribe now so you don't miss our first edition: bloom.bg/4rjmVqY 1218
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 02/07/2025Despite trade tensions and a weakening economy, Canada's TSX index outshone its US counterpart in the first half thanks to a record-breaking gold rally. The question now is whether the gold-led rally will fade. More from @geoffmorgan.bsky.social and I: www.bloomberg.com/news/article...bloomberg.comGold Helps Canada’s Stocks Benchmark Outshine the S&P 500Despite ongoing trade tensions and a weakening economy, Canada’s main stocks benchmark outshone its US counterpart in the first half thanks to a record-breaking gold rally. 001
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 08/04/2025Money managers who pointed to the TSX as a safe place to hide if the US tech bubble burst are now pivoting from that advice as Canadian stocks are "caught in the downdraft" of tariff drama. More from @geoffmorgan.bsky.social, @cuhe.bsky.social and I: www.bloomberg.com/news/article...bloomberg.comShine Is Off Canadian Stocks as Tariff Drama Hurts Tech and GoldInvestment fund managers who pitched Toronto-listed stocks as a place to hide from a US technology downturn have changed that advice because of President Donald Trump’s tariffs. 011
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 03/04/2025Canadian stocks dropped in morning trading, falling with global markets after US President Donald Trump applied tariffs to most of its trading partners. From @geoffmorgan.bsky.social and I in our @bloomberg.com markets coverage: www.bloomberg.com/news/article...bloomberg.comCanada Stocks Fall Most Since 2022 in Tariff-Induced Market RoutCanadian stocks dropped in morning trading, falling with global markets after US President Donald Trump applied tariffs to most of its trading partners. 001
Geoffrey Morgan @geoffmorgan.bsky.social · 02/04/2025Volatility from trade tensions with the US kept a lid on Canada’s market for equity deals in the first quarter, even as activity in precious metals perked up.bloomberg.comTrade War Saps Canadian Share-Sale Market Despite Metals DealsVolatility from trade tensions with the US kept a lid on Canada’s market for equity deals in the first quarter, even as activity in precious metals perked up. 010
Geoffrey Morgan @geoffmorgan.bsky.social · 02/04/2025Vehicle buyers in Canada are trying to beat the price hikes of a trade war, as the government of Prime Minister Mark Carney prepares to strike back against the latest fusillade of import taxes from the White House.bloomberg.comTrump’s Trade War Forces Canada Into Decision on Whether to Hit US AutosVehicle buyers in Canada are trying to beat the price hikes of a trade war, as the government of Prime Minister Mark Carney prepares to strike back against the latest fusillade of import taxes from th... 010
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 27/03/2025Canada's Conservative Party promise to allow individuals to avoid income taxes on some investments in domestic companies is being lauded by some in Toronto’s financial district. More from @geoffmorgan.bsky.social and I: www.bloomberg.com/news/article...bloomberg.comCanada Conservatives’ Tax-Shelter Plan Is Potential Boon for Toronto StocksAn election promise by Canada’s Conservative Party that would allow individuals to avoid income taxes on some investments in domestic companies is being lauded in Toronto’s financial district. 101
Geoffrey Morgan @geoffmorgan.bsky.social · 24/03/2025A Canadian investment firm changed the name of its US-focused subsidiary to Made in America Gold from NV King Goldlands. The switch comes as US President Donald Trump is encouraging firms to relocate operations to the country and threatening imports with escalating tariffs.bloomberg.comBullion Explorer Makes MAGA Pitch With New Name: Made in America GoldA Canadian investment firm changed the name of its US-focused subsidiary to Made in America Gold from NV King Goldlands. The switch comes as US President Donald Trump is encouraging firms to relocate ... 010
Reposted by Geoffrey MorganMathieu Dion @mathieudion.bsky.social · 06/03/2025Despite patriotic Canadians' desire to boycott American goods, many rely on Starlink's internet service, which has become a lifeline for remote communities. “What is the alternative? There’s not much alternative,” said Quebec’s minister Gilles Belanger. www.bloomberg.com/news/article...bloomberg.comCanada’s Anti-Musk Pivot Hits Starlink’s Second-Biggest MarketOntario Premier Doug Ford on Tuesday responded to US President Donald Trump’s tariffs by ripping up the Canadian province’s contract with Elon Musk’s Starlink. “It’s done; it’s gone,” Ford said of the... 4317
