India, May 23 -- Canadian shares look headed for a weak start Friday morning as tariff concerns resurfaced after U.S. President Donald Trump threatened 50% tariffs on EU goods from June 1. Weak oil prices could hurt energy stocks and add to market's downside.
Vermilion Energy (VET.TO) has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for cash proceeds of C$415 million. Net proceeds from the transaction will be directed towards debt repayment. The company expects to exit 2025 with net debt of C$1.5 billion, with a trailing net debt to FFO ratio of 1.4 times.
The Canadian market ended marginally up on Thursday, gaining some ground in afternoon trades as U.S. treasury yields gave back ground after r...