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Canadian dollar falls, dragged down by weaker-than-expected inflation figures

TORONTO - The Canadian dollar headed lower Friday after Statistics Canada reported that consumer prices rose last month at the slowest rate it's seen in more than three years. The loonie finished the day down 0.95 of a cent to 97.17 cents US as the U.S. dollar also gained strength against other major currencies. The Canadian dollar was as low as 96.96 cents at one point in the morning, a level not seen in more than two months.

Toronto, Wall Street surge higher amid positive U.S. data, consumer sentiment

TORONTO - The Toronto Stock Exchange surged ahead Friday, encouraged by gains from the U.S. markets, after data showed the world's largest economy may be in recovery. "We continue to grind higher here," said Jason Hornett, a portfolio manager with Bissett Investment Management. "People continue to be more and more optimistic here in North America and it definitely bodes well for the stock market." The S

World stocks mixed ahead of release of leading US economic indicators for April

BANGKOK - World stock markets were mixed Friday as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook. Investors were looking ahead to the Conference Board's index of leading indicators for April, to be released later Friday. The index is designed to anticipate economic conditions three to six months out. Analysts hope the figures will balance out several discouraging economic reports released Thursday, including a jump in unemployment aid applications to their highest level in six weeks.

Dollar gains slightly in Asia

The dollar gained slightly in Asia on Friday as investors cautiously adjusted their positions following the unit's recent surge. The US currency was at 102.28 yen in afternoon Asian trade against 102.22 yen in New York late Thursday. The euro bought $1.2864 and 131.57 yen against $1.2886 and 131.72 yen in US trade. In early Tokyo trade, the dollar briefly fell near the 102-yen mark but had rebounded by late morning. Support for the dollar was firm as there were plenty of players, including importers, willing to buy on dips amid the recent rally, brokers said.

Major currencies flat amid dull US data

The dollar, euro and yen traded broadly flat Thursday, despite fresh data signaling Japan's exit from recession and US numbers that underscored that underscored weaknesses in the US economy. At 2200 GMT, the euro was at $1.2886, compared to $1.2884 late Wednesday. The dollar was at 102.22 yen compared to 102.23 yen, while the euro was unchanged at 131.72 yen. The yen failed to hold onto early gains that followed official data in Tokyo showing Japan's economy exited from recession in the first quarter, expanding 0.9 percent from the previous quarter.

Loonie falls amid weak U.S. economic data, BoC paper on monetary policy

TORONTO - The Canadian dollar was ended lower Thursday amid a round of disappointing U.S. economic reports and a commentary on monetary policy from the Bank of Canada. The loonie fell 0.19 of a cent to 98.12 cents US. Bob Gorman, a senior portfolio strategist with TD Wealth, said the loonie is on a downwards trajectory. "We feel the loonie will likely lose some altitude, reflecting some lower economic growth we see south of the border, Canada's trade numbers ... (and not) a lot of support from commodities," he said.

Toronto, NY markets end mixed amid weak U.S. jobless claims, housing figures

TORONTO - The Toronto Stock Exchange closed higher Thursday despite a pullback on Wall Street amid a round of disappointing reports that suggested the U.S. economy is not recovering as much as some would like to believe. The S It was a different story on Wall Street, where the Dow Jones index retreated 42.47 points to 15,233.22 and the S

Nevsun Resources raising dividend by 40 per cent with next semi-annual payout

VANCOUVER - Nevsun Resources Ltd. (TSX:NSU) is increasing its semi-annual cash dividend by 40 per cent, starting with the summer payout. The Vancouver-based mining company's dividend, to be paid in U.S. currency on July 15, will rise by two cents to seven cents per share. Based on the Wednesday closing price for Nevsun stock, the dividend's annual yield would be about four per cent. Nevsun's main asset is the Bisha mine which produces gold, silver, copper and zinc. The mine is in eastern Africa.

Asia shares mixed despite stronger Japanese growth

Asian shares were mixed on Thursday despite another record US stocks close and fresh data that showed Japan's economy grew faster than expected in the quarter to March. The dollar was little changed against the yen after investors adjusted positions on the greenback's recent surge, while the euro was weak on gloomy European growth data. Tokyo fell 0.39 percent, or 58.79 points, to 15,037.24, Sydney dropped 0.50 percent, or 26 points, to 5,165.7, while Seoul rose 0.79 percent, or 15.55 points, to 1,986.81.

Tokyo stocks down 1.08% by break

Tokyo stocks lost early gains to close Thursday morning's session down 1.08 percent, despite US shares hitting all-time highs and fresh data that showed Japan's economy grew between January and March. The benchmark Nikkei 225 index, which closed at its highest level in more than five years on Wednesday, was down 163.08 points to 14,932.95, while the Topix index of all first-section shares declined 1.45 percent, or 18.19 points, at 1,234.66.
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