Today: 20 March 2026
Browse Category

TSX:FFH 7 December 2025 - 9 January 2026

Fairfax Leads Race for IDBI Bank Stake Sale: December-End Bid Deadline Near as Kotak Stays in the Fray

Fairfax Leads Race for IDBI Bank Stake Sale: December-End Bid Deadline Near as Kotak Stays in the Fray

Fairfax Financial has emerged as the frontrunner to acquire a 60.72% stake in IDBI Bank from the Indian government and LIC, sources said. The stake, valued at nearly $7 billion, has also drawn a bid from Kotak Mahindra Bank. IDBI Bank shares rose 3.6% to ₹98.60 on December 12 after news of the narrowed field. The deadline for financial bids is set for late December, possibly extending into January.
S&P/TSX Composite Weekly Update: Canada’s Benchmark Near Record High as 2026 Outlook Brightens for World Indices (Dec. 7, 2025)

S&P/TSX Composite Weekly Update: Canada’s Benchmark Near Record High as 2026 Outlook Brightens for World Indices (Dec. 7, 2025)

The S&P/TSX Composite Index closed at 31,311 on Friday, down 166 points after hitting a record high Thursday. The index remains up over 20% year-to-date, boosted by gains in materials, financials, and energy. Friday’s drop followed profit-taking and sector rotation, with materials and technology leading declines. Canada reported a surprise gain of 53,600 jobs in November, lowering unemployment to a 16-month low.
7 December 2025

Stock Market Today

  • European Stocks Rise as Oil Prices Drop and Rate Hike Bets Grow
    March 20, 2026, 5:11 AM EDT. European stocks rebounded on Friday, led by banking and construction sectors, as oil prices eased from recent highs above $119 a barrel. The decline followed U.S. signals about possibly lifting sanctions on Iranian crude to reduce energy costs. Central banks across Europe, including the European Central Bank (ECB) and Bank of England (BoE), held interest rates steady amid uncertainty from the U.S.-Iran conflict but traders increased bets on further rate hikes later this year. The ECB highlighted inflation risks tied to the war, while the BoE's unanimous hold hinted at readiness to act. Meanwhile, Unilever disclosed talks to sell part of its foods business to McCormick & Company, adding corporate activity amid market shifts.
Go toTop