• Materials sector helps lift stocks in Toronto, loonie up against U.S. dollar

    Materials sector helps lift stocks in Toronto, loonie up against U.S. dollar

    TORONTO — Strength in the materials sector helped lift Canada's main stock index higher in late-morning trading, while U.S. stock markets put in a mixed showing.The S&P/TSX composite index was up 17.79 points at 16,968.49.In New York, the Dow Jones industrial average was down 38.75 points at 27,842.97

  • Baystreet

    TSX Recovers Ahead of Trade News

    Canada's main stock index rose on Wednesday as shares of precious metal miners gained on higher gold ...

  • Loonie sticks to narrow range ahead of Fed rate decision
    Reuters

    Loonie sticks to narrow range ahead of Fed rate decision

    The Canadian dollar was little changed against its U.S. counterpart on Wednesday, trading in a narrow range as domestic data showed a drop in industrial capacity utilization and an interest rate decision loomed by the U.S. Federal Reserve. The Fed is expected later today to stick to its plan not to

  • Baystreet

    Futures Nose Up Wednesday

    Canada's main stock index futures edged up on Wednesday, boosted by higher gold prices as investors ...

  • Investors Tear Up Playbook as Currency Market Lull Drags On
    Bloomberg

    Investors Tear Up Playbook as Currency Market Lull Drags On

    (Bloomberg) -- The unprecedented level of calm pervading global currencies is pushing investors to rethink their approach to the $6.6 trillion-a-day market.Morgan Stanley Investment Management has pared its foreign-exchange exposure, awaiting a clearer theme. Amid the trend-less torpor, Russell Investments

  • Pound’s World-Beating Rally Susceptible Even If Johnson Wins
    Bloomberg

    Pound’s World-Beating Rally Susceptible Even If Johnson Wins

    (Bloomberg) -- The pound’s rally on bets for a win by the ruling Conservative party in this week’s U.K. election leaves it looking vulnerable to the actual result.It wouldn’t take much of a swing by undecided voters on Dec. 12 to turn a strong Conservative majority into a weak one, with a lot of areas

  • Bloomberg

    ECB Policy Makers Said to Discuss Central Bank Digital Currency

    (Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.European Central Bank policy makers meeting in Frankfurt this week will discuss the prospect of launching their own digital currency, according to

  • Boris Johnson Is the Financial Market's Best Friend
    Bloomberg

    Boris Johnson Is the Financial Market's Best Friend

    (Bloomberg Opinion) -- Sterling has risen 9% against the dollar since August on hopes of a Boris Johnson victory in Thursday’s general election. The larger the parliamentary majority for the Conservatives, the more the pound should rise. Anything less than a decisive Tory win is unlikely to strengthen

  • Aussie Faces Bumpy 2020 as Trade, Rates Split Analysts
    Bloomberg

    Aussie Faces Bumpy 2020 as Trade, Rates Split Analysts

    (Bloomberg) -- Australia’s dollar is set for a turbulent 2020 as uncertainty around global growth, trade and interest rates divide analysts’ forecasts for the currency.Rabobank and Nomura Holdings Inc. see the Aussie dropping about 5% to 65 U.S. cents by December, wrenched lower by cooling economic growth

  • Dollar treads water as traders stare at event risk

    Dollar treads water as traders stare at event risk

    The dollar index , which measures the greenback against six other major currencies, was up 0.02% at 97.433. The U.S. Federal Reserve, which has lowered borrowing costs three times this year in response to the global trade war, is expected to leave policy unchanged when it concludes its last policy meeting

  • Stocks edge higher as trade deadline nears, oil falls
    Reuters

    Stocks edge higher as trade deadline nears, oil falls

    Global equity markets rose on Wednesday as investors expected U.S. President Donald Trump would delay his promised new tariffs on Chinese goods, while oil prices fell after data showed an unexpected rise in U.S. crude inventories. U.S. Treasury yields drifted lower, weighed by uncertainty over the UK

