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Buckle Insider Sold Shares Worth $1,637,238, According to a Recent SEC Filing

Kari G Smith, Director, Executive Vice President of Stores, on April 10, 2026, sold 30,000 shares in Buckle (BKE) for $1,637,238. Following the Form 4 filing with the SEC, Smith has control over a total of 83,814 common shares of the company, with 83,814 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/885245/000124771326000004/xslF345X05/wk-form4_1776172836.xml

$BKE

Mining & Metals55d ago

FPX Nickel, JOGMEC Renew Exploration Alliance

FPX Nickel (FPX.V) said Tuesday that it has renewed its global generative exploration alliance with Japan Organization for Metals and Energy Security (JOGMEC), focusing on acquiring "high-quality awaruite nickel properties similar in geological character" to FPX's Baptiste nickel project in British Columbia.A statement noted the alliance will have a budget of C$1.2 million for April 2026 to March 2027. FPX will maintain a majority position, contributing 60% of expenditures and securing 60% ownership in new joint venture projects generated by the alliance.FPX said the alliance has identified "multiple highly prospective properties across several jurisdictions with strong potential for acquisition in the coming year.""JOGMEC's continued participation in our generative alliance represents a significant endorsement of the technical and economic viability of awaruite nickel deposits, underwriting FPX's continued exposure to exploration discoveries on a global scale," said Keith Patterson, FPX's vice president for exploration.The alliance began in April 2023 and is entering its fourth year, FPX said.

$FPX.V

Commodities55d ago

EMEA Oil Update: Crude Futures Retreat Amid Hints at Renewed Diplomacy Between US, Iran

Crude oil futures retreated on Tuesday as hopes for talks on a peace agreement tempered gains from the new US naval blockade after President Donald Trump hinted at renewed contact with Tehran.Brent crude futures dropped 1.6% to $97.80 per barrel, while Murban oil futures held firm at $103.51/bbl.While the US began blockading Iranian ports on Monday, market gains faded after Trump hinted at new contact from Tehran, despite warnings of a record global supply disruption."Crude oil gave up some of these gains late in the session after Trump claimed Iran wants to work a deal after the collapse of peace negotiations over the weekend," ANZ analysts said."Iran has not confirmed any further discussions. This suggests financial markets continue to look through the conflict to possible barrels being back on the market," they added.Trump did not provide specifics on the reported diplomatic outreach and traders priced in the possibility of a longer-term ceasefire analysts said.However, the situation on the water remains volatile. The US naval blockade of Iranian ports officially commenced Monday at 10:00 a.m. ET, an action Iran reportedly condemned as "an act of piracy."Despite the slight cooling in futures, the physical reality of the crisis remains unprecedented.International Energy Agency Executive Director Fatih Birol warned Monday that global oil supply disruptions have reached 13 million barrels per day, describing it as the greatest energy security threat in history.

Sectors55d ago

Sector Update: Financial Stocks Decline Premarket Tuesday

Financial stocks were declining premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.1% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.2%.Wells Fargo (WFC) shares were down more than 3% after the company reported higher Q1 earnings and revenue, with revenue missing analysts' expectations.Citigroup (C) stock was up more than 1% after the company posted higher Q1 net income and revenue.BlackRock (BLK) shares were up more than 2% after the company reported higher Q1 adjusted earnings and revenue.

$BLK$C$FAS$FAZ$WFC$XLF

Commodities55d ago

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Tuesday Amid Hopes of Long-Term US-Iran Truce

