C$ holds onto gains amid tepid optimism
TORONTO, Jan 7 (Reuters) – The Canadian dollar was little
changed against its U.S. counterpart on Monday as it held on to
gains notched late last week, with investors taking a
tentatively positive stance towards the global economy.
Stock markets and commodity prices stalled after a strong
run-up last week, in which the Canadian currency gained 1
percent after strong job growth and a partial deal reached in
U.S. debt talks.
C$ ends week up 1 pct after jump in Canadian jobs
TORONTO, Jan 4 (Reuters) – The Canadian dollar gained
sharply against its U.S. counterpart on Friday after Canada
added a surprisingly robust 39,800 jobs in December, but the
stronger move was hindered by a relatively subdued rate of
hiring in the United States.
The positive shock of the Canadian employment data in the
morning caused an immediate reaction, which was moderated
somewhat in afternoon trade.
C$ rallies after surprising jump in Canadian jobs
TORONTO, Jan 4 (Reuters) – The Canadian dollar gained
sharply against its U.S. counterpart on Friday after Canada
added a surprisingly robust 39,800 jobs in December, but the
stronger move was hindered by a relatively subdued rate of
hiring in the United States.
Canada defied expectations with the outsized gains, all of
which came in full-time jobs and mostly in the private sector.
TSX inches up as miners boosted by China data
TORONTO, Dec 14 (Reuters) – The main Canadian stock index
edged higher on Friday as healthy Chinese data provided a shot
in the arm for mining companies, obscuring a broader decline as
investors retreated over stalled U.S. budget talks.
China’s vast manufacturing sector expanded in December at
its fastest pace in 14 months as new orders and employment rose,
a survey showed on Friday.
C$ ends weaker, hurt by U.S. fiscal worry
TORONTO, Dec 14 (Reuters) – The Canadian dollar weakened
slightly against its U.S. counterpart on Friday, as hopes faded
that a U.S. budget deal will be brokered by the end of the year.
An impasse between Democrats and Republicans is raising the
odds that Congress will fail to meet a year-end deadline to
avert steep U.S. tax hikes and spending cuts.
TSX slips; China data boosts resource stocks
TORONTO, Dec 14 (Reuters) – The main Canadian stock index
inched lower on Friday, as gains in some mining and energy
stocks, spurred by healthy Chinese data, were offset by investor
fears over stalled U.S. budget talks.
A slew of global data provided an uneven picture of economic
recovery and stagnation, with Europe seemingly stuck in a
low-growth mode and China and the United States showing signs of
recovery.
Canada’s clarity on foreign investment rules to buoy C$
TORONTO (Reuters) – The greater clarity on foreign investment rules that Canada provided along with its approval late last week of two big takeovers should boost the Canadian dollar when markets open on Monday and could also buoy stocks of companies seen as likely takeover targets.
Although the new rules announced with the approvals of CNOOC Ltd’s (0883.HK: Quote, Profile, Research) $15.1 billion bid for Nexen Inc (NXY.TO: Quote, Profile, Research) and the $5.3 billion takeover of Progress Energy Resources Corp (PRQ.TO: Quote, Profile, Research) by Petronas PETR.UL will curb investments by state-owned enterprises, they will not shut off the foreign investment tap, analysts and market sources said.
C$ stumbles after weak Canada GDP, US consumer data
TORONTO, Nov 30 (Reuters) – The Canadian dollar weakened
against the U.S. currency on Friday as domestic economic growth
data disappointed and a fall in U.S. consumer spending pointed
to troubles ahead in Canada’s biggest export market.
The Canadian economy grew at a weaker-than-expected 0.6
percent annual rate in the third quarter, data showed, as
exports fell at the fastest pace in more than three years,
business investment sputtered and the housing market cooled.
Resources pull down TSX as “fiscal cliff” eyed
TORONTO, Nov 27 (Reuters) – Canadian stocks fell on Tuesday,
weighed down by losses in heavyweight gold-mining and energy
shares as bullion and oil dipped and investors brushed off a
Greek debt deal, focusing instead on sluggish talks to avoid a
looming U.S. fiscal crisis.
The U.S. Congress advanced by inches toward compromise on
taxes and spending to try to avert the “fiscal cliff” that some
fear will spur a recession but a firm deal still seemed miles
away despite growing pressure from business interests for
action.
TSX slips as miners, energy weakness weighs
TORONTO, Nov 27 (Reuters) – Canadian stocks moved lower on
Tuesday, weighed down by a drop in gold mining and energy
shares, as bullion and oil dipped and investors brushed off a
Greek debt deal to focus on a looming U.S. fiscal crisis.
Bombardier Inc jumped 8.3 percent to C$3.38 after
the planemaker signed a $7.8 billion deal to supply business
jets to a private Swiss charter operator.
