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Geoffrey Morgan

@geoffmorgan.bsky.social
352 followers 34 following 20 posts

Equities reporter with Bloomberg News in Toronto. Opinions my own.

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Reposted by Geoffrey Morgan
Bloomberg News @bloomberg.com · 24/11/2025
Our 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
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Reposted by Geoffrey Morgan
Stephanie Hughes @stephaniehughes.bsky.social · 02/07/2025
Despite 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.com
Gold Helps Canada’s Stocks Benchmark Outshine the S&P 500
Despite 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.
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Reposted by Geoffrey Morgan
Stephanie Hughes @stephaniehughes.bsky.social · 08/04/2025
Money 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.com
Shine Is Off Canadian Stocks as Tariff Drama Hurts Tech and Gold
Investment 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.
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Reposted by Geoffrey Morgan
Derek DeCloet @decloet.bsky.social · 03/04/2025
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Stephanie Hughes @stephaniehughes.bsky.social · 03/04/2025
Canadian 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.com
Canada Stocks Fall Most Since 2022 in Tariff-Induced Market Rout
Canadian stocks dropped in morning trading, falling with global markets after US President Donald Trump applied tariffs to most of its trading partners.
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Geoffrey Morgan @geoffmorgan.bsky.social · 02/04/2025
Volatility 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.com
Trade War Saps Canadian Share-Sale Market Despite Metals Deals
Volatility 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.
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Geoffrey Morgan @geoffmorgan.bsky.social · 02/04/2025
Vehicle 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.com
Trump’s Trade War Forces Canada Into Decision on Whether to Hit US Autos
Vehicle 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...
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Reposted by Geoffrey Morgan
Stephanie Hughes @stephaniehughes.bsky.social · 27/03/2025
Canada'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.com
Canada Conservatives’ Tax-Shelter Plan Is Potential Boon for Toronto Stocks
An 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.
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Geoffrey Morgan @geoffmorgan.bsky.social · 24/03/2025
A 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.com
Bullion Explorer Makes MAGA Pitch With New Name: Made in America Gold
A 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 ...
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Reposted by Geoffrey Morgan
Mathieu Dion @mathieudion.bsky.social · 06/03/2025
Despite 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.com
Canada’s Anti-Musk Pivot Hits Starlink’s Second-Biggest Market
Ontario 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...
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Brian Platt @brianplatt.bsky.social · 06/03/2025
Actual Bloomberg alert just sent: *TRUMP: GLOBALISTS ARE BEHIND STOCK SELL OFF
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Derek DeCloet @decloet.bsky.social · 02/03/2025
Last 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 North
Grocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods.
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Thomas Seal @twseal.bsky.social · 27/02/2025
The "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 up
bloomberg.com
‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the North
Grocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods.
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Geoffrey Morgan @geoffmorgan.bsky.social · 28/02/2025
Canadians 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 North
Grocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods.
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Reposted by Geoffrey Morgan
Kevin Orland @kevinorland.bsky.social · 27/02/2025
If 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 North
Grocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods.
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Reposted by Geoffrey Morgan
Timothy Burke @bubbaprog.xyz · 21/02/2025
AS CALLED ON: Canadian TV (English) Canadian TV (French) NHL Radio ESPN Deportes
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Stephanie Hughes @stephaniehughes.bsky.social · 11/02/2025
Coveo 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.com
Coveo Executive Tetu Looks Past Tech, Invests in Energy
The 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.
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Stephanie Hughes @stephaniehughes.bsky.social · 04/02/2025
Canadian 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.com
Canadian Traders Pivot to Safe Bets as Tariff Threats Ramp Up
Canadian money managers are gearing up for more turbulence in trading this week after an escalating trade war sparked Monday’s sharp selloff.
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Reposted by Geoffrey Morgan
Stephanie Hughes @stephaniehughes.bsky.social · 04/02/2025
One 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.com
Trump’s Tariff Shock Forces Rethink of Canadian Index Targets
One 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.
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Kevin Orland @kevinorland.bsky.social · 03/02/2025
From 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.com
Canadians Boo US Anthem as They Seethe Over Trump Tariff Threats
From the rocky shores of Newfoundland to the towering forests of British Columbia, Canadians have an unfamiliar feeling growing inside them: They are angry.
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Geoffrey Morgan @geoffmorgan.bsky.social · 03/02/2025
Canada’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.social
bloomberg.com
Canadian Stocks Are Likely to See Correction After Trump Tariffs
Canada’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.
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Reposted by Geoffrey Morgan
Stephanie Hughes @stephaniehughes.bsky.social · 28/01/2025
As 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.com
Gold Stocks Shine in Toronto as Yawning Rate Gap Pummels Loonie
As 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...
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Reposted by Geoffrey Morgan
Kevin Orland @kevinorland.bsky.social · 22/01/2025
President 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.com
Trump Tariff Threats Widen Gap Between US, Canada Oil Stocks
President 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.
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Geoffrey Morgan @geoffmorgan.bsky.social · 22/01/2025
ICYMI: 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.com
Canada a ‘Good Place to Hide’ If US Stocks Drop, Contrarian Says
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.
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Geoffrey Morgan @geoffmorgan.bsky.social · 22/01/2025
President 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.com
Trump Tariff Threats Widen Gap Between US, Canada Oil Stocks
President 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.
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Reposted by Geoffrey Morgan
Stephanie Hughes @stephaniehughes.bsky.social · 17/01/2025
Canadian 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.com
Canada a ‘Good Place to Hide’ If US Stocks Drop, Contrarian Says
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.
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Reposted by Geoffrey Morgan
Stephanie Hughes @stephaniehughes.bsky.social · 13/01/2025
Bay 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.com
Political Turmoil Sends Canadian Traders Back to Drawing Board
Up and down Toronto’s Bay Street, investors and strategists are rewriting the playbook for Canadian stocks. The reason, naturally, is Donald Trump.
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Geoffrey Morgan @geoffmorgan.bsky.social · 13/01/2025
Up 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.social
bloomberg.com
Political Turmoil Sends Canadian Traders Back to Drawing Board
Up and down Toronto’s Bay Street, investors and strategists are rewriting the playbook for Canadian stocks. The reason, naturally, is Donald Trump.
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Reposted by Geoffrey Morgan
Brian Platt @brianplatt.bsky.social · 10/01/2025
Trudeau'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.com
Canada Plots Broad Tariff Retaliation If Trump Starts Trade War
Canada 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.
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Geoffrey Morgan @geoffmorgan.bsky.social · 02/01/2025
Vistra 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.com
Vistra Is First Utility to Top S&P 500 Since 2001 Amid AI Boom
Vistra 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.
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Geoffrey Morgan @geoffmorgan.bsky.social · 17/12/2024
While 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.com
Dow Industrials Is Mired in Longest Slide Since 1978
While 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.
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Reposted by Geoffrey Morgan
George Takei @georgetakei.bsky.social · 12/12/2024
Why trade wars are bad for consumers, Exhibit 1.
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Geoffrey Morgan @geoffmorgan.bsky.social · 12/12/2024
The 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.com
S&P 500’s Record Rally Shows Cracks as Most Stocks Left Out
Beneath 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.
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Reposted by Geoffrey Morgan
Mathieu 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.com
Billionaire Lutfy’s Dynamite IPO Was a Matter of Succession
The 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...
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Geoffrey Morgan @geoffmorgan.bsky.social · 06/12/2024
Canadian Western Bank shares sank after the firm delayed its fiscal fourth-quarter earnings release Friday morning and left investors guessing why.
bloomberg.com
Canadian Western Bank Plunges as Results Delayed With No Explanation
Canadian Western Bank shares sank after the firm delayed its fiscal fourth-quarter earnings release Friday morning and left investors guessing why.
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Kevin Orland @kevinorland.bsky.social · 05/12/2024
The 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.com
Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs
The 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...
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Mathieu Dion @mathieudion.bsky.social · 03/12/2024
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Geoffrey Morgan @geoffmorgan.bsky.social · 04/12/2024
My 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.com
Trump Threats Will Fail to Derail Canadian Stock Gains, AGF Says
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.
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Geoffrey Morgan @geoffmorgan.bsky.social · 03/12/2024
Equity 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.com
Trump Tariffs Pose Asymmetric Risk to Toronto Equity Investors
Equity 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%.
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Reposted by Geoffrey Morgan
Mathieu Dion @mathieudion.bsky.social · 02/12/2024
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Randy Thanthong-Knight @rtkwrites.bsky.social · 29/11/2024
The 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. 11
bloomberg.com
Weak Third-Quarter Growth of 1% to Keep Bank of Canada Cutting
The 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.
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Geoffrey Morgan @geoffmorgan.bsky.social · 29/11/2024
New 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.com
Canada Stocks Upgraded to Overweight by Ned Davis After 22% Jump
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.
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Thomas Seal @twseal.bsky.social · 28/11/2024
Canada 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 conduct
canada.ca
Backgrounder: Competition Bureau sues Google for anti-competitive conduct in online advertising in Canada - Canada.ca
The Competition Bureau is taking legal action against Google for anti-competitive conduct in online advertising technology services in Canada.
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Thomas Seal @twseal.bsky.social · 27/11/2024
Trump 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:
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Stephanie Hughes @stephaniehughes.bsky.social · 26/11/2024
Tariff 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.com
Canadian Stocks Drop as Traders Sell Into Trump’s Tariff Threats
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.
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Mathieu Dion @mathieudion.bsky.social · 26/11/2024
Pensez-y bien...
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Jay Zhao-Murray @jayzm.bsky.social · 26/11/2024
I made a chart.
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Geoffrey Morgan @geoffmorgan.bsky.social · 26/11/2024
with @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.com
Canadian Stocks Drop as Traders Sell Into Trump’s Tariff Threats
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.
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Mathieu Dion @mathieudion.bsky.social · 26/11/2024
Worst 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."
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Christine Dobby @christinedobby.bsky.social · 22/11/2024
TD 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.com
TD Investors Turn Spotlight on Board as US Penalties Sink In
Also: How Roy Gori made the decision to retire as Manulife CEO
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