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% higher in Tuesday's premarket activity amid hopes of a long-term truce between Iran and the US.US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 0.5% before the start of regular trading.The National Federation of Independent Business said its Small Business Optimism Index fell to 95.8 in March from 98.8 in February, marking the lowest level since April 2025.US producer prices rose 0.5% in March, below expectations for a 1.1% increase and matching the prior month's gain.Core producer prices, which exclude food and energy, gained 0.1% in March, below forecasts for a 0.4% increase and slowing from a 0.3% advance in the prior month.Chicago Federal Reserve President Austan Goolsbee and Fed Governor Michael Barr are due to speak today.In premarket activity, bitcoin was up by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.5% higher, Ether ETF (EETH) advanced 4.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, while the Vanguard Industrials Index Fund (VIS) was up 0.3% and the iShares US Industrials ETF (IYJ) was 0.6% higher.American Airlines (AAL) stock was gaining more than 8% in premarket activity, while United Airlines (UAL) was up more than 3% before the opening bell after Reuters reported that United Chief Executive Scott Kirby proposed a potential combination with American during a late February meeting with President Donald Trump.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.04%, the Vanguard Health Care Index Fund (VHT) was 1% higher, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was up 0.5%.Novo Nordisk (NVO) stock was up more than 3% premarket after the UK's Medicines and Healthcare products Regulatory Agency approved a new single-dose 7.2 mg of Wegovy to treat adults with obesity. The company also announced a partnership with OpenAI to deploy advanced AI across its operations.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.6%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.6% higher.BlackRock (BLK) shares were up more than 2% pre-bell after the company reported higher Q1 adjusted earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.6%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.4%. The iShares US Consumer Staples ETF (IYK) gained 0.5%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced by 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 1.2% lower.Tesla's (TSLA) shares were up more than 1% pre-bell after Dutch vehicle regulator RDW said it has informed the European Commission of its intention to seek approval for Tesla's Full-Self Driving system across the European Union.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.7%, and the iShares US Technology ETF (IYW) was 0.6% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 2.5% while the iShares Semiconductor ETF (SOXX) rose by 1.2%.Microsoft (MSFT) shares were up more than 1% in Tuesday's premarket activity. Bloomberg News reported, citing Chief Sustainability Officer Melanie Nakagawa, that the company's carbon removal program "has not ended."EnergyThe iShares US Energy ETF (IYE) was down 0.2%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.6%.BP (BP) stock was up nearly 1% before Tuesday's opening bell after the company said that it expects "exceptional" results from its oil trading business for Q1 2026, amid the spike in prices driven by the US and Israeli war against Iran.CommoditiesFront-month US West Texas Intermediate crude oil fell by 2.6% to $96.48 per barrel on the New York Mercantile Exchange. Natural gas retreated by 1.8% to $2.58 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 0.7%, while the United States Natural Gas Fund (UNG) was 1.7% lower.Gold futures for May were up by 0.6% at $4,797.10 an ounce on the Comex. Silver futures rose by 3% to $77.92 an ounce. SPDR Gold Shares (GLD) was 0.5% higher, and the iShares Silver Trust (SLV) advanced by 2.5%.

$^DJI$^IXIC$^SPX$AAL$BETH$BITO$BLK$BP$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MSFT$NVO$PMR$QQQ$RTH$SLV$SOXX$SPY$TSLA$UAL$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Research55d ago

Research Alert: Citigroup Inc. Outpaces Q1 2026 Earnings Expectation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Citigroup (C) reported a strong Q1 2026 earnings beat with adjusted EPS of $3.06 versus consensus estimate of $2.63 per share, or $1.96 a year ago. Total revenue of $24.6B exceeded consensus expectations, due to robust 14% Y/Y growth across all business segments. Net interest income increased 12% Y/Y, with notable gains in U.S. Personal Banking, Markets, Wealth, and Services segments, partly offset by declines in All Other and Banking segments. Total non-interest revenue surged 39% Y/Y, supported by strong gains across all businesses including Services, Markets, Banking, Wealth, and U.S. Consumer Cards. The broad-based revenue growth across multiple segments demonstrates the bank's diversified business model strength and operational effectiveness. Strong performance in both interest and non-interest income streams positions C well for continued positive momentum. The significant outperformance versus consensus expectations across key financial metrics reflects successful execution across the global franchise.

Sectors55d ago

Sector Update: Health Care Stocks Flat to Higher Premarket Tuesday

Health care stocks were flat to higher premarket Tuesday, with the iShares Biotechnology ETF (IBB) up 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) inactive.Novo Nordisk (NVO) has received the Medicines and Healthcare products Regulatory Agency approval for a new single-dose 7.2 mg of Wegovy to treat adults with obesity, the UK regulator said. Shares of Novo Nordisk were up more than 3% pre-bell.Johnson & Johnson (JNJ) stock was down more than 1% after the company posted a decline in Q1 adjusted earnings.Genmab (GMAB) shares were up more than 2% after the company reported Q1 DARZALEX net sales Tuesday of about $4 million, including $2.2 million in the US and $1.8 million in the rest of the world.

$GMAB$IBB$JNJ$NVO$XLV

Sectors55d ago

Sector Update: Consumer Stocks Mixed Pre-Bell Tuesday

Consumer stocks were mixed pre-bell Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.8% higher.CarMax (KMX) shares were down more than 4% after the company posted lower fiscal Q4 adjusted earnings and net sales.Albertsons (ACI) reported higher fiscal Q4 adjusted net income and net sales, and agreed to a settlement framework to resolve opioid-related claims for about $774 million. Albertsons stock was down nearly 3% pre-bell.BetMGM, a joint venture between MGM Resorts International (MGM) and Entain, updated its full-year 2026 net revenue outlook to between $2.9 billion and $3.1 billion, from $3.1 billion to $3.2 billion previously. MGM Resorts International shares were down more than 1% premarket.