Reposted by Geoffrey MorganBrian Platt @brianplatt.bsky.social · 06/03/2025Actual Bloomberg alert just sent: *TRUMP: GLOBALISTS ARE BEHIND STOCK SELL OFF 65011
Reposted by Geoffrey MorganDerek DeCloet @decloet.bsky.social · 02/03/2025Last chance? If it’s a product of the USA, Canadian consumers are increasingly saying, “no chance.” Story by our @geoffmorgan.bsky.social (gift link) www.bloomberg.com/news/article...bloomberg.com‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the NorthGrocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods. 378
Reposted by Geoffrey MorganThomas Seal @twseal.bsky.social · 27/02/2025The "Buy Canada" movement is real, reports @geoffmorgan.bsky.social At Loblaws, the country’s largest food purchaser, sales of Canadian food had already grown by 8% in the first week of February - before signs identifying domestic products went upbloomberg.com‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the NorthGrocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods. 715537
Geoffrey Morgan @geoffmorgan.bsky.social · 28/02/2025Canadians are buying either local produce or non-US produce. Shunning American alcohol. Cancelling US-bound trips. My latest: The Buy Canada, Bye America movement: www.bloomberg.com/news/article...bloomberg.com‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the NorthGrocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods. 010
Reposted by Geoffrey MorganKevin Orland @kevinorland.bsky.social · 27/02/2025If you were wondering whether Canadians were still upset about Trump's tariff threats, @geoffmorgan.bsky.social has some news for you www.bloomberg.com/news/article...bloomberg.com‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the NorthGrocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods. 111
Reposted by Geoffrey MorganTimothy Burke @bubbaprog.xyz · 21/02/2025AS CALLED ON: Canadian TV (English) Canadian TV (French) NHL Radio ESPN Deportes 311046331
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 11/02/2025Coveo CEO Louis Tetu sets his investment sights past the Magnificent Seven and toward energy stocks, banking on power-hungry AI data centers to drive more demand. $CVO More from me, @geoffmorgan.bsky.social and @mathieudion.bsky.social: www.bloomberg.com/news/article...bloomberg.comCoveo Executive Tetu Looks Past Tech, Invests in EnergyThe chief executive officer of artificial intelligence-focused Coveo Solutions Inc. doesn’t invest in the Magnificent Seven. Instead, his portfolio features one of the market’s cheapest sectors. 001
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 04/02/2025Canadian money managers are gearing up for more turbulence in trading this week with tariff uncertainty hanging over the markets. They're eyeing cash, gold names, among others. More in the latest from @geoffmorgan.bsky.social and I: www.bloomberg.com/news/article...bloomberg.comCanadian Traders Pivot to Safe Bets as Tariff Threats Ramp UpCanadian money managers are gearing up for more turbulence in trading this week after an escalating trade war sparked Monday’s sharp selloff. 011
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 04/02/2025One day of extreme volatility has shaken Canada’s stock market to the point that strategists may re-consider their benchmark targets for the entire year, argue some Bay Street market strategists. More from @geoffmorgan.bsky.social and I: www.bloomberg.com/news/article...bloomberg.comTrump’s Tariff Shock Forces Rethink of Canadian Index TargetsOne day of extreme volatility has shaken Canada’s stock market to the point that strategists may re-consider their benchmark targets for the entire year. 1226
Reposted by Geoffrey MorganKevin Orland @kevinorland.bsky.social · 03/02/2025From the rocky shores of Newfoundland to the towering forests of British Columbia, Canadians have an unfamiliar feeling growing inside them: They are angry. Very, very angry. www.bloomberg.com/news/article...bloomberg.comCanadians Boo US Anthem as They Seethe Over Trump Tariff ThreatsFrom the rocky shores of Newfoundland to the towering forests of British Columbia, Canadians have an unfamiliar feeling growing inside them: They are angry. 074
