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TSX advances, Alcoa beats expectations, Fed strikes dovish stance in minutes

TORONTO - The Toronto stock market was higher Wednesday as minutes from the Federal Reserve's latest interest rate meeting were taken to indicate that the U.S. central bank will be more accomodative than thought in keeping short-term rates low. The S Indexes were also boosted by strong earnings reports from the retail and resource sectors. The Canadian dollar climbed 0.42 of a cent to 91.98 cents US.

Miners push TSX up amid weather impacted housing data, interest rate forecasts

TORONTO - The Toronto stock market closed modestly higher Tuesday as a rally in copper prices pushed mining stocks higher while traders looked at the latest assessment of when interest rates might rise and by how much. The S The Canadian dollar was up 0.28 of a cent at 89.61 cents US. New York markets were also higher as traders looked to see how severe winter weather affected the housing sector. The Dow Jones industrials ran up 91.19 points to 16,367.88, the Nasdaq added 7.88 points to 4,234.27 and the S

TSX set to advance amid hopes that China's will take steps to bolster growth

TORONTO - The Toronto stock market looked set for a positive session Monday amid hopes that data showing continued contraction of China's manufacturing sector will force authorities to take steps to meet its growth target. The Canadian dollar was down 0.07 of a cent to 89.14 cents US. U.S. futures were slightly higher after the preliminary version of HSBC’s purchasing managers’ index for China dropped to 48.1 in March from February’s 48.5. It was the lowest reading since July 2013 and was below consensus expectations of a modest rise.

Toronto stock market closes lower, ends week higher on economic optimism

TORONTO - The Toronto stock market closed lower Friday at the end of a positive week where indications that the U.S. economy didn't take a major weather-related hit this winter helped ease the prospect of higher interest rates. The S The Canadian dollar was ahead 0.26 of a cent at 89.21 cents US in the wake of a better than expected reading on retail sales for January and slowing price pressures. Statistics Canada said retail sales were up 1.3 per cent, against the 0.7 per cent rise that had been expected.

Canadian dollar tumbles, central bank governor warns of slowing growth

TORONTO - The Canadian dollar lost early headway to close down about two-thirds of a US cent Tuesday after the governor of the Bank of Canada said the economy may miss expectations in the first few months of this year and the slowdown may not be all related to the weather. Stephen Poloz said in a speech in Halifax that slower than normal growth may be the new norm for Canada and the world and that that will require central bankers to keep interest rates low for longer than they would have in the past.

US factory output rebounded strongly in February from January's weather-related setback

WASHINGTON - U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in January. Manufacturers produced more autos, home electronics and chemicals. The Federal Reserve said Monday that factory production surged 0.8 per cent, nearly reversing a 0.9 per cent plunge in January that was due mainly to weather. February's gain was the largest in six months. The figures suggest that factories are poised to boost output and drive more economic growth as the weather improves.

TSX heads lower amid uncertainty about Chinese growth, Crimea referendum

TORONTO - The Toronto stock market was lower Friday with traders going into the weekend cautious about China's economic performance and the crisis over Ukraine. The S The Canadian dollar was down 0.36 of a cent to 90.11 cents US. New York indexes were flat as the latest reading on consumer sentiment also weighed on sentiment. The University of Michigan's widely watched index declined to 79.9 from 81.6 in February and was lower than the 82.5 reading that had been forecast.

Toronto stock market falls; miners sell off amid plunging copper prices

TORONTO - The Toronto Stock Exchange closed lower Tuesday, dragged down by base metal miners as worries about Chinese growth slammed copper prices for a third day, leaving the metal at its lowest level in almost four years. The S The Canadian dollar dipped 0.01 of a cent to 90.07 cents US. New York's Dow Jones industrials fell 67.43 points to 16,351.25, the Nasdaq dropped 27.26 points to 4,307.19 while the S

Toronto stock market moves lower; investors look to jobs data, Ukraine crisis

TORONTO - The Toronto stock market closed lower Thursday as traders prepared to take in the release of job creation data Friday. They also absorbed the latest developments in the Russia-Ukraine crisis that could see Ukraine break up. The S The Canadian dollar gained 0.38 of a cent to 90.98 cents US amid a better than expected read on building permits in January. U.S. indexes were mainly higher, with the Dow Jones industrials up 61.71 points to 16,421.89. The Nasdaq declined 5.84 points to 4,352.13 while the S

Questions raised over California treasure trove

A dealer handling a $10 million treasure trove found by a US couple dismissed Tuesday a report that the horde may have been stolen and therefore have to be given back. The California couple uncovered eight cans filled with more than 1,400 coins on their property, in what is believed to be the most valuable treasure trove ever discovered in the United States. They took them to a firm specializing in ancient coins, Kagin's Inc, which valued them and announced last week that they will sell them, via online retail giant Amazon.
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