Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCATCo Share News (CAT)

Share Price Information for CATCo (CAT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 24.00
Bid: 13.00
Ask: 35.00
Change: 0.00 (0.00%)
Spread: 22.00 (169.231%)
Open: 24.00
High: 24.00
Low: 24.00
Prev. Close: 24.00
CAT Live PriceLast checked at -
CATCo Reinsurance Opportunities is an Investment Trust

To provide investors with significant capital returns and long-term distributions by making investments linked to catastrophe reinsurance risks via a variety of insurance-based investments.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Unhappy Canada says would retaliate against U.S. steel tariffs

Thu, 01st Mar 2018 20:58

By Leah Schnurr and Andrea Hopkins

OTTAWA, March 1 (Reuters) - Canada will retaliate againstany U.S. tariffs on steel and aluminum products, officials saidon Thursday, as Ottawa faced what could be one of the biggesteconomic threats since Donald Trump became President.

Trump unveiled the tariffs on Thursday but did not makeclear whether they would apply to Canada and Mexico, whichtogether with the United States are trying to renegotiate theNAFTA trade deal.

"Should restrictions be imposed on Canadian steel andaluminum products, Canada will take responsive measures todefend its trade interests and workers," Foreign MinisterChrystia Freeland said in a statement, calling any traderestrictions "absolutely unacceptable."

She did not give details and Canadian officials were notimmediately available for comment.

Canada buys more American steel than any other country,accounting for 50 percent of U.S. exports, and the steel andaluminum industry is highly integrated, Freeland added.

Miner Rio Tinto said it would continue to engagewith U.S. officials to underscore the benefits of the integratedNorth American aluminum supply chain. Canada is the world'slargest supplier of aluminum to the United States.

“Aluminum from Canada has long been a reliable and secureinput for U.S. manufacturers – including the defense sector,”Rio said in a statement.

The Trump administration - which Freeland generallydescribes as the most protectionist since the 1930s - has soughtto impose tariffs on Canadian softwood lumber and airliners overthe last year.

Canada pushed back on both occasions and won a victory inJanuary when a U.S. tribunal rejected Boeing Co calls forpunitive duties against Bombardier Corp passengerjets.

"We will always be there to defend workers and industry. Weshowed it on softwood lumber and showed it with the Boeingcase," Trade Minister Francois-Philippe Champagne told reportersin Ottawa.

CIBC economists Royce Mendes and Avery Shenfeld said thetariffs "could be more biting for the Canadian economy thanprevious moves by the administration" and noted the prospectsfor retaliation were limited.

"In many cases, Canada doesn't have a domestic source ofsupply that would benefit from hitting U.S. goods with atariff," they said in a note to clients. Canada sends 75 percentof its goods exports to the United States.

International trade lawyer Mark Warner said Canada could ifit wished apply tariffs on steel or aluminum or other targetedproducts.

"My hope is that the government does not respondprecipitously in tone or action and continues to work for anexemption," he said by e-mail.

(Additional reporting by Susan Taylor in Toronto, writing byDavid Ljunggren; editing by Grant McCool, James Dalgleish andSusan Thomas)

More News
24 Apr 2024 16:02

EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
26 Sep 2023 15:32

EARNINGS: Symphony bemoans "weak global demand"; Aseana sells assets

(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
26 Apr 2023 17:58

EARNINGS SUMMARY: Bluebird swings to loss, RBG profit rises strongly

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
26 Apr 2023 10:48

SMALL-CAP WINNERS & LOSERS: Trifast jumps as eyes adjusted profit rise

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
2 Dec 2022 20:39

TRADING UPDATES: Sunrise secures funds; Bango launches e-distribution

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
22 Nov 2022 07:43

CATCo Reinsurance Opportunities Fund buys 92% of share capital

(Alliance News) - CATCo Reinsurance Opportunities Fund Ltd on Monday said it will buy back USD17.8 million ordinary and C shares that together account for 91.7% of its total share capital.

Read more
14 Sep 2022 17:01

TRADING UPDATES: Trakm8 expects loss; Sutton Harbour has strong summer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
28 Apr 2022 16:10

EARNINGS UPDATES: Brave Bison notes first profit; Angle widens loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
17 Feb 2022 22:13

TRADING UPDATES: Novacyt gets UK approval; Nostra spuds Cypress well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Thursday and not separately reported by Alliance News:

Read more
4 Feb 2022 21:26

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

Read more
10 Dec 2021 18:30

TRADING UPDATES: Hilton Food seals raise; Hochschild's Aclara floats

TRADING UPDATES: Hilton Food seals raise; Hochschild's Aclara floats

Read more
12 Nov 2021 19:19

TRADING UPDATES: Tufton raises USD39 million; Engage wins new contract

TRADING UPDATES: Tufton raises USD39 million; Engage wins new contract

Read more
26 Oct 2021 19:06

TRADING UPDATES: Yellow Cake fundraises; Mercia Asset invests

TRADING UPDATES: Yellow Cake fundraises; Mercia Asset invests

Read more
8 Oct 2021 12:10

IN BRIEF: CATCo Reinsurance Opportunities Fund appoints liquidators

IN BRIEF: CATCo Reinsurance Opportunities Fund appoints liquidators

Read more
27 Sep 2021 12:59

IN BRIEF: Markel funds buyout of CATCo Reinsurance Opportunities Fund

IN BRIEF: Markel funds buyout of CATCo Reinsurance Opportunities Fund

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.