Lloyds reports first-half profit up 23%, outlines new strategy

Eric Robertsen, head of global research and chief strategist at Standard Chartered, told the Financial Times that borrowing is rising as funding costs climb.   Fiscal positions are not improving anywhere, and until that shifts, “the long end doesn’t have an anchor,” he said.  Bloomberg reported that a surge in borrowing by US technology firms to fund artificial intelligence is…

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Not much is going on in terms of scheduled economic events until Thursday and Friday’s PPI and CPI reports respectively. Those could be very big deals as some investors think the results will determine “hike vs hold” at next week’s Fed meeting. Today’s biggest to-do is probably the 11am announcement of the next round of…

Montreal’s housing market continued to cool in August, with sales falling and the number of properties available for sale climbing across the region. A total of 2,853 homes changed hands during the month, down 13% from August 2025, according to the Quebec Professional Association of Real Estate Brokers (QPAREB). Sales were also down 2% from…

The reverse, however, is far harder. Approximately 81% of Canada’s exports of the tariffed products were destined for the US in 2025, with plastics and articles showing a dependence as high as 92%. “Trade diversification remains a more elusive goal for Canada,” the authors wrote, one “that will take considerable time to achieve.” Plastics product manufacturing,…