Geoffrey Morgan @geoffmorgan.bsky.social · 03/02/2025Canada’s benchmark stocks gauge may see a sharp correction after US President Donald Trump signed an executive order imposing tariffs on imports from the country on Saturday, analysts say. www.bloomberg.com/news/article... w/ @stephaniehughes.bsky.socialbloomberg.comCanadian Stocks Are Likely to See Correction After Trump TariffsCanada’s benchmark stocks gauge may see a sharp correction after US President Donald Trump signed an executive order imposing tariffs on imports from the country on Saturday, analysts say. 011
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 28/01/2025As Canada’s currency weakens, fund managers are leaning into sectors that pay expenses in CAD while collecting revenue in US dollars. That has made buying stocks in gold miners a jackpot trade. The latest from @geoffmorgan.bsky.social and I: www.bloomberg.com/news/article...bloomberg.comGold Stocks Shine in Toronto as Yawning Rate Gap Pummels LoonieAs Canada’s currency weakens, fund managers are leaning into sectors that pay expenses in the local currency while collecting revenue in US dollars. That has made buying stocks in gold miners a jackpo... 011
Reposted by Geoffrey MorganKevin Orland @kevinorland.bsky.social · 22/01/2025President Trump’s repeated threats to impose steep tariffs on Canada and other friendly nations have left Toronto with some of the world’s worst-performing oil and gas stocks @geoffmorgan.bsky.social breaks it down www.bloomberg.com/news/article...bloomberg.comTrump Tariff Threats Widen Gap Between US, Canada Oil StocksPresident Donald Trump’s repeated threats to slap steep tariffs on Canada and other friendly nations have left Toronto with some of the world’s worst-performing oil and gas stocks. 012
Geoffrey Morgan @geoffmorgan.bsky.social · 22/01/2025ICYMI: Canada’s stock market — where returns have lagged the US for two straight years — might offer investors protection against a downturn in US stocks, a Toronto-based asset manager says. www.bloomberg.com/news/article...bloomberg.comCanada a ‘Good Place to Hide’ If US Stocks Drop, Contrarian SaysCanada’s stock market — where returns have lagged the US for two straight years — might offer investors protection against a downturn in US stocks, a Toronto-based asset manager says. 001
Geoffrey Morgan @geoffmorgan.bsky.social · 22/01/2025President Donald Trump’s repeated threats to slap steep tariffs on Canada and other friendly nations have left Toronto with some of the world’s worst-performing oil and gas stocks.bloomberg.comTrump Tariff Threats Widen Gap Between US, Canada Oil StocksPresident Donald Trump’s repeated threats to slap steep tariffs on Canada and other friendly nations have left Toronto with some of the world’s worst-performing oil and gas stocks. 000
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 17/01/2025Canadian equities, which have trailed the US for two straight years, may be a safe place to hide during a downturn in US stocks, says Picton Mahoney. More from @geoffmorgan.bsky.social and I: www.bloomberg.com/news/article...bloomberg.comCanada a ‘Good Place to Hide’ If US Stocks Drop, Contrarian SaysCanada’s stock market — where returns have lagged the US for two straight years — might offer investors protection against a downturn in US stocks, a Toronto-based asset manager says. 002
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 13/01/2025Bay Street market strategists are going over their investment game plans since Trudeau's resignation and Trump's comments to use "economic force" to make Canada the 51st state. More in my latest for @bloomberg.com with @geoffmorgan.bsky.social: www.bloomberg.com/news/article...bloomberg.comPolitical Turmoil Sends Canadian Traders Back to Drawing BoardUp and down Toronto’s Bay Street, investors and strategists are rewriting the playbook for Canadian stocks. The reason, naturally, is Donald Trump. 001
Geoffrey Morgan @geoffmorgan.bsky.social · 13/01/2025Up and down Toronto’s Bay Street, investors and strategists are rewriting the playbook for Canadian stocks. The reason, naturally, is Donald Trump. w/ @stephaniehughes.bsky.socialbloomberg.comPolitical Turmoil Sends Canadian Traders Back to Drawing BoardUp and down Toronto’s Bay Street, investors and strategists are rewriting the playbook for Canadian stocks. The reason, naturally, is Donald Trump. 011
