Fergal Smith (@fergalsmith2) profile picture

Fergal Smith

@fergalsmith2

Reuters journalist

 Toronto, Ontario
Joined January 2016
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Ahead of new tariffs, Canadian dollar overtook yen as most heavily shorted currency reuters.com/business/ahead-n…
Ahead of new tariffs, Canadian dollar overtook yen as most heavily shorted currency

Ahead of new tariffs, Canadian dollar overtook yen as most heavily shorted currency

Speculators raised their bearish bets on the Canadian dollar to ​the highest level among the major currencies in the weeks before U.S. President Donald Trump announced new tariffs on Canada, helping...

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Foreign investors buy record amounts of Canadian government debt, lowering Carney's borrowing costs reuters.com/business/foreign…
Foreign investors buy record amounts of Canadian government debt, lowering Carney's borrowing costs

Foreign investors buy record amounts of Canadian government debt, lowering Carney's borrowing costs

Foreign investors including pension funds, insurance companies and hedge funds are buying Canada's federal bonds in record amounts, easing the cost ‌of funding Prime Minister Mark Carney's expensive...

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Canada's main stock index captures investor attention as AI disruption hedge reuters.com/business/canadas…
Canada's main stock index captures investor attention as AI disruption hedge

Canada's main stock index captures investor attention as AI disruption hedge

Investors are turning to Canada’s resource-rich stock market for shelter from the turmoil around artificial ​intelligence — and on hopes the new technology will ultimately boost productivity for some...

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Canadian dollar forecasts turn less bullish as trade deal remains elusive: Reuters poll reuters.com/business/canadia…
Canadian dollar forecasts turn less bullish as trade deal remains elusive: Reuters poll

Canadian dollar forecasts turn less bullish as trade deal remains elusive: Reuters poll

The Canadian dollar will strengthen less than previously expected over the coming year if the time it takes for Canada to reach a trade deal with the U.S. raises prospects of additional Bank of...

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Canada's services PMI falls to five-month low in November reuters.com/world/americas/c….
Canada's services PMI falls to five-month low in November

Canada's services PMI falls to five-month low in November

Canada's services economy contracted in November at the steepest pace in five months as economic uncertainty led to declines for employment and new business, S&P Global's Canada services PMI data...

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Canadian manufacturing PMI falls as trade tensions dent output, new orders reuters.com/world/americas/c…
Canadian manufacturing PMI falls as trade tensions dent output, new orders

Canadian manufacturing PMI falls as trade tensions dent output, new orders

Canada's manufacturing sector contracted at a steeper pace in November as trade uncertainty continued to hold back output and new orders, data showed on Monday.

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Canadian home sales regain positive momentum in October reuters.com/world/americas/c…
Canadian home sales regain positive momentum in October

Canadian home sales regain positive momentum in October

Canadian home sales rose 0.9% in October from September as lower borrowing costs helped offset uncertain prospects for Canada's economy, data from the Canadian Real Estate Association showed on...

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Canadian dollar set to rebound if trade uncertainty clears: Reuters poll reuters.com/business/canadia…
Canadian dollar set to rebound if trade uncertainty clears: Reuters poll

Canadian dollar set to rebound if trade uncertainty clears: Reuters poll

The Canadian dollar is set to strengthen over the coming year as expected Federal Reserve interest rate cuts weigh on the U.S. dollar and trade uncertainty potentially becomes less of a drag on...

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Canada's October services PMI shows first expansion in the sector this year reuters.com/world/americas/c…
Canada's October services PMI shows first expansion in the sector this year

Canada's October services PMI shows first expansion in the sector this year

Canada's services economy expanded in October for the first time in 11 months as businesses showed signs of adjusting to economic uncertainty, S&P Global's Canada services PMI data showed on Wednes...

