By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Some confusion over tariffs arose on Wednesday after United States President Donald Trump said the 25 per cent levies to be imposed on imports from Canada and Mexico would take effect on April 2. A White House official later that day reiterated March 4 still remains the date the tariffs would be in place, however that could change “pending ongoing negotiations.”
Read Also
Global Markets: Carney imposes tariffs to protect Canadian steel industry
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- United Kingdom Prime Minister Keir Starmer is set to meet with President Trump on Thursday at the White House. Starmer will be the second major European leader to meet with Trump this week, preceded by French President Emmanuel Macron on Monday. Talks between Starmer and Trump are to include the Russian invasion of Ukraine, the Middle East and global trade.
- Nvidia reported on Wednesday its quarterly sales were US$39.3 billion, up 78 per cent compared to the same period a year ago. That generated a 72 per cent increase in quarter-to-quarter profits at US$22 billion. With Nvidia’s shares down five per cent in 2025, there were concerns in the market that the chipmaking giant was losing ground to upstart DeepSeek.
- Among Canada’s big banks, the Royal Bank of Canada reported on Thursday that its quarterly profits are C$5.13 billion, up from C$3.58 billion a year ago. Also, the Canadian Imperial Bank of Commerce said its quarterly profit improved to C$2.17 billion from C$1.73 billion. Earlier this week, the Bank of Montreal, Scotiabank and the National Bank of Canada released their quarterly reports showing increases.
