Stock Market / Finance in Canada
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CANADA, 2017/08/21
Canada’s major stock index shed nearly 100 points on the final trading day of the week in a broad-based decline.
The S&P/TSX composite index closed down 81.31 points at 14,952.33.
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CANADA, 2017/05/02
From strong job creation to roaring stock markets, North America under U.S. President Donald Trump is continuing to show signs of vigour, despite Friday's gloomy U.S. GDP numbers.
It's not just a U.S. phenomenon. The giant Ontario economy is exhibiting signs of life as tax receipts rise, and some experts say the western oil slump has been overdone.
But there are reasons to be wary. There is a danger that, like a three-year-old child high on sugary treats, the economy may be getting overstimulated. And as any parent knows, such euphoria can come to a bad end.
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CANADA, 2016/11/17
* Canadian dollar ends at C$1.3441, or 74.40 U.S. cents
* Bond prices higher across flatter yield curve
* 10-year yield touches 11-month high at 1.602 percent
The Canadian dollar strengthened against its U.S. counterpart on Wednesday as domestic manufacturing sales rose for the fourth consecutive month and short positions in the currency were scaled back.
The gains helped the loonie pare losses from a sell-off sparked by last week's U.S. election. On Monday, the currency touched its weakest in eight months at C$1.3589.
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CANADA, 2016/07/24
Canadian stocks continued to rise Friday, adding to weekly gains to reach a fresh 11-month high.
Energy stocks rose despite falling oil prices, as traders bet Canadian firms are ramping up production fast enough to take chance of $45 oil.
The S&P/TSX Composite Index was up 34.83 points, or 0.24 %, to 14,600.66 -- its highest since last August.
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CANADA, 2016/07/11
Following news that the United States saw better-than-expected job growth in June, North American stock markets made solid gains on Friday, while the Canadian dollar traded lower.
At the close of trading, the S&P/TSX composite index finished with a gain of 125.38 points, ending at 14,259.84.
U.S. economy adds better-than-expected 287,000 jobs in June
June jobs figure 'unchanged' as Canada lost 700 jobs
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CANADA, 2016/03/16
The Canadian stock market is losing ground in early trade Tuesday, adding to yesterday's losses. Weakness in commodity prices is weighing on the market this morning. Mining and energy prices are under pressure as crude oil and gold prices chief lower.
The healthcare sector is under the majority intense pressure this morning, due to the sharp sell-off in shares of Valeant. The company reported weaker than expected quarterly earnings and has slashed its full year profit estimate.
The Bank of Japan refrained from expanding its monetary stimulus as policymakers await to see the impact of the negative interest rate introduced in January. Governor Haruhiko Kuroda and his board members decided by an 8-1 majority vote to hold its target of raising the monetary base at an annual pace of about JPY 80 trillion.
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CANADA, 2015/05/01
Canadian stocks fell, next posting a weekly advance, as drug companies and energy producers declined to offset a gain in gold.
Valeant Pharmaceuticals International Inc. and Concordia Healthcare Corp. tumbled at least 4.4 % to pace declines part health-care stocks. Suncor Energy Inc. fell 0.9 % as oil reversed an before gain. Barrick Gold Corp. added 1.8 % as the company prepares to release earnings results next the market close. BlackBerry Ltd. dropped 1.9 %.
The Standard & Poor’s/TSX Composite Index fell 64.25 points, or 0.4 %, to 15,344.08 at 4 p.m. in Toronto. The benchmark Canadian equity gauge is up 4.9 % for the year.
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CANADA, 2015/04/30
Canada’s major stock index gained modestly on Friday, rising 0.3 % on the week, as a jump in base metal miners overcame a drop in gold miners, which were hit by a one-month low in bullion prices.
A rise in heavily weighted financial stocks as well helped the Toronto Stock Exchange’s S&P/TSX composite index remain in the green, while losses in oil and gas shares weighed.
“The mining area is the one showing a little bit of get up and go today,” said John Kinsey, a portfolio manager at Caldwell Securities Ltd.
With iron ore prices bouncing off multiyear lows, Canada’s Labrador Iron Ore Royalty followed its larger world peers higher, up 7.5 % at C$14.70.
“Some people may think enough is enough and try to put in a bottom here,” Kinsey said, referring to iron ore prices.
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CANADA, 2013/07/28
Canadian stocks ended lower for a fourth session Friday, tracking declining world equity markets as investors await fresh catalysts ahead of some financial policy meets coming up next week. The uncertainty surrounding the U.S. Federal Reserve's move on tapering down its accommodative monetary stimulus program as well also impacted the major index.
Elsewhere, European shares were moving lower even next a statement indicated eurozone's leading economic index increased for the third successive month in June, with hopes that the recession-stricken economy would recover in the second half.
Meanwhile, the International Monetary Fund in a statement said that the European Central Bank has room for further policy rate cuts and should consider offering additional cheaper loans to banks to help the economy exit recession..
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CANADA, 2012/12/11
Canadian stocks were moving higher Monday morning, with energy stocks turning in a particularly strong performance after the Canadian government approved China's CNOOC Limited $15.1 billion takeover of Canadian energy firm Nexen Inc. The government as well approved Malaysian national-owned oil firm Petronas' $5.2 billion bid for Evolution Energy Corp.
