TORONTO, Feb 23 (Reuters) – The Canadian dollar
climbed against the U.S. currency on Thursday as upbeat U.S.
labor market data spurred investor optimism the world’s top
economy was slowly mending.
The U.S. data showed new claims for unemployment benefits
held at their lowest level since the early days of the 2008-09
TORONTO, Feb 23 (Reuters) – Canada will raise its
objections to some elements of the U.S. Volcker rule with U.S.
Treasury Secretary Tim Geithner at a weekend meeting of Group of
20 policymakers, Canadian Finance Minister Jim Flaherty said on
“The issue that the Volcker rule is attempting to address is
not particularly clear with the Canadian financial institutions.
It kind of misses the mark when you look at Canadian financial
institutions which were not very much involved in proprietary
trading,” Flaherty told reporters in Toronto.
TORONTO, Feb 22 (Reuters) – Canada’s dollar sank
against its U.S counterpart on Wednesday as weak European and
Chinese economic data sapped investor appetite for riskier
assets, while worries about Greece continued to infuse an
element of uncertainty.
Concerns revolved around the health of the euro zone economy
as data showed the services sector shrank this month along with
manufacturing. The weakness was echoed in China, where data
showed export orders fell in their worst performance in eight
TORONTO, Feb 22 (Reuters) – Fewer fines and jail
sentences were imposed for Canadian securities offenses last
year, but regulators stepped up their use of trading bans and
asset freezes in a preemptive effort to contain abuse.
In a report released on Wednesday, the Canadian Securities
Administrators said courts imposed eight jail sentences for
offenses related to securities law and imposed some C$52 million
($52 million) in fines and administrative penalties.
TORONTO, Feb 22 (Reuters) – The Canadian dollar
retreated against its U.S counterpart on Wednesday as weak euro
zone and China data sapped investor appetite for riskier assets.
European February PMIs came in weaker than expected and a
preliminary survey of China’s industrial activity showed the
overall manufacturing sector contracting for a fourth-straight
month. Both sets of data helped to push down global equity
TORONTO, Feb 21 (Reuters) – The Canadian dollar
weakened against its U.S counterpart on Tuesday on investor
doubt about the implementation of a long-awaited second bailout
deal for Greece.
After 13 hours of talks, euro zone ministers finalized a 130
billion euro ($172 billion) agreement after forcing Athens to
commit to unpopular budget cutbacks and for private bondholders
to accept deeper losses, ensuring the government can meet a debt
repayment due next month.
TORONTO, Feb 17 (Reuters) – Canada’s dollar eked out a
small gain against the U.S. dollar on Friday after data showed
inflation rose more than expected last month, but the move is
unlikely to prompt the Bank of Canada to raise interest rates
The annual inflation rate increased to 2.5 percent in
January from 2.3 percent in December, helped higher by strong
energy and transportation prices.
TORONTO, Feb 16 (Reuters) – The Canadian dollar rose
against the U.S. currency on Thursday, surging back from a
two-week low earlier in the day, on upbeat U.S. economic data
and optimism that Greece has done enough to secure a second
The currency tracked world stocks and the euro higher after
Greek officials said they hoped that euro zone finance ministers
would sign off on the bailout deal on Monday. That would be a
month before Athens needs to repay 14.5 billion euros of debt
obligations due on March 20.
TORONTO, Feb 16 (Reuters) – The Canadian dollar was
higher against the greenback on Thursday afternoon, surging up
from a two-week low earlier in the day on upbeat U.S. economic
data and optimism that European leaders could be nearing a deal
to avoid a Greek debt default.
The currency followed overseas equity markets and the euro
higher after a euro zone official said EU leaders were putting
the finishing touches on a second debt bailout for
TORONTO, Feb 10 (Reuters) – Canada’s main stock index
sank to a two-week low on Friday and notched its first weekly
drop in eight weeks as doubts grew that Greece’s debt bailout
deal would win final European approval.
The jitters sparked a drop in commodity prices and global
equity markets. The Toronto index’s mining-heavy materials
sector fell 1.2 percent as gold and base metals prices weakened.
Among the miners, Teck Resources fell 1.4 percent to
C$40.24 and Barrick Gold dropped 1.3 percent to