C$ ticks higher, but China move hampers upside
TORONTO, Nov 19 (Reuters) – Canada’s dollar firmed slightly
against its U.S. counterpart on Friday but China’s move to
tighten monetary policy kept the currency trading in a narrow
range.
China ordered lenders on Friday to lock up more of their
money with the central bank for the second time in two weeks,
stepping up its battle to pull excess cash out of the economy
before inflation has a chance to take off. [ID:nL3E6MJ0N8]
Ontario looks set to regulate derivatives market
TORONTO, Nov 18 (Reuters) – Ontario looks set to introduce
new rules to govern the multi-trillion dollar Canadian
derivatives market, a surprise move market watchers say risks
alienating the industry and other regulators and governments.
The Globe and Mail newspaper said that Canada’s most
populous province will introduce the legislation on Thursday as
part of its fall economic statement.
C$ climbs on domestic data, easing Irish fears
TORONTO, Nov 18 (Reuters) – Canada’s dollar rose against
its U.S. counterpart on Thursday as a weak greenback and
optimism Ireland may soon see a solution to its debt woes
helped attract investors to higher-yielding currencies.
The currency also got a bounce from domestic data that
showed Canada’s composite leading indicator rose 0.2 percent in
October after dropping in September, while wholesale trade
unexpectedly rose 0.4 percent in September. [ID:nSCLIME67B]
[ID:nN18271262]
Resource rebound lifts TSX; RIM gains
TORONTO, Nov 10 (Reuters) – Toronto’s main stock index
ended higher after a volatile session on Wednesday as strength
in the price of oil and gold helped to lift the market’s hefty
commodity-linked issues.
Research In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz) also gave the market a boost,
gaining 5.7 percent to C$58.61.
Resource rebound lifts TSX index
TORONTO, Nov 10 (Reuters) – Toronto’s main stock index
ended higher after a volatile session on Wednesday as strength
in the price of oil and gold helped to lift the market’s hefty
commodity-linked issues.
The energy and materials sectors, both down substantially
in early trade, recovered to gain 0.3 percent and 0.6 percent,
respectively.
TSX tumbles as strong US$ weighs on resources
TORONTO, Nov 9 (Reuters) – Toronto’s main stock index ended
lower on Tuesday after touching a two-year high earlier in the
session, as a steep rise by the U.S. dollar helped push
commodity prices lower.
Spot gold XAU= soared to a record high for a fourth day
running, touching above $1,424 an ounce, but retreated sharply
by day’s end as the stronger greenback prompted heavy
profit-taking by investors. [GOL/] [FRX/]
TSX little changed as financials offset resources
TORONTO, Nov 9 (Reuters) – Toronto’s main stock index was
little changed early Tuesday afternoon, after retreating from a
two-year high, as higher commodity prices were offset by weak
financials.
Spot gold XAU= soared to a record high for a fourth day
running, hitting $1,422.30 an ounce and fueling gains by gold
miners. Other key commodities, including copper and oil, were
also at multimonth highs. [O/R] [MET/L] [GOL/]
TMX profit climbs on rising revenue; ups dividend
TORONTO, Oct 27 (Reuters) – Canadian stock exchange
operator TMX Group Inc (X.TO: Quote, Profile, Research, Stock Buzz) boosted its dividend on Wednesday
as it reported a rise in quarterly profit and revenue, while
expenses shrank, sending its shares up 2.7 percent.
TMX, which runs the Toronto Stock Exchange, the small-cap
TSX Venture Exchange and the Montreal Exchange derivatives
market, said net income rose to C$50.8 million ($49.3 million),
or 68 Canadian cents a share, in the third quarter. That
compares with a profit of C$41.7 million, or 56 Canadian cents
a share, a year earlier.
Stock volumes seen rising as trading options grow
TORONTO, Oct 24 (Reuters) – Canadian stock trading volumes
look set to rise in the coming months as the country’s main
stock exchange and its domestic and foreign competitors push to
roll out new dealing platforms and fresh ways to route orders.
The changes, which some warn could inflame tensions over
trading costs, are part of a global trend that has seen
traditional exchanges and new players fight aggressively for
market share.
U.S. must maintain confidence in dollar
TORONTO (Reuters) – The United States must preserve confidence in the dollar even as it looks at a variety of ways to combat the economic slowdown, Paul Volcker, special adviser to President Barack Obama, said on Wednesday.
The former Federal Reserve Chairman said it is difficult to find any sector of the U.S. economy that has any “spark”, so authorities should be examining what fiscal and monetary tools they have available.
