Online Editor, Small Businees
Jon's Feed
Feb 7, 2012

C$ firms on Greek debt deal hopes

TORONTO, Feb 7 (Reuters) – The Canadian dollar firmed
against its U.S. counterpart on Tuesday, as commodities were
boosted by renewed optimism that a Greek debt deal was near.

A range of commodity linked currencies like the Canadian
dollar rallied on news Greece was close to terms on a bailout,
after a Greek official said Athens was drafting a list of
austerity reforms needed to clinch a new financial package.

Feb 7, 2012

TSX pares losses on Greek deal hopes

TORONTO, Feb 7 (Reuters) – Toronto’s main stock index
pared losses after hitting a February low on Tuesday midday,
after mining and energy issues rebounded on renewed optimism
over a Greek debt deal, which helped offset worries about
sluggish Chinese demand.

Greece’s government is preparing a document with a list of
painful reforms needed to clinch a new financing package, a
government official said on Tuesday, moving Athens one step
closer to a deal needed to avoid a debt default.

Feb 7, 2012

C$ pares early losses on Greek deal hopes

TORONTO, Feb 7 (Reuters) – The Canadian dollar pared
losses against its U.S. counterpart on Tuesday morning and
looked set to move higher after a Greek official said Athens is
drafting a bailout agreement to be placed before political
leaders for approval later in the day.

Greece has been in talks to come to terms on new austerity
measures demanded by the European Union in return for another
bailout, which needs to be approved by Feb. 15 if the money is
to be available in time for Athens to meet a 14.5 billion euro
($18.96 billion) bond redemption in March.

Feb 6, 2012

C$ rally stalls with Greek debt talks

TORONTO, Feb 6 (Reuters) – The Canadian dollar
weakened against its U.S. counterpart on Monday, pulling back
from a 3-month high hit Friday, as Greek debt worries mounted
after ongoing talks with European policymakers to avoid a messy
default missed another deadline.

A European Commission spokesman said Greece had already gone
beyond the deadline for finalising talks on the second financing
package from the euro zone and the International Monetary Fund,
and Athens needed urgently to take decisions.

Feb 6, 2012

Canadian home prices rise in January-CREA

TORONTO, Feb 6 (Reuters) – Canadian house prices rose
in January on a monthly basis for the first time in three
months, led by gains in Montreal, Toronto and Vancouver,
according to a report from the Canadian Real Estate Association.

The newly launched MLS Home Price Index, which monitors
housing prices in five major urban markets, rose 0.27 percent in
January to 149.3 from a month earlier. It was up 5.2 percent
from January 2011. The report did not provide any actual prices.

Feb 6, 2012

C$ stumbles on mounting Greek concerns

TORONTO, Feb 6 (Reuters) – The Canadian dollar
weakened against its U.S. counterpart on Monday, falling in
tandem with the euro, as worries about Greece’s unresolved debt
deal took the lustre off Friday’s confidence-boosting U.S. jobs
data.

A European Commission spokesman said Greece had already gone
beyond the deadline for finalising talks on the second financing
package from the euro zone and the International Monetary Fund,
and Athens needed urgently to take decisions.

Feb 3, 2012

TSX hits highest close in nearly four months

TORONTO, Feb 3 (Reuters) – Canadian stocks closed at
their highest level in nearly four months on Friday, boosted by
financial and energy issues as surprisingly healthy U.S.
employment figures offset sluggish Canadian jobs data and
uncertainty over a Greek debt deal.

U.S. job creation in January far outstripped analyst
expectations, with the unemployment rate dropping to a near
three-year low of 8.3 percent.

Jan 9, 2012

Loonie rebounds from 2012 low to close stronger

TORONTO (Reuters) – The Canadian dollar closed stronger on Monday, recovering after touching its lowest level in nearly three weeks, mirroring gains in the euro and commodities even as many investors remain bearish on the prospects for riskier assets.

The euro rallied from a 16-month low against the U.S. dollar as participants pared bearish bets on the single currency ahead of key European events this week, with the Canadian dollar getting caught up in the rebound.

Dec 21, 2011
Nov 25, 2011
    • About Jon

      "Jon Cook is a new media veteran, having worked online since 1996. Jon has specialized in startups, having cut his teeth as an editor/reporter at Canoe.ca for 12 years; contributing to its growth as one of Canada's premier online news destinations. Before coming to Reuters Jon helped launch the GlobeandMail.com's small business section - The Business Incubator - producing stories, podcasts and video interviews that illustrated the intense challenges facing today's entrepreneurs. Jon is a hybrid journalist who has been regularly published online, as well as in newspapers across the country and has appeared on television, including the CBC. ..."
    • More from Jon

    • Contact Jon

    • Follow Jon