Reposted by Geoffrey MorganBrian Platt @brianplatt.bsky.social · 10/01/2025Trudeau's government is preparing a huge range of tariffs on US imports if Trump proceeds with his economy-wide 25% levy, sources say. This is not like 2018, where Canada only targeted a few strategic goods with retaliation. www.bloomberg.com/news/article...bloomberg.comCanada Plots Broad Tariff Retaliation If Trump Starts Trade WarCanada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter. 5164
Geoffrey Morgan @geoffmorgan.bsky.social · 02/01/2025Vistra Corp. just pulled off a feat that no other utility stock has managed since 2001 — it topped the leaderboard of the S&P 500 Index with an eye-popping 264% annual gain.bloomberg.comVistra Is First Utility to Top S&P 500 Since 2001 Amid AI BoomVistra Corp. just pulled off a feat that no other utility stock has managed since 2001 — it topped the leaderboard of the S&P 500 Index with an eye-popping 264% annual gain. 000
Geoffrey Morgan @geoffmorgan.bsky.social · 17/12/2024While US equities churn near all-time highs, one of the most closely watched indexes is mired in its longest losing streak since Jimmy Carter was president. The Dow Jones Industrial Average fell 0.6% as of 11 a.m. in New York and is headed for a ninth straight decline.bloomberg.comDow Industrials Is Mired in Longest Slide Since 1978While US equities churn near all-time highs, one of the most closely watched indexes is mired in its longest losing streak since Jimmy Carter was president. 000
Reposted by Geoffrey MorganGeorge Takei @georgetakei.bsky.social · 12/12/2024Why trade wars are bad for consumers, Exhibit 1. 1301891241
Geoffrey Morgan @geoffmorgan.bsky.social · 12/12/2024The S&P 500 Index is now headed for its ninth consecutive day where the number of constituents falling outnumbers those rising. That’s longest such streak since Bloomberg started collecting the data in 2004.bloomberg.comS&P 500’s Record Rally Shows Cracks as Most Stocks Left OutBeneath a stock market that goes from one record to the next lies a concerning trend for some Wall Street strategists: Fewer stocks are buttressing the advance. 000
Reposted by Geoffrey MorganMathieu Dion @mathieudion.bsky.social · 09/12/2024“PE firms like buying broken assets, adding value, and then exiting three to five years later at a profit. Although they marveled at our business, they had a hard time appreciating where they could fit in, and we agreed.” The IPO became the best option. www.bloomberg.com/news/article...bloomberg.comBillionaire Lutfy’s Dynamite IPO Was a Matter of SuccessionThe retail entrepreneur behind fast-fashion chain Groupe Dynamite Inc. says he decided to take the company public after exploring talks with private equity groups and determining they weren’t the righ... 012
Geoffrey Morgan @geoffmorgan.bsky.social · 06/12/2024Canadian Western Bank shares sank after the firm delayed its fiscal fourth-quarter earnings release Friday morning and left investors guessing why.bloomberg.comCanadian Western Bank Plunges as Results Delayed With No ExplanationCanadian Western Bank shares sank after the firm delayed its fiscal fourth-quarter earnings release Friday morning and left investors guessing why. 000
Reposted by Geoffrey MorganKevin Orland @kevinorland.bsky.social · 05/12/2024The expansion of Trans Mountain was an expensive bid to help reduce Canadian oil producers' near-total reliance on US markets. If Trump follows through on his tariff threats, that bet could prove it worth. www.bloomberg.com/news/article...bloomberg.comOil Patch in Canada Has $24 Billion Shield Against Trump TariffsThe expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers reduce their near-total reliance on the US market. That’s a bet that may pay off soo... 012
Geoffrey Morgan @geoffmorgan.bsky.social · 04/12/2024My latest: Looser regulation in the US is poised to outweigh the threat of hefty tariffs when it comes to the outlook for Canadian equities next year, according to AGF Investments Inc.bloomberg.comTrump Threats Will Fail to Derail Canadian Stock Gains, AGF SaysLooser regulation in the US is poised to outweigh the threat of hefty tariffs when it comes to the outlook for Canadian equities next year, according to AGF Investments Inc. 000