$ACI$KMX$MGM$XLP$XLY

Mining & Metals55d ago

Gold Moves Higher as the Dollar Weakened as U.S. Wholesale Price Inflation Rose Less Than Expected in March

Gold traded higher early on Tuesday as the dollar fell after the United States reported U.S. wholesale price inflation rose less than expected last month.Gold for May delivery was last seen up US$22,90 to US$4,790.30 per ounce.The U.S. Bureau of Labor Statistics reported the seasonally adjusted March Producer Price Index (PPI) rose by 0.5%, unchanged from the prior month and well below the consensus estimate for a rise of 1.1% according to Marketwatch. Core PPI, excluding volatile food and energy, rose by 0.2%, down from 0.5% in February and under expectations for 0.4% rise."More than half of the March increase in the index for processed goods for intermediate demand can be attributed to a 42.0-percent jump in prices for diesel fuel. The indexes for gasoline, jet fuel, primary basic organic chemicals, steel mill products, and residual fuels also rose," the agency said.The dollar was lower following the data, with the ICE dollar index last seen down 0.37 points to 98.00, the lowest since Feb.27. Treasury yields were mostly steady, with the yield on the U.S. two-year note was up 0.4 basis points to 3.787%, while the yield on the 10-year note was up 0.3 points to 4.296%.

$GCK6$GLD

Sectors55d ago

Sector Update: Tech Stocks Edge Higher Premarket Tuesday

Technology stocks were edging higher premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) up 1.4%.Bloom Energy (BE) said it will provide up to 2.8 gigawatts of its fuel cell systems to Oracle (ORCL) under an expanded partnership to support the software giant's artificial intelligence infrastructure buildout. Shares of Oracle were up more than 5% pre-bell.Camtek (CAMT) stock was up more than 5% after the company said it has agreed to acquire Tel Aviv-based artificial intelligence business Visual Layer, with closing expected in a few weeks.Apple (AAPL) ranked second in China's smartphone market in the first quarter of 2026, as overall shipments declined 1% year over year to 69.8 million units, research firm Omdia reported. Apple shares were 0.2% higher pre-bell.

$AAPL$BE$CAMT$ORCL$XLK$XSD

Mining & Metals55d ago

Magna Mining Says North Range Drilling Intersects "Significant" Copper

Magna Mining (NICU.V), which rose more than 7% yesterday, said Tuesday that recent drilling at the past-producing Levack Mine, located in the North Range of the Sudbury Basin, Ontario, Canada, continues to intersect "significant" copper-rich massive sulphide veins over 175 metres downhole, in the R2 Footwall Zone.In a statement the company said highlights include 23.2% copper, 5.6% nickel, and 225.0 grams per tonne (g/t) silver over 2.4 metres, from 975.9 metres down hole, and 10.7% copper, 1.5% nickel, and 67.1 g/t silver over 2.1 metres, from 1026.9 metres down hole."The new drillhole intersected multiple copper rich veins over approximately 175 metres downhole, and supports Magna's structural model and interpreted similarities with the controlling structures within the Morrison Footwall Cu-PGE Deposit," said Dave King, who heads exploration and geoscience at Magna."Understanding the structural controls is key to efficiently delineating footwall vein deposits in Sudbury's North Range and identifying areas where more significant mineralization can occur within thicker vein orientations. We will continue to follow-up on defining and expanding the R2 Zone with our surface and underground diamond drills through the remainder of 2026."Magna said site activity at the Levack Mine has increased significantly over the past six months, with additional personnel and equipment deployed to support project advancement. A preliminary economic assessment is underway with completion targeted for the third quarter of this year.Magna Mining shares closed up $0.16, to $2.37 on Monday on the Toronto Stock Exchange.

