TORONTO, May 13 (Reuters) – Canadian stocks, which slumped
to a 2012 low last week, are likely to suffer further losses in
the coming months as Europe’s debt woes move back into the
headlines and China’s economy struggles to maintain momentum.
Market watchers warn the benchmark Toronto Stock Exchange
S&P/TSX composite index could easily revisit its 2011
low, giving credence to the old market adage “sell in May and go
TORONTO, March 28 (Reuters) – Canada’s resource-heavy dollar
slid back toward parity with the U.S. currency on Wednesday as
oil prices sank and unexpectedly weak U.S. data hinted that the
American economic recovery may be less robust than anticipated.
Oil prices fell as U.S. crude inventories spiked and as
prospects grew that the United States and some European nations
might tap strategic reserves. U.S. futures retreated, down 2.2
percent near $105 a barrel.
TORONTO, March 23 (Reuters) – Canadian housing prices rose
for a second straight month in February, but the size of the
increase continued to shrink from year-earlier levels, the
Canadian Real Estate Association said on Friday.
The recently launched MLS Home Price Index, which monitors
housing prices in five major urban markets, rose 1.1 percent in
February from January, and was up 5.1 percent from February
2011, the smallest year-over-year increase since last June. In
January, prices were up 5.2 percent year-over-year.
TORONTO, March 23 (Reuters) – The Canadian dollar touched a
monthly low against its U.S. counterpart on Friday after data
showed Canada’s annual inflation rate edged up in February to
2.6 percent from a rate of 2.5 percent in January.
Core inflation, which excludes eight volatile items
including gasoline and some food, sped up to 2.3 percent versus
market expectations of 2.2 percent rate, Statistics Canada said
on Friday. On a monthly basis, the headline consumer price index
climbed 0.4 percent, under pressure from higher gasoline and
TORONTO, March 15 (Reuters) – Canadian home sales
climbed in February after a soft January and price gains picked
up speed, confirming the country’s housing market remains
buoyant and a potential concern for bubble-wary policymakers.
February existing home sales in Canada grew by 1.4
percent from a month earlier, Canadian Real Estate Association
data showed on Thursday.
TORONTO, March 13 (Reuters) – Canada’s dollar advanced
against the U.S. currency on Tuesday after a European economic
think tank said there was “no chance” of a German recession and
on expectations there will be no fresh stimulus moves by the
U.S. Federal Reserve later in the day.
The ZEW survey for March showed German analyst and investor
sentiment rising significantly more than expected to its highest
level since June 2010. ZEW economist Michael Schroeder said the
boost was due to optimism over Greece’s debt deal and the
feeling that the worst for Europe’s banking sector was over.