  • TSX dips slightly despite signing of revised North American free trade deal

    TSX dips slightly despite signing of revised North American free trade deal

    TORONTO — Canada's main stock index dipped slightly Tuesday despite the signing of a revised North American free trade deal.The S&P/TSX composite index closed down 0.15 of a point at 16,950.70.The trade deal didn't impact the market despite the generally positive changes for labour in Mexico

  • Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,950.70, down 0.15 of a point.)Dream Global Real Estate Investment Trust. (TSX:DRG.UN). Real estate. Up three cents, or 0.18 per cent, to $16.78 on 6.4 million shares.Aurora Cannabis Inc

  • Baystreet

    Stocks Virtually Unchanged at Closing Bell

    Equities in Canada’s largest market hugged the flatline much of Tuesday, as resource stocks had trouble ...

  • Baystreet

    TSX Barely Moves on Banking News

    Canada's main stock index remained fairly flat midday Tuesday, pressured by a fall in financial companies ...

  • Baystreet

    Negative Open in Toronto

    Equities in Canada’s largest market fell at the open Tuesday, as healthcare stocks dropped sharply, ...

  • Canadian dollar keeps to tight range as investors await Poloz for rate guidance
    Reuters

    Canadian dollar keeps to tight range as investors await Poloz for rate guidance

    The Canadian dollar edged higher against the greenback on Tuesday, sticking to a narrow trading range as investors awaited guidance on the Bank of Canada interest rate outlook and weighed prospects of the United States delaying additional tariffs on China. Poloz's speech "will underscore the

  • Swagger Seeps Out of Loonie as Canada Growth Concerns Intensify
    Bloomberg

    Swagger Seeps Out of Loonie as Canada Growth Concerns Intensify

    (Bloomberg) -- The Canadian dollar’s outperformance this year stunned many, but strategists are not expecting a repeat in 2020 -- casting doubt on its run as one of the best major currencies.Just last week, the nation’s central bank cited a tightening labor market as a main reason why it can buck the

  • Global stocks, dollar slip as U.S.-China trade deadline looms
    Reuters

    Global stocks, dollar slip as U.S.-China trade deadline looms

    The dollar eased and global stock markets slipped on Tuesday as uncertainty kept risk appetite in check days ahead of the Dec. 15 deadline for a new round of U.S. tariffs on Chinese imports. Investors were again torn between remarks that suggested a positive outcome to the 17-month U.S.-Sino trade war

  • Dollar down vs euro after upbeat German data; sterling strong
    Reuters

    Dollar down vs euro after upbeat German data; sterling strong

    The dollar slipped against the euro on Tuesday after a better-than-expected German economic sentiment survey boosted the common currency, while sterling hit a eight-month high against the greenback ahead of Thursday's British general election. The euro was 0.28% higher at $1.1093 after the ZEW research

  • U.S. and Canadian stock markets fall as investors digest strong Friday gains
    The Canadian Press

    U.S. and Canadian stock markets fall as investors digest strong Friday gains

    TORONTO — North American stock markets opened the week a little lower as investors digested Friday's large gains induced by a strong U.S. jobs report.Investors responded Monday with "a bit of cooling time" from Friday's numbers, said Les Stelmach, portfolio manager at Franklin Templeton

  • Baystreet

    Negative Finish for Markets

    Canada's main stock index moved lower on weak data from China, though a jump in health-care stocks led ...

  • Baystreet

    Negative Noon Hour for TSX

    Canada's main stock index dipped on Monday on weak data from China, though a jump in healthcare stocks ...

  • Stocks Stumble to Start Week

    Canada's main stock index fell at the open on Monday, pulled down by energy shares, as oil prices slipped ...

  • It’s Cheaper to Bet on a Pound Rally and Investors Are Noticing
    Bloomberg

    It’s Cheaper to Bet on a Pound Rally and Investors Are Noticing

    (Bloomberg) -- Bets on a pound rally after this week’s U.K. election are starting to look like a good deal to some investors.While the pound has climbed this month since polls point to a win for the ruling Conservatives, many investors in the options market have been covering themselves against the risk