TORONTO, April 15 (Reuters) – The Canadian dollar on
Wednesday powered to its strongest level against the U.S. dollar
in a week after the Bank of Canada held its benchmark interest
rate steady and talked down the probability of another rate cut.
Canada’s central bank estimated that the oil price crash had
cut growth to zero during the first quarter, down from the
annualized 1.5 percent it had forecast in January.
TORONTO, April 15 (Reuters) – Canada’s main stock index rose
on Wednesday, touching its highest level since September, with
oil and gas shares leading the rally on stronger crude prices.
Among the oil and gas stocks that were most influential in
moving the index, Suncor Energy Inc rose 1.2 percent to
C$40.39, while Cenovus Energy Inc advanced 3.7 percent
to C$23.57. The index’s energy sector climbed 1.6 percent.
TORONTO, April 14 (Reuters) – Canada’s main stock index fell
broadly on Tuesday as investors took profits on Tuesday after
touching a seventh-month intraday high in the previous session.
The TSX ended a seven-day win streak on Monday, after
touching 15,446.45 at one point during the session, its highest
level since around mid-September.
TORONTO, April 13 (Reuters) – Canada’s main stock index rose
moderately on Monday as gains in energy and financial stocks
offset declines among mining firms, which were hurt as resource
prices softened on weak Chinese trade data.
Stocks that were most influential on the index included
Royal Bank of Canada, which rose 0.35 percent to
C$79.88, and Enbridge Inc, which advanced 0.8 percent
TORONTO, April 10 (Reuters) – Canada’s main stock index
finished broadly higher on Friday, for a seventh straight day of
gains, buoyed in part by resource stocks that benefited from
higher commodity prices.
The index was also supported by the positive tone in equity
markets around the world, with global markets testing record
highs during the session.
TORONTO, April 10 (Reuters) – Canada’s main stock index rose
on Friday, setting up the market for a seventh day of gains,
buoyed by Bombardier Inc and by resource stocks that
were lifted by higher commodity prices.
A Reuters report that said Bombardier was exploring ways to
raise money from its transportation unit, potentially worth up
to $5 billion, as it grapples with cost overruns in its aircraft
business, sent shares up 5.4 percent at C$2.74 in late morning
trading. Shares were earlier up as much as 7.3
TORONTO (Reuters) – The U.S. Federal Reserve will likely hike interest rates in September, Allianz chief economic adviser Mohamed El-Erian said on Thursday.
“Yes, the Fed will be the first to move. Notwithstanding last Friday’s employment report, I think they will start hiking rates in September,” El-Erian told a financial audience in Toronto after a presentation about the economic and market impact of geopolitical threats.
TORONTO, April 9 (Reuters) – Canada’s main stock index
tracked positive global sentiment and rose across the board on
Thursday for the sixth straight session, with energy stocks,
underpinned by a rebound in crude prices, leading the charge.
The most influential movers on the index were Suncor Energy
Inc, which rose 2.4 percent to C$39.72, and Canadian
Natural Resources, which advanced 1.8 percent to
C$40.71. The overall energy group climbed 1.6 percent.
April 7 (Reuters) – Retailer Hudson’s Bay Co
forecast higher-than-expected sales for the coming year on
Tuesday, saying it will benefit from robust online demand and
strong growth at its Saks Fifth Avenue and OFF 5th stores.
Shares in the Canadian-U.S. department store operator hit a
record high following the news, jumping as much as 8.2 percent
to C$29.00 in Toronto.
TORONTO, April 6 (Reuters) – Canada’s main stock index was
broadly higher on Monday with gold-mining shares, bolstered by
rising bullion prices, leading the charge.
A much weaker-than-expected U.S. jobs report for March on
Friday was the latest in a recent string of weaker U.S. economic
data that has added to growing speculation the Federal Reserve
will delay a much anticipated interest rate hike.