$NICU.V

US Markets55d ago

JPMorgan Beats First-Quarter Estimates; CEO Dimon Warns of 'Increasingly Complex' Risks to Economy

JPMorgan Chase (JPM) reported better-than-expected first-quarter results on Tuesday, while Chief Executive Jamie Dimon said the US economy remained resilient but warned of an "increasingly complex set of risks," including wars and energy price volatility.The banking giant posted earnings of $5.94 a share for the quarter ended March, up from $5.07 the year before, topping the FactSet-polled consensus of $5.45. Consolidated revenue advanced 10% to $49.84 billion, ahead of the Street's view for $49.13 billion.Net interest income inclined 9% on a managed basis to $25.48 billion. Noninterest revenue rose 11% both on reported and managed bases to $24.47 billion and $25.06 billion, respectively."The firm delivered strong results in the first quarter," Dimon said in the earnings release. "Performance was strong across our businesses."Dimon noted that the world's largest economy "remained resilient" in the quarter, "with consumers still earning and spending and businesses still healthy." The resiliency was supported by several tailwinds, including fiscal stimulus and artificial intelligence-driven capital investment, according to the CEO."At the same time, there is an increasingly complex set of risks - such as geopolitical tensions and wars, energy price volatility, trade uncertainty, large global fiscal deficits and elevated asset prices," Dimon added. "While we cannot predict how these risks and uncertainties will ultimately play out, they are significant and they reinforce why we prepare the Firm for a wide range of environments."Energy prices have soared in the aftermath of the US-Israel war with Iran that began at the end of February, curtailing shipments through the crucial Strait of Hormuz. While the US and Iran have agreed to a temporary ceasefire, the two sides were unable to reach a deal during negotiations in Pakistan over the weekend.Earlier in April, Dimon said in a shareholder letter that supply disruptions caused by the Iran war could keep inflation and interest rates higher than expected.Revenue in JPMorgan's commercial and investment banking segment climbed to $23.38 billion from $19.67 billion in the prior-year period. Investment banking fees jumped 28%, buoyed by stronger advisory and equity capital markets activity, according to Dimon. "Payments continued to deliver very strong results, with double digit growth in deposits and fees," the CEO said in the earnings release.Consumer and community banking revenue advanced 7% to $19.57 billion in the quarter, amid gains in banking and wealth management and card services and auto. Corporate revenue dropped 47% to $1.22 billion, while asset and wealth management sales grew 11% to $6.37 billion.Assets under management gained 16% to $4.8 trillion, boosted by higher market levels and continued net inflows, JPMorgan said. The bank's provision for credit losses declined to $2.51 billion from $3.31 billion in the 2025 quarter, including net charge-offs of $2.3 billion.The lender expects net interest income of about $103 billion for full-year 2026, according to an earnings presentation.

$JPM

Wire55d ago

Rocket Lab Introduces Electric Satellite Propulsion System

Rocket Lab (RKLB) said Tuesday it introduced a new electric satellite thruster designed for high-volume manufacturing to supply commercial and national defense networks.The internally developed thruster, named Gauss, includes a power processing unit and propellant management assembly with an established assembly line capable of producing over 200 units annually, the company said.Shares of Rocket Lab rose more than 3% in Tuesday premarket activity.Price: $73.00, Change: $+2.31, Percent Change: +3.27%

$RKLB

Sectors55d ago

Sector Update: Energy

Energy stocks were leaning lower premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.6%.The United States Oil Fund (USO) was down 0.7% and the United States Natural Gas Fund (UNG) was 0.4% lower.Front-month US West Texas Intermediate crude oil was 3.1% lower at $95.92 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.4% to $97.99 per barrel, and natural gas futures were down 0.6% at $2.61 per 1 million British Thermal Units.Chevron (CVX) said it has agreed to an asset swap with Petroleos de Venezuela via its subsidiaries in the country to consolidate its heavy oil position. Chevron stock was down 0.8% pre-bell.

$CVX

Insider Trading55d ago

Buckle Insider Sold Shares Worth $887,762, According to a Recent SEC Filing

Michelle Hoffman, Senior Vice President of Sales, on April 10, 2026, sold 16,200 shares in Buckle (BKE) for $887,762. Following the Form 4 filing with the SEC, Hoffman has control over a total of 19,682 common shares of the company, with 19,682 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/885245/000160306426000004/xslF345X05/wk-form4_1776171689.xml

$BKE

Mining & Metals55d ago

Trans Canada Gold Prepares to Start Drilling After the "Successful Completion" of the Acquisition of the Harrison Lake District Scale Gold Project

Trans Canada Gold (TTG.V) on Tuesday said that it is preparing to implement the Phase 1- Diamond Drilling program at the Harrison Lake Gold Project.The company said that the contractors have been assembled to immediately commence preparation of underground drill setups, underground electrical facilities, road access improvements and an upgraded core shack/core sawing facility."An experienced drill contractor has been selected to carry out the continuous underground drill program," said the company.In a statement the company noted that the Harrison Lake Gold Project is demonstrating the same geological characteristics as the Snowline Gold deposit situated in the Tintina Gold Belt in the Yukon.The company said it has identified targets for further exploration of 2 to 10 million tonnes of gold mineralized material and grading between 1.0 to 5.0 grams per tonne (g/t) gold."This Target for further Exploration target is based on the current geological understating and historical drilling and identified mineralization, over several widely spaced intrusions over more than 2 kilometers of strike-length and over a combined vertical elevation range of more than 700 meters," said the company.The company added that detailed drill planning is currently underway on the Harrison Lake Gold Project located on Bear Mountain. It stated that it is now "well positioned" to capture and to capitalize on the "forecasted ascending gold prices."TTG rose 12.5% in Canada on Monday.