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Toronto home sales fall to four-month low in October reuters.com/world/americas/t…
Toronto home sales fall to four-month low in October

Toronto home sales fall to four-month low in October

Greater Toronto Area home sales fell to a four-month low in October as an uncertain economic outlook discouraged buyers, Toronto Regional Real Estate Board data showed on Wednesday.

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Canadian manufacturing PMI rises to nine-month high in October reuters.com/world/americas/c…
Canadian manufacturing PMI rises to nine-month high in October

Canadian manufacturing PMI rises to nine-month high in October

The downturn in Canada's manufacturing sector eased in October as output and new orders, which have been held back by trade uncertainty, declined at a slower pace, data showed on Monday.

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Canadian home sales decline 1.7% in September reuters.com/world/americas/c…
Canadian home sales decline 1.7% in September

Canadian home sales decline 1.7% in September

Canadian home sales fell 1.7% in September from August, ending a string of increases that began in April, data from the Canadian Real Estate Association showed on Thursday.

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Canadian investors bet on defense, construction stocks as Carney targets nation-building projects reuters.com/business/canadia…
Canadian investors bet on defense, construction stocks as Carney targets nation-building projects

Canadian investors bet on defense, construction stocks as Carney targets nation-building projects

Canadian defense, construction and metal mining shares stand to benefit as Ottawa commits to increased military spending and the speeding up of major infrastructure projects that could boost the...

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Canada's services PMI hits a three-month low in September as jobs decline reuters.com/world/americas/c….
Canada's services PMI hits a three-month low in September as jobs decline

Canada's services PMI hits a three-month low in September as jobs decline

Canada's services economy contracted at a steeper pace in September as businesses shed jobs and outstanding work sank to a five-year low, S&P Global's Canada services PMI data showed on Friday.

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Toronto home sales rise to eight-month high in September reuters.com/world/americas/t….
Toronto home sales rise to eight-month high in September

Toronto home sales rise to eight-month high in September

Greater Toronto Area home sales rose to an eight-month high in September, while prices declined, Toronto Regional Real Estate Board data showed on Friday.

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Canadian manufacturing PMI falls in September as downturn deepens reuters.com/markets/us/canad…
Canadian manufacturing PMI falls in September as downturn deepens

Canadian manufacturing PMI falls in September as downturn deepens

Canada's manufacturing sector contracted at a steeper pace in September as an uncertain trading environment weighed on production and new orders, data showed on Wednesday.

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Canadian home sales rise for fifth straight month in August reuters.com/world/americas/c…
Canadian home sales rise for fifth straight month in August

Canadian home sales rise for fifth straight month in August

Canadian home sales rose for a fifth straight month in August as increased activity in the regions of Montreal, Greater Vancouver and Ottawa offset a decline in the Greater Toronto Area, data from...

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Canada's services PMI dips in August as tariff uncertainty clips activity reuters.com/world/americas/c…
Canada's services PMI dips in August as tariff uncertainty clips activity

Canada's services PMI dips in August as tariff uncertainty clips activity

Canada's services economy contracted for a ninth straight month in August as uncertainty over U.S. tariffs weighed on export sales and business confidence, S&P Global's Canada services PMI data...

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Canadian dollar forecasts grow more bullish as BoC easing cycle nears an end: Reuters poll reuters.com/world/americas/c…
Canadian dollar forecasts grow more bullish as BoC easing cycle nears an end: Reuters poll

Canadian dollar forecasts grow more bullish as BoC easing cycle nears an end: Reuters poll

The Canadian dollar is set to strengthen over the coming year as the Bank of Canada potentially cuts interest rates just two more times in the current easing campaign and expected rate cuts from the...

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Toronto home sales decline in August as recovery stalls reuters.com/world/americas/t…
Toronto home sales decline in August as recovery stalls

Toronto home sales decline in August as recovery stalls

Greater Toronto Area home sales fell for the first time in five months in August and prices edged lower, Toronto Regional Real Estate Board data showed on Thursday.

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