TORONTO, Aug 8 (Reuters) – Canada’s dollar slid almost a
penny to its lowest in almost six weeks against the U.S.
currency on Monday, hurt by tumbling oil prices on global
unease about a possible double-dip recession and twin debt
The Canadian dollar CAD=D4 fell as low as C$0.9880 to the
U.S. dollar, or $1.0127, its lowest since June 28.
TORONTO/BANGALORE, Aug 5 (Reuters) – Canada’s biggest
office and retail landlords reported strong quarterly results
on Friday, boosted by acquisitions and long-term leasing
Brookfield Office Properties (BPO.N: Quote, Profile, Research, Stock Buzz)(BPO.TO: Quote, Profile, Research, Stock Buzz) and RioCan
Real Estate Investment Trust (REI_u.TO: Quote, Profile, Research, Stock Buzz) said funds from
operations, the most closely watched performance measure for
REITs, rose in the three months to the end of June.
TORONTO, Aug 5 (Reuters) – Canada’s dollar pared losses
against the U.S. currency on Friday morning after encouraging
Canadian jobs data, but overarching worry about a slowing
global economy weighed.
Canada’s unemployment rate fell to 7.2 percent in July, its
lowest level since December 2008, from 7.4 percent in June,
though this was more due to people dropping out of the labor
market than to new employment.
TORONTO, Aug 3 (Reuters) – Toronto’s main stock index
tumbled more than 1 percent on Wednesday morning to its lowest
level in more than eight months after an index of U.S.
non-manufacturing activity came in below economists’ forecasts,
adding to worries about the U.S. economy.
There was some relief early on about the U.S. economy as
the ADP payrolls figures for July, a reading on private sector
employment, came in stronger than expected. [ID:nN1E77208M]
TORONTO, July 24 (Reuters) – Another stellar quarter of
profit growth from Canada’s biggest companies may do little to
boost its stock market, with investors focused firmly on
worrying global debt crises.
Canada’s second-quarter earnings season kicks off in force
this week, with a recovery at insurer Manulife Financial
(MFC.TO: Quote, Profile, Research, Stock Buzz) and rising commodity prices expected to help generate
double-digit profit gains for blue-chip companies on average.
TORONTO, July 12 (Reuters) – Hong Kong’s top financial
official said on Tuesday he had not had talks with U.S. or
Canadian securities regulators about their probes into
embattled Chinese forestry company Sino-Forest (TRE.TO: Quote, Profile, Research, Stock Buzz).
Hong Kong Financial Secretary John Tsang also replied “no”
when asked by reporters after a speech in Toronto if North
American regulators had requested he look into Sino-Forest.
OTTAWA/TORONTO, July 11 (Reuters) – Strong housing starts
and a marked improvement in the business outlook revealed on
Monday that the Canadian economy is humming along at a healthy
pace, adding pressure on the Bank of Canada to raise interest
The hiring intentions of businesses were at a record high
in the second quarter and the outlook on sales, investment and
financing was upbeat, according to the central bank’s
second-quarter business outlook survey. [ID:nN1E76A0K5]
TORONTO (Reuters) – Alberta Investment Management Corp is prowling for deals “between the cracks” in infrastructure and real estate almost anywhere in the world, with an eye on utilities, its CEO told the Reuters Global Real Estate and Infrastructure Summit on Tuesday.
AimCo Chief Executive Leo de Bever told Reuters in a wide-ranging interview that the pension fund administrator looks for smaller transactions with complexity and also considers jurisdictions with “a shortage of capital” and stable regulatory regimes.
TORONTO, June 20 (Reuters) – Canadian Finance Minister Jim
Flaherty said on Monday he continues to monitor the country’s
housing market, which has some “hot spots”, but said the
situation remained stable.
“We have seen some moderation in the housing market in
Canada,” Flaherty told reporters after a speech in Toronto.
“There are a couple of hot spots in the country, including
Vancouver, the condo market in Vancouver, but overall I’m
satisfied that there is some moderation in the market.”
TORONTO, June 20 (Reuters) – Canada stepped up pressure on
Europe on Monday to swiftly resolve the Greek debt crisis,
warning that failure to do so could harm even Canada’s
relatively healthy banking sector.
In the strongest sign yet that Europe’s partners are
increasingly jittery about a possible Greek default, Canadian
Finance Minister Jim Flaherty said finance ministers and
central bankers from the Group of Seven advanced economies
discussed these concerns in a call overnight and suggested
there could be further G7 talks on Monday.