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CANADA STOCKS-TSX posts 2-month high as energy, lumber shares rally

TORONTO, April 25 Canada's main stock index notched a two-month high on Tuesday, led by gains for heavyweight financial and energy stocks, while shares of lumber companies rallied after new U.S. import duties on the product came out lower than some investors had expected.

9:32pm BST

U.S. homebuilders say lumber tariff will hurt wages, raise house prices

WASHINGTON, April 25 U.S. homebuilders on Tuesday criticized as "short-sighted" a government decision to impose anti-subsidy duties on imports of Canadian softwood lumber, saying it would cost American workers nearly $500 million in lost wages and raise house prices.

9:16pm BST

Trump says he does not fear a trade war with Canada

WASHINGTON, April 25 President Donald Trump said on Tuesday he did not fear a trade war with Canada because of the trade dynamics between the two neighbors.

8:45pm BST

UPDATE 2-Canada says will win softwood dispute with U.S., eyes China market

OTTAWA, April 25 Canada will fight back against U.S. tariffs on softwood lumber and win again, top officials said on Tuesday, noting that international trade authorities have always ruled in its favor in the long dispute.

8:22pm BST

UPDATE 2-Freeport results miss mark; investors cheer temporary exports

TORONTO, April 25 Freeport-McMoRan Inc missed earnings expectations, cut its outlook and warned on Tuesday it would be difficult to secure a long-term Indonesian mining permit, but investors sent its stock soaring on relief over a temporary export resumption.

7:23pm BST
Basic Materials
BHP Billiton PLC 1,206.50 -0.66%
Rio Tinto PLC 3,099.50 -0.42%
Anglo American PLC 1,123.00 -0.53%

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