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- CAD/USD0.7408-0.5311%
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- NASDAQ8,118.39-0.03%
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Reuters•12 minutes agoDollar rises broadly; euro slips on German business sentiment drop
German business morale deteriorated in April, bucking expectations for a small improvement, as trade tensions hurt the industrial engine of Europe's largest economy. "The broader importance of the German data is that market participants had been hoping that the rebound in Chinese monetary conditions
- The Canadian Press•5 minutes ago
Bank of Canada holds interest rate, drops growth forecast for 2019
The Bank of Canada is keeping its key interest rate unchanged as it releases a downgraded 2019 growth forecast that includes a prediction the economy nearly came to a halt at the start of the year. The decision leaves the trend-setting rate at 1.75 per cent for a fourth-straight announcement — a pause
Reuters•13 minutes agoOil hovers around six-month high as U.S. stocks rise
U.S. crude stocks rose by 6.9 million barrels last week, more than expected, data from the industry group American Petroleum Institute showed on Tuesday. "The focus will return today to the micro-picture of the U.S. data," Petromatrix's Olivier Jakob said in a note. The International
Reuters•14 minutes agoTSX falls as financials drop ahead of BoC rate decision
Canada's main stock index fell on Wednesday, as financial shares slipped ahead of an interest rate decision by the Bank of Canada. * At 9:39 a.m. ET (1339 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was down 33.97 points, or 0.2 percent, at 16,635.43. * Canada's central bank
Yahoo Finance•15 minutes agoAmericans see politics as the biggest economic threat: survey
Politics has dominated the American news cycle for the past three years, and it’s now dominating people’s economic concerns.
- The Canadian Press•19 minutes ago
Reports Huawei to supply UK networks draw criticism
British officials downplayed reports that Prime Minister Theresa May will allow China's Huawei to supply parts of the U.K.'s new internet network, a decision that goes against U.S. pleas to ban the firm as it could help Beijing's spying efforts. British media reported Wednesday that the
- The Canadian Press•20 minutes ago
Lululemon plans to double revenue from men's line, digital sales by 2023
Lululemon Athletic Inc. says it will focus efforts to double revenue from men's products and digital revenue, and quadruple international revenues by 2023. Lululemon says growing its men's line will be part of its ongoing product innovation that includes expanding its core women's business
- The Canadian Press•23 minutes ago
Ford to invest $500M in electric vehicle startup Rivian
Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings. Ford Motor Co. will become a minority partner in Rivian, which is based outside of Detroit and recently rolled out
Reuters•24 minutes agoCaterpillar slips as disappointing construction sales point to China weakness
Shares of the heavy-duty equipment maker, a bellwether for economic activity whose results often influence global stock market sentiment, fell more than 2 percent, overturning an initial rise due to overall results that were flattered by a tax gain. The world's largest heavy duty equipment maker
- Bloomberg•24 minutes ago
Facebook Analysts Expect Earnings Will Reinforce Rebound
Facebook’s recent gains have come on signs that controversies over user data and privacy haven’t had an appreciable impact on usage, particularly at fast-growing Instagram. According to estimates compiled by Bloomberg, Wall Street is looking for 1.56 billion daily active users in the quarter and roughly
- Bloomberg•24 minutes ago
Trump's ‘Zero’ Pledge on Iran Oil Sales Tests Key Relationships
The move puts the administration in direct conflict with Iran oil customers that are important to the U.S. in different ways, and it risks hampering important initiatives on trade and security, from China to South Korea, India and Turkey. A central question for oil traders -- and political analysts
- Bloomberg•25 minutes ago
U.S. Stocks Slip From Record as Dollar Advances: Markets Wrap
U.S. equities edged lower along with European stocks as investors assessed corporate earnings and economic data. The Stoxx Europe 600 Index threatened to snap the longest run of gains since 2017. U.S. stocks have been on a tear since late last year, but the fresh record Tuesday appears to have triggered
CNBC•24 minutes agoFord invests $500 million to develop an all-new electric vehicle with start-up Rivian
Ford says it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer. CNBC's Phil LeBeau reports.
- Bloomberg•27 minutes ago
eBay Gains as Strong Outlook Offsets Analysts' Doubt on Volumes
While analysts expressed some caution about the company’s gross merchandise volume (GMV) and Marketplaces business, the takeaway was broadly positive, with at least four firms raising their price targets. Affirms neutral rating, price target raised to $39 from $36. Affirms buy rating and lifts price
Yahoo Finance•30 minutes agoDow hugs the flat line as Caterpillar's stock declines
Stock futures pointed to a higher open amid another busy day for corporate earnings reports, which featured a before-the-bell docket of industrial heavyweights Caterpillar and Boeing.
- The Motley Fool•33 minutes ago
Oil Prices Set to Climb Higher Again: 1 Stock That Could Break Out!
Enbridge Inc (TSX:ENB)(NYSE:ENB) is near its high for the year but the stock still has a lot of potential to climb even further.
- Bloomberg•36 minutes ago
Trump's Gulf Backups to Iran Aren't Good Enough for Turkey
“Iranian oil isn’t cheap but there is a big difference” with the price of Saudi and U.A.E crude, Turkish Foreign Minister Mevlut Cavusoglu said at a reception in Ankara, according to state-run TRT television. “The U.S. is taking a decision and wants all countries to comply with it. The Trump administration
- Bloomberg•38 minutes ago
Caterpillar Climbs as Mining Business Boosts Results
At the same time, inventories grew, and Caterpillar flagged declining market share and “aggressive pricing” from competitors in China. Chief Financial Officer Andrew Bonfield said China’s demand for construction equipment will grow this year, though the company’s sales are expected to be flat.
Reuters•9 minutes agoOccidental offers $57 billion for Anadarko, topping Chevron
The surprise $76-per-share bid comes after Occidental had been trying to woo Anadarko and had made two other proposals since late March. A deal would make Occidental the largest producer of oil in west Texas's Permian basin, where production has boomed in recent years. The bid pushed Anadarko shares
- Bloomberg•39 minutes ago
Ford Joins Amazon Investing in Electric Truck Maker Rivian
The second-biggest U.S. automaker also is forming a partnership with Rivian, which Amazon.com Inc. backed with an investment announced in February. Ford will build a vehicle using the platform that Rivian founder R.J. Scaringe said last week he plans to share with several companies. Ford plans to bring
- Bloomberg•47 minutes ago
Occidental Bids $38 Billion for Anadarko in Plan to Beat Chevron
(Bloomberg) -- The first major bidding war has broken out in the Permian.
- Bloomberg•48 minutes ago
Berkshire Hathaway Says It's Not in Talks to Buy Bankrupt PG&E
The utility jumped in early morning trading after SparkSpread reported the legendary investor was eyeing the power supplier brought low by California wildfire liabilities. PG&E, which went into bankruptcy in January, has a market value of $11.4 billion. Jessi Strawn, a spokeswoman for Berkshire Hathaway
Reuters•9 minutes agoBoeing abandons financial outlook, stops buybacks after 737 MAX groundings
Chicago-based Boeing is now reckoning with a blow to its reputation and the financial cost of getting the planes back in the air. It met sharply lowered Wall Street profit estimates, largely due to stopping deliveries of the 737 MAX jets and a slowdown in production. During a conference call later
- The Canadian Press•51 minutes ago
Rehab patients' unpaid work for big companies likely illegal
A nationally renowned drug rehab program in Texas and Louisiana has sent patients struggling with addiction to work for free for some of the biggest companies in America, likely in violation of federal labour law.The Cenikor Foundation has dispatched tens of thousands of patients to work without pay
