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

The Canadian PressMay 17, 2013 09:45

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

The Canadian PressMay 17, 2013 09:45

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

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

The Canadian PressMay 16, 2013 10:01

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

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

The Canadian PressMay 14, 2013 10:45

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.

Small euro coins may be dropped

Agence France-PresseMay 14, 2013 09:01

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.

TSX, Wall Street markets ahead amid positive U.S. job claims data

The Canadian PressMay 9, 2013 13:15

TORONTO - North American markets were slightly ahead Thursday as the U.S. reported rosier-than-expected unemployment insurance numbers, a sign that the world's largest economy may be continuing with its recovery. The S The Canadian dollar was up 0.05 of a cent at 99.72 cents US. The U.S. Department of Labor said jobless claims dropped by 4,000 last week to a seasonally adjusted 323,000, indicating that there may be more hiring as the number of layoffs return to pre-recession levels. Economists had expected a slight uptick to 358,000.

Loonie declines amid dropping copper and oil prices, positive U.S. jobless data

The Canadian PressMay 9, 2013 13:15

TORONTO - The Canadian dollar made a small gain Thursday after enjoying a recent uptick from rising oil and gold prices. The loonie was down 0.41 of a cent at 99.26 cents US. The strength of the Canadian dollar — at times flirting with parity against the U.S. greenback this week — has been a sign of heightened investor appetite for risk amid optimism that the U.S. economic recovery is gaining momentum. Andrew Pyle, a portfolio manager with Scotia McLeod, says he doesn't expect it to hit that mark any time soon.

Canadian dollar ahead amid positive tone from world markets, commodities

The Canadian PressMay 8, 2013 09:32

TORONTO - The Canadian dollar was ahead Wednesday amid a generally positive tone on world markets and strengthened commodity prices. The loonie was ended the day up 0.11 of a cent to 99.67 cents US. Analysts were watching to see if the U.S. and international markets will continue on their paths of record highs, or if the lack of major economic news will result in some pullback. Ian Nakamoto, a portfolio manager with investment firm MacDougall, MacDougall and MacTier, said the Canadian dollar may be fuelled by confidence in the new Bank of Canada governor.

TSX ends slightly higher on building permits data, while U.S. markets mixed

The Canadian PressMay 6, 2013 09:00

TORONTO - North American markets made modest gains Monday as traders held back from any major moves following the record-breaking highs of last week. The S The Canadian dollar was up 0.09 of a cent at 99.32 cents US, after going through small declines earlier in the day. Market analyst Colin Cieszynski said it's not unusual for markets to pause during a quiet week after taking in so much major economic news days earlier.

Business Highlights

The Canadian PressApril 30, 2013 18:01

___ Brighter view on jobs and pay lifts US confidence WASHINGTON (AP) — Americans are more optimistic that the job market is healing and will deliver higher pay later this year. That brighter outlook, along with rising home prices, cheaper gasoline and a surging stock market, could offset some of the drag from recent tax increases and government spending cuts.