Budget 2025: Ottawa to slash foreign aid spending to pre-pandemic levels

In a move that many are celebrating, Carney is cutting the luxury tax as part of Budget 2025. This budget also introduces a 'super-reduction' to Canada's marginal effective tax rate and aims to enhance traveller screening at airports through further automation.

The Supreme Court is set to hear arguments regarding President Donald Trump's use of emergency powers to impose tariffs on over 100 countries. A former trade architect for Trump suggests that reversing these tariffs would be a significant mistake, indicating the president's strong commitment to this policy.

Shopify has exceeded Wall Street's expectations with a remarkable revenue growth of nearly 30% in the third quarter. The Ottawa-based company is now projecting a strong performance for the upcoming holiday quarter, anticipating revenue growth in the mid-to-high twenties percentage range. This positive outlook is significant as it reflects the company's resilience and ability to thrive in the competitive e-commerce landscape, making it a key player to watch this holiday season.

Denny's has agreed to a take-private deal valued at $620 million after exploring options with over 40 potential bidders. This move comes in the wake of the company's struggles in the post-pandemic landscape, which included plans to close 150 underperforming locations. With 1,558 restaurants worldwide, this deal could provide Denny's with the necessary resources to revitalize its operations and adapt to changing market conditions.

Chancellor of the Exchequer Rachel Reeves has hinted at potential tax increases in her recent speech, attributing the UK's economic struggles to the previous Conservative government and global trade issues. This comes after she raised taxes by £40 billion last year, which she initially claimed would be a one-time measure. Reeves' comments suggest that ongoing challenges from austerity measures, Brexit, and the pandemic are forcing her to reconsider her stance on taxation, raising concerns about the financial burden on citizens and businesses.

The UK is taking a significant step by sharing its quantum research with G7 nations and Australia, marking an exciting phase in the global race to advance this groundbreaking technology.

The recent meeting between Trump and Xi has been deemed 'overall positive' by Raymond James, highlighting the potential for improved trade relations between the U.S. and China. This is significant as it could lead to a reduction in tariffs and foster a more stable economic environment, benefiting businesses and consumers alike.

In a recent statement, former President Trump emphasized that China and other nations should not have access to Nvidia's leading AI chips. This move is significant as it highlights the ongoing competition in technology and national security, particularly in the realm of artificial intelligence. By restricting access to these advanced chips, the U.S. aims to maintain its technological edge and protect sensitive information, which could have far-reaching implications for global tech dynamics.

Piper Sandler has upgraded Qualys' stock rating to Neutral, reflecting an improved growth outlook for the company. This change is significant as it indicates analysts' confidence in Qualys' potential to perform better in the market, which could attract more investors and positively impact its stock price.

Qualys has received a boost in its stock price target, now set at $150, up from $145, according to Baird. This increase reflects growing confidence in the company's performance and potential for future growth, making it an exciting time for investors. Such adjustments in stock targets can influence market perceptions and investor decisions, highlighting the importance of analyst insights in the financial landscape.

KeyBanc has upgraded The RealReal's stock rating to Overweight, setting a price target of $16. This upgrade reflects confidence in the company's growth potential and market position, which could attract more investors and positively impact its stock performance. Such ratings can significantly influence investor sentiment and trading activity, making this news particularly important for those following the luxury resale market.

NuVista Energy's stock has been downgraded to 'Sell' by TD Cowen following the recent acquisition deal with Ovintiv. This downgrade reflects concerns about the potential impacts of the acquisition on NuVista's financial health and market position. Investors should pay attention to how this change might affect their portfolios, as it signals a shift in analyst sentiment towards the company.

The Bank of Ireland has received an upgraded stock rating to 'Buy' from UBS, reflecting strong earnings growth. This upgrade is significant as it indicates confidence in the bank's financial performance and potential for future success, which could attract more investors and positively impact the market.

Novo Nordisk's third-quarter sales have met expectations, marking a successful start for the new CEO. This achievement is significant as it reflects the company's stability and growth potential in the competitive pharmaceutical market, reassuring investors and stakeholders about its future direction.