$TTG.V

Mining & Metals55d ago

Auxly Cannabis Says TSX Approves Intention to Make Normal Course Issuer Bid

Auxly Cannabis Group (XLY.TO) on Tuesday said that the Toronto Stock Exchange accepted the company's notice of intention to make a normal course bid (NCIB).The company said it is permitted to buy back for cancellation, on the open market, during the period starting April 20, 2026, and ending on the earlier of April 19, 2027, and the completion of purchases under the NCIB, up to 68.9 million common shares of the company, representing less than 5% of its issued and outstanding common shares as of April 7, subject to the policies of the TSX.Auxly, as of April 7, had 1.41 billion issued and outstanding common shares and a "public float" of 1.05 billion common shares. It has also entered into an automatic share purchase plan with a designated broker to allow for the purchase of common shares under the NCIB at times when the company would ordinarily not be permitted to purchase shares due to regulatory restrictions or self-imposed blackout periods.Shares of the company edged down $0.005 or 4% to $0.12 on Monday on the TSX.

$XLY.TO

Sectors55d ago

Sector Update: Financial

Financial stocks were declining premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.5% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.8%.Wells Fargo (WFC) shares were down more than 2% after the company reported higher Q1 earnings and revenue, with revenue missing analysts' expectations.

$WFC

Equities55d ago

Capital One Adjusts Price Target on Devon Energy to $63 From $64, Maintains Overweight Rating

Devon Energy (DVN) has an average rating of overweight and mean price target of $58.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$DVN

Treasury55d ago

Not Much Reaction in Canadian Dollar, Bonds From Prime Minister Carney Getting A Majority in Parliament, Says Scotiabank

The ruling Liberal Party secured its long-sought-after majority in Canada's parliament by winning all three by-elections late Monday, said Scotiabank.While the two Toronto ridings were easy to win for the Liberals, the Quebec riding win was achieved with a wide enough margin to put to rest the contest against the regional BQ, noted the bank. The result gives the Libs 174 seats in parliament, or two more than needed for a majority.Markets are ignoring the outcome as the Canadian dollar (CAD or loonie) and bonds are snoozing throughout it all because a) the majority outcome was generally expected well in advance in the wake of floor crossings and by-election calls, and b) because the real test for the economy, fiscal policy, monetary policy and markets will come in the form of how Prime Minister Mark Carney's administration uses its majority.Anonymous Liberal party members have remarked in the press that they continue to explicitly target up to eight more opposition members of parliament to cross the floor, pointed out Scotiabank.Even more defections could conceivably strengthen the majority further, which could offer some padding if any of them turn out to be disloyal to future initiatives, stated the bank.PM Carney is wasting no time with his newfound majority government. Carney plans to announce new affordability measures at a press event at 10 a.m. ET on Tuesday, added Scotiabank. They are reportedly focused on gasoline and diesel prices. The bank hopes that whatever is announced is very limited and very targeted while sticking to the plan of extending the average duration of the government's spending plans to address underperformance in areas like resource development, infrastructure and defense.Those areas, however, carry high uncertainty in terms of deficit projections, given they are globally notorious for cost overruns and delays.Scotiabank will watch for the date of a spring fiscal update after Finance Minister Francois-Philippe Champagne held consultations with private sector economists in Toronto last month on a day when many were tied up with the Bank of Canada and Federal Reserve communications. Tuesday's presser may start the advance announcements on the path to a mini budget of sorts.It's widely understood that the federal deficit is coming in lower than anticipated for FY25-26, according to the bank. That may be a combination of decent growth in the domestic economy as a subset of soft gross domestic product figures, plus surging revenues from taxing coating commodity prices, plus perhaps slow rollout of some initiatives.As deficit tracking looks more favorable, the temptation may be to spend the surprise and book a bunch of last-minute initiatives. That would extend past practices at the expense of the deficit if it happens, said Scotiabank.

$$CAD$$CXY

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Commodities55d ago