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
this year.

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
bailout.

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
Greece.

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
C$48.25.

TORONTO, Feb 10 (Reuters) – Canada’s main stock index
sank more than 1 percent to a two-week low on Friday as doubts
grew that Greece’s debt bailout deal would win final European
approval, sparking a drop in commodity prices and global equity
markets.

Suncor Energy was down 1.3 percent at C$34.15 and
Canadian Natural Resources skidded 2.1 percent to
C$37.50 as crude prices plunged on the renewed euro zone woes
and as the International Energy Agency cut its oil demand
forecast for a sixth consecutive month due to a weak global
economy.

TORONTO, Feb 9 (Reuters) – Canada’s dollar
strengthened to a 2012 high against its U.S. counterpart on
Thursday on firmer oil prices and as investors sought riskier
assets on news a Greek bailout package had been reached.

European stocks and the euro bounced higher after European
Central Bank President Mario Draghi confirmed that Greece had
clinched a deal for emergency aid needed to avoid a disorderly
default.

Feb 8 (Reuters) – TMX Group, the Canadian
exchange operator awaiting regulatory approval for its proposed
$3.8 billion takeover, on Wednesday said quarterly results
tumbled as economic uncertainty hit its listings and equity
trading businesses.

TMX, which owns the Toronto Stock Exchange and the TSX
Venture Exchange, said the 21 percent decline in its
fourth-quarter profit also reflected higher costs linked to
Maple Group Acquisition Corp’s proposed deal.

TORONTO, Feb 8 (Reuters) – Canada’s dollar was little
changed against its U.S. counterpart on Wednesday with the
currency stuck in a tight trading pattern as investors awaited
any resolution on a second Greek bailout.

Greek leaders are due to meet on Wednesday to agree a deal
on painful austerity steps needed to secure a 130 billion euro
($172 billion) rescue from the IMF and European Union and avoid
a messy debt default.

TORONTO (Reuters) – The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board (FSB), a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end.

Bank of Canada Senior Deputy Governor Tiff Macklem, who chairs a key FSB committee, pushed back against bankers who argue now is not the time to impose tougher new capital standards on lenders due to the recession in Europe and a weak U.S. economy.