Geoffrey Morgan @geoffmorgan.bsky.social · 03/12/2024Equity investors in Toronto and New York face vastly different risks following President-elect Donald Trump’s threat to ramp up tariffs on cross-border trade to 25% from previous expectations of 10%.bloomberg.comTrump Tariffs Pose Asymmetric Risk to Toronto Equity InvestorsEquity investors in Toronto and New York face vastly different risks following President-elect Donald Trump’s threat to ramp up tariffs on cross-border trade to 25% from previous expectations of 10%. 010
Reposted by Geoffrey MorganRandy Thanthong-Knight @rtkwrites.bsky.social · 29/11/2024The Canadian economy eked out a small gain last month after a weaker-than-forecast third quarter. *October GDP estimate: 0.1% *Sept. GDP: 0.1% vs 0.3% expectations *3Q GDP: 1% annualized vs 1.5% BOC forecast After the release, traders increased their bets for a second straight 50bps cut on Dec. 11bloomberg.comWeak Third-Quarter Growth of 1% to Keep Bank of Canada CuttingThe Canadian economy eked out a small gain last month after a weaker-than-forecast third quarter, keeping the Bank of Canada on track to keep cutting rates. 001
Geoffrey Morgan @geoffmorgan.bsky.social · 29/11/2024New from this morning: The rally in Canadian equities led Ned Davis Research to urge investors to boost their exposure to the market by upgrading Toronto-listed stocks to overweight.bloomberg.comCanada Stocks Upgraded to Overweight by Ned Davis After 22% JumpThe rally in Canadian equities led Ned Davis Research to urge investors to boost their exposure to the market by upgrading Toronto-listed stocks to overweight. 010
Reposted by Geoffrey MorganThomas Seal @twseal.bsky.social · 28/11/2024Canada Competition Bureau sues Google over anticompetitive conduct in online advertising Agency has applied to court for Google to sell two adtech units, pay a penalty, and stop alleged the alleged conductcanada.caBackgrounder: Competition Bureau sues Google for anti-competitive conduct in online advertising in Canada - Canada.caThe Competition Bureau is taking legal action against Google for anti-competitive conduct in online advertising technology services in Canada. 153
Reposted by Geoffrey MorganThomas Seal @twseal.bsky.social · 27/11/2024Trump threatened 25% tariffs on Mexico and Canada demanding they stop fentanyl and undocumented migrants crossing the border. US customs data show about 1000 times more fentanyl was intercepted at the southwest border vs the north in the last couple of years: 144
Reposted by Geoffrey MorganStephanie Hughes @stephaniehughes.bsky.social · 26/11/2024Tariff threats led to Canada's main stock index struggling for most of the trading day today as industrials weighed on the S&P/TSX Composite. w/ @geoffmorgan.bsky.social More in the Bloomberg team's tariff coverage: www.bloomberg.com/news/article...bloomberg.comCanadian Stocks Drop as Traders Sell Into Trump’s Tariff ThreatsIndustrial stocks led declines in Toronto on Tuesday after US President-elect Donald Trump threatened 25% tariffs on goods produced in Canada and Mexico on Monday night. 031
Geoffrey Morgan @geoffmorgan.bsky.social · 26/11/2024with @stephaniehughes.bsky.social: Industrial stocks led declines in Toronto on Tuesday after US President-elect Donald Trump threatened 25% tariffs on goods produced in Canada and Mexico on Monday night.bloomberg.comCanadian Stocks Drop as Traders Sell Into Trump’s Tariff ThreatsIndustrial stocks led declines in Toronto on Tuesday after US President-elect Donald Trump threatened 25% tariffs on goods produced in Canada and Mexico on Monday night. 054
Reposted by Geoffrey MorganMathieu Dion @mathieudion.bsky.social · 26/11/2024Worst performer today on the TSX due to Trump's tariff shock: Bombardier, which fell as much as 13%. Bloomberg Intelligence: "Bombardier is susceptible to Trump-imposed tariffs, with most of the manufacturing of its business jets done in Canada, while its most-important market is the US." 01210
Reposted by Geoffrey MorganChristine Dobby @christinedobby.bsky.social · 22/11/2024TD Bank's money-laundering problems destroyed CEO Bharat Masrani's legacy, but now some shareholders are asking: where's the accountability for the board? Read Bay Street Edition, our weekly newsletter: www.bloomberg.com/news/newslet...bloomberg.comTD Investors Turn Spotlight on Board as US Penalties Sink InAlso: How Roy Gori made the decision to retire as Manulife CEO 041