Egg prices fall to $5 a dozen in the U.S. from record highs
Egg prices pulled back 18 per cent from a record high last month, offering some relief as supplies recovered from bird flu shock, though tariffs risk higher costs ahead.
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Commodities
Porsche braces for sales dip over Trump’s tariff chaos
Porsche AG is expecting a dip in sales after consumers pulled forward purchases earlier this year to beat U.S. President Donald Trump’s auto tariffs.
S&P/TSX reshuffle to yield biggest turnover since 2022, Scotiabank says
U.S. President Donald Trump’s trade war is causing a reckoning on Canada’s benchmark stocks index, which is set to see an uptick in membership changes next month, Scotiabank analysts say.
Alberta government announces indefinite freeze on industrial carbon price
Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions.
NRG Energy bets on growing power demand with $12 billion assets deal
NRG Energy NRG.N said on Monday it would acquire power generation assets from energy infrastructure investment firm LS Power in a deal valued at $12 billion, as the U.S. utility bets on surging electricity demand, sending its shares up more than 17 per cent in early trading.
Oil leads commodity rally after U.S.-China truce as gold retreats
Oil powered higher with most other commodities, while gold fell, after China and the U.S. agreed to lower tariffs following a weekend of trade talks.
Pan American Silver to buy smaller rival MAG for US$2.1 billion
Pan American Silver Corp. agreed to buy smaller producer MAG Silver Corp. in a transaction valued at about US$2.1 billion, giving the bigger rival access to a major mine in Mexico.
Chinese elite’s favored car brand is getting a modern makeover
One of China’s oldest car brands is remaking itself for the modern era.
Toyota faces biggest hit from Trump tariffs among automakers
Toyota Motor Corp. is the biggest carmaker in the world — and also the auto industry’s biggest loser when it comes to projected losses from U.S. President Donald Trump’s trade war.
U.S. Farm economy is starting to see first hits from Trump tariffs
Donald Trump’s tariffs are upending crop trading, delaying tractor purchases and constraining imports of chemical supplies into the U.S.
Nestle to Raise Prices of Some US Chocolate on High Cocoa Costs
Nestle USA is increasing prices for some chocolate products due to commodity costs, a sign that sweet treats will stay expensive for consumers in the near term.
Pembina Pipeline sees demand for potential expansion to Cedar LNG project
The chief executive of Pembina Pipeline Corp. says he believes there will be enough demand to support an expansion to the Cedar LNG project on the B.C. coast as it looks to sign on more shippers for the first phase now in early construction.
Canada to build small modular nuclear reactor, first within G-7
Canada approved a $20.9 billion (US$15.1 billion) plan to build a new, smaller kind of nuclear power plant, providing a significant shot in the arm for the nascent industry.
BP-Shell megadeal would create European rival to Exxon Mobil
If Shell Plc were to acquire BP Plc, it would be among the largest deals in European history, creating for the first time a European oil major that could challenge industry leaders Exxon Mobil Corp. and Chevron Corp.
Brookfield targets U.K. pension market for growth as earnings jump 30%
Brookfield Corp. is eyeing faster international growth in its insurance and wealth business, with a particular focus on the U.K., after that division helped propel the firm’s earnings in the first quarter.
Canada banks keep climate pledges as rival RBC drops targets
Royal Bank of Canada’s decision to drop its sustainable finance commitment has sparked speculation that other major Canadian players could quietly walk away from their own goals on climate-related lending, underwriting and advisory work.