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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.

Canadian dollar headed lower amid softening copper prices, European markets

TORONTO - The Canadian dollar headed lower Wednesday due to softening world markets and commodity prices, particularly copper. The loonie was down 0.05 of a cent to 98.28 cents US. The price of July copper dipped two cents to $3.27, signalling a weakening outlook for China and Europe and leaving the Canadian dollar vulnerable to more declines. The loonie was close to parity with the U.S. greenback last week. The June crude contract was down 98 cents to US$93.23 a barrel, while June gold bullion fell $29.60 to US$1,394.90 an ounce — its lowest price in a month.

Toronto index falls, while New York lifted amid negative economic data

TORONTO - The Toronto stock market plunged more than 100 points Wednesday as traders digested a slew of economic data signalling a possible slowdown in both the Canadian and U.S. economies. The S The Canadian dollar was down 0.02 of a cent at 98.31 cents US.

Dow, S&P close at record highs, building on momentum of recent gains calendar

TORONTO - North American markets closed higher Tuesday, building on the momentum of recent record highs as investors bet that the upward trend has not yet run its course. The S Both the Dow Jones industrial index and S "Markets, globally, in general are on the rise," said Gareth Watson, vice-president of the investment management group at Richardson GMP Ltd.

Canadian dollar weakens on falling commodity prices, softer world markets

TORONTO - The Canadian dollar fell Tuesday as commodities continued to trade lower after beginning the week in negative territory. The loonie was down of 0.58 of a cent to 98.33 cents US. The June crude oil contract dipped 96 cents to US$94.21 a barrel, June gold bullion dropped $9.80 to US$1,424.50 an ounce and July copper dipped eight cents to US$3.28 a pound.

Small euro coins may be dropped

Small change in the euro, one and two-cent coins, expensive to make and a nuisance for many, may have no future, the European Commission said Tuesday. Small and awkward they may be: but they have cost the eurozone about 1.4 billion euros since 2002, the Commission said. The Commission outlined four possible scenarios for the coins, based on a cost-benefit analysis of their use -- the status quo, making cheaper versions, and a speedy or a gradual withdrawal. It said public attitudes are mixed overall.
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