TORONTO, June 20 (Reuters) – The Canadian dollar firmed to
its strongest level since the first week of 2014 on Friday after
surprisingly high Canadian inflation data and robust retail
sales increased speculation that the central bank will soon have
to shift its policy stance.
The Bank of Canada warned investors just last week that low
inflation is a lingering concern, signaling to markets its
reluctance to raise interest rates. But the twin data points
jolted the currency about half a cent stronger as it forced
traders to rethink the rate outlook.
WATERLOO Ontario/TORONTO (Reuters) – BlackBerry Ltd posted a narrower-than-expected loss as the troubled smartphone maker’s turnaround efforts started to pay off, raising hopes its chief executive can deliver on a pledge to return the company to steady profits.
Shares jumped more than 10 percent on Thursday after BlackBerry said it spent less cash than many expected and its gross profit margin rose from a year earlier.
WATERLOO/TORONTO (Reuters) – BlackBerry Ltd (BBRY.O: Quote, Profile, Research, Stock Buzz) (BB.TO: Quote, Profile, Research, Stock Buzz) reported a smaller-than-expected quarterly loss on Thursday as the smartphone company’s cost cutting and other turnaround efforts started to pay off.
Shares jumped more than 10 percent in early trade after BlackBerry burned through less cash than many expected and its gross profit margin rose from a year earlier.