• Gold hits 10-month peak on hopes for U.S.-China trade talks
    Reuters2 hours ago

    Gold hits 10-month peak on hopes for U.S.-China trade talks

    Gold prices surged to a 10-month high on Tuesday, as the U.S. dollar weakened, on optimism for a breakthrough in U.S.-China trade talks, with bullion also receiving support as a safe-haven asset due to ...

  • Dollar slips on U.S.-China trade hopes, Swedish crown sags
    Reuters3 hours ago

    Dollar slips on U.S.-China trade hopes, Swedish crown sags

    The dollar on Tuesday fell against a basket of other currencies as traders scaled back their safe-haven greenback holdings on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict. "We are hoping to hear more positive news on trade,"

  • Materials sector helps lift Toronto stocks, U.S. markets mixed at late morning
    The Canadian Press3 hours ago

    Materials sector helps lift Toronto stocks, U.S. markets mixed at late morning

    TORONTO — The materials sector helped lift Canada's main stock index higher in late-morning trading as the prices for gold and copper also moved up.

  • Canadian dollar dips as investors weigh global trade uncertainty
    Reuters4 hours ago

    Canadian dollar dips as investors weigh global trade uncertainty

    The Canadian dollar weakened against its U.S. counterpart on Tuesday as an uncertain outlook for global trade offset the lift from the highest crude oil prices in nearly three months. A new round of talks between the United States and China to resolve their trade war will take place in Washington on

  • Zimbabwe Is Said to Consider Devaluing Quasi-Dollars
    Bloomberg4 hours ago

    Zimbabwe Is Said to Consider Devaluing Quasi-Dollars

    Depreciating the so-called bond notes would be an acknowledgment that the official one-for-one exchange rate is no longer sustainable. It would also mark the second major overhaul to Zimbabwe’s currency regime since October, when the central bank ordered lenders to separate deposits of U.S. dollars

  • Baystreet7 hours ago

    Gains in Triple Digits for TSX Tuesday

    Canada's main stock index inched higher on Tuesday, as shares of precious metal miners gained on the ...

  • Baystreet9 hours ago

    TSX Starts Short Week on Up Note

    Canada's main stock index opened higher on Tuesday, led by gains in shares of precious metal miners ...

  • Kuroda Says Stronger Yen Could Force BOJ's Hand on Stimulus
    Bloomberg14 hours ago

    Kuroda Says Stronger Yen Could Force BOJ's Hand on Stimulus

    Former BOJ officials have warned in recent weeks of more yen strength, saying there would be little the BOJ could do about it. Speaking to parliament on Tuesday, Kuroda said the BOJ’s options included lowering bond yields and increasing asset purchases.

  • Euro recovers versus dollar as trade optimism supports risk-taking
    Reutersyesterday

    Euro recovers versus dollar as trade optimism supports risk-taking

    The euro rallied and riskier currencies like the Australian dollar strengthened on Monday as optimism over a breakthrough in talks to end a U.S.-China trade war encouraged investors. The euro has been stuck in a trading range against the dollar for several months as growing weakness in the euro zone

  • Euro Hobbled by Weak Growth Outlook Is Too Undervalued for MUFG
    Bloombergyesterday

    Euro Hobbled by Weak Growth Outlook Is Too Undervalued for MUFG

    The shared currency is trading near its weakest levels in three months as Italy enters recession and Germany teeters on the brink. The U.S. Federal Reserve could display a more dovish bent when its minutes are published Wednesday, while the European Central Bank can only confirm its already downbeat

  • ECB Eyes Data as Slowdown Proves ‘Significant,’ Villeroy Says
    Bloomberg2 days ago

    ECB Eyes Data as Slowdown Proves ‘Significant,’ Villeroy Says

    The extent of the weakness at the end of 2018 has taken policy makers by surprise, with Italy entering recession and Germany narrowly avoiding the same fate. The ECB has so far stuck to its guidance that it will keep borrowing costs at record lows at least through the summer, indicating hikes could

  • Canada's main stock index posts triple-digit gain pushing streak to six weeks
    The Canadian Press4 days ago

    Canada's main stock index posts triple-digit gain pushing streak to six weeks

    TORONTO — Canada's main stock index posted a triple-digit gain Friday after oil hit a three-month high to extend the market's winning streak to six weeks.The S&P/TSX composite index closed up 142.26 points to 15,838.24, after hitting an intraday peak of 15,866.60. That's the highest level

  • Baystreet4 days ago

    Exciting End to Week for Markets

    Heading into a long weekend, stocks in Canada’s largest market took off like thoroughbreds, producing ...

  • Baystreet4 days ago

    TSX Mirrors Rise in Energy Shares

    Canada's main stock index rose slightly on Friday, as energy stocks gained from higher oil prices and ...

  • Baystreet4 days ago

    Stocks Have Healthy Open

    Canada's main stock index rose at the open on Friday, as energy stocks climbed on the back of higher ...

  • Toronto market recovers from December sell off as TSX up on crude price gain
    The Canadian Press5 days ago

    Toronto market recovers from December sell off as TSX up on crude price gain

    TORONTO — Canada's main stock index has fully recovered from December's deep sell off by rising Thursday on the back of further gains in oil prices.However, the nearly 10 per cent rally so far in 2019 signals that investors haven't learned from the past over-exuberance, says Kash Pashootan

  • RBA's Kent Says Recent Aussie Dollar Drop `Helpful' to Economy
    Bloomberg5 days ago

    RBA's Kent Says Recent Aussie Dollar Drop `Helpful' to Economy

    “While the exchange rate is still within the relatively narrow range of the past few years, the recent depreciation is helpful at the margin given that there remains spare capacity in the economy and inflation remains below target,” Reserve Bank of Australia Assistant Governor Christopher Kent said in

  • Baystreet5 days ago

    TSX Maintains Gains

    Canada's main stock index built on gains on Thursday, as a rise in shares of Bombardier and Constellation ...

  • The Bank of Canada Might Not Be Done Hiking Just Yet
    Bloomberg5 days ago

    The Bank of Canada Might Not Be Done Hiking Just Yet

    As policy makers around the world pivot toward a more dovish interest-rate outlook, front-end traders are betting Canadian officials are set to follow suit and forgo raising rates again until at least 2020. “Markets have erred too much on the side of a pessimistic outcome, because outside of the energy

  • Pimco's Gupta Goes With Gut on FX as `Rich' Dollar Defies Models
    Bloomberg5 days ago

    Pimco's Gupta Goes With Gut on FX as `Rich' Dollar Defies Models

    International Monetary Fund data show the currency is trading almost 13 percent above its 10-year average in real effective terms as of December, while the Federal Reserve’s trade-weighted dollar index has climbed to within 3 percent of its 2002 record high. Swirling uncertainties about the U.S.-China

  • ‘Rate Cut on the Horizon’ Sparks Investor Rush for Egypt’s Pound
    Bloomberg5 days ago

    ‘Rate Cut on the Horizon’ Sparks Investor Rush for Egypt’s Pound

    Plans to lift fuel subsidies this year are certain to push up inflation, which already gained in January after ending last year within the central bank’s target range. Bloomberg Economics estimates that the complete removal of fuel subsidies would increase inflation by as much as 2 percentage points

  • Baystreet5 days ago

    Markets Retain Their Shine by Midday

    Stocks in Canada’s largest market had increased their gains by noon on Thursday, largely due to strength ...

  • Baystreet5 days ago

    Stocks Flat as U.S. Retail Sales Drop

    Canada's main stock index opened flat on Thursday, after a surprise sharp drop in U.S. retail sales ...

  • The Two Finns Fighting to Replace Mario Draghi
    Bloomberg6 days ago

    The Two Finns Fighting to Replace Mario Draghi

    In a potential impasse between Germany and France on the European Union’s top jobs, Finland is positioned as a handy alternative from Northern Europe, whose turn it is to get the prize. Two of the five leading candidates eyed by economists for the ECB are Finns, each hailing from different political

  • TSX slips despite higher energy prices; U.S. markets get lift from trade hopes
    The Canadian Press6 days ago

    TSX slips despite higher energy prices; U.S. markets get lift from trade hopes

    TORONTO — Canada's main stock index dipped slightly while U.S. markets were buoyed Wednesday by optimism about a trade deal with China.The S&P/TSX composite index closed down 15.37 points at 15,626.73, after hitting an intraday high of 15,689.66.In New York, the Dow Jones industrial average was up