• Asia stocks hit 10-year high on global growth optimism, dollar strong
    Reuters2 hours ago

    Asia stocks hit 10-year high on global growth optimism, dollar strong

    Asian stocks rose to a 10-year high on Tuesday as investors took heart from further evidence of strength in the global economy, while the dollar hovered near a one-week high against its peers thanks to higher U.S. yields and a floundering euro. European markets were expected to be somewhat more subdued

  • Dollar near highs as German political impasse pressures euro
    Reuters3 hours ago

    Dollar near highs as German political impasse pressures euro

    The dollar gave back some of its gains in Asian trading on Tuesday but stuck close to a one-week high against a basket of currencies as a German political deadlock continued to pressure the euro. The dollar index, which tracks the greenback against a basket of six major rival currencies, dipped 0.1

  • Oil eases as traders, investors grow edgy ahead of OPEC
    Reuters7 hours ago

    Oil eases as traders, investors grow edgy ahead of OPEC

    Oil prices fell 0.8 percent on Monday, extending recent weakness ahead of next week's OPEC meeting, while a rally in the dollar hurt commodities across the board. fell 50 cents or 0.8 percent to $62.22 a barrel. U.S. crude has lost 2.6 percent.

  • Stocks gain on global growth outlook, euro falls
    Reuters11 hours ago

    Stocks gain on global growth outlook, euro falls

    Global equities markets advanced on Monday as confidence over economic growth around the world helped investors brush off concerns about the collapse of government coalition talks in Germany, which sent the euro lower against the U.S. dollar. In the latest indication of global growth, the central bank

  • Dollar near one-week high as euro drops on German political risk
    Reuters12 hours ago

    Dollar near one-week high as euro drops on German political risk

    The dollar touched its highest against a basket of major currencies in nearly a week on Monday as the euro weakened on political risks linked to German Chancellor Angela Merkel's failure to form a three-way coalition government. The news revived "a key risk factor" for the continental

  • Baystreet12 hours ago

    TSX Noses Up

    Stocks in Canada’s largest market held their own Monday, settling for gains of just a few points, as ...

  • The Canadian Press15 hours ago

    Europe's top banker expects job gains to give wages a boost

    Wage increases across the 19-country eurozone should start to pick up as a result of a sustained fall in unemployment, Europe's top banker said Monday. In a testimony to European lawmakers in Brussels, European Central Bank President Mario Draghi said there are a number of reasons why wages have

  • Baystreet16 hours ago

    TSX Goes Positive by Noon

    Equities in Canada’s largest market edged higher on Monday morning as financial stocks led a broader ...

  • Canadian dollar dips as oil falls, investