TORONTO, Aug 30 (Reuters) – The Canadian dollar pared losses
against its U.S. counterpart on Friday after Canadian gross
domestic product (GDP) data for the second quarter slightly
Disappointing data in recent weeks have lowered hopes for a
strong showing from the Canadian economy, which shifted into
lower gear in the second quarter and contracted in June, partly
affected by a Quebec construction strike and flooding in
Right now I miss Cairo. It’s early here by your standards and there is no one, nowhere.
TORONTO, Aug 20 (Reuters) – The Canadian dollar fell to its
weakest against the U.S. dollar in nearly two weeks and dropped
to its lowest against major European currencies since late 2011
on Tuesday, hurt by weak domestic data and a fall in the price
of U.S. crude oil.
The currency also took a hit as Canadian government bond
yields fell from highs reached on Monday. Lower yields tend to
reduce a currency’s appeal because they are less likely to
attract international capital flows.
TORONTO (Reuters) – Canada’s three biggest wireless companies plan to attack Verizon Communications Inc’s role in the U.S. government’s electronic spying scandal, as they scramble to force Ottawa to rethink rules that encourage Verizon to set up in Canada, according to four sources.
The Canadian government has so far spurned an intense lobbying effort from the trio – Rogers Communications, BCE Inc and Telus Corp – by insisting its policies will cut Canadians’ wireless bills.
TORONTO, Aug 13 (Reuters) – Ontario’s securities regulator
is seeking opinions on a prospective exchange operator’s radical
proposals about market trades and will mull whether to amend
rules governing Canadian markets to accommodate the newcomer.
The new entrant, Aequitas Innovations Inc, aims to break the
dominant grip of Toronto Stock Exchange operator TMX Group
on Canadian equity trading with innovative structures
that it says will improve the overall quality of trading.
TORONTO (Reuters) – The Canadian dollar is expected to drop further against the U.S. dollar in the coming months and stay weaker for longer than previously forecast, a Reuters poll of economists and currency strategists showed on Friday, with a pull-back in the U.S. Federal Reserve’s stimulus program boosting the greenback.
The median forecast in the survey of 45 economists and foreign exchange strategists was for the Canadian dollar to trade at C$1.04 to the U.S. dollar in one month, and at C$1.05 in three months and six months.