President Trump appears to harbor animosity towards Canada, possibly due to past failed business ventures or personal grievances with Trudeau. Trump's threat of tariffs has led to strained relations and a rise in Canadian nationalism. Potential motivations include leveraging Canada's resources or his legacy. Despite his rhetoric, Trump claims no ill will towards Canadians.
Activist investor Engaged Capital, which took a nearly 10% stake in the Oak Brook-based company last year, said it plans to nominate two independent candidates to the company's board.
The Indian rupee closed slightly stronger at 87.37 per US dollar, benefiting from a weaker dollar index. Traders expect RBI intervention if the currency nears 88/$1.
Elon Musks car company is required each year to report to investors all the bad things that could happen to it, and the latest version lists every imaginable threat from costly lawsuits to out-of-control battery fires to war and another epidemic.
Markets regulator Sebi has allowed all non-banking financial companies (NBFC), including housing finance companies, to invest in security receipts issued by Asset Reconstruction Companies (ARCs), a move aimed at encouraging investments in the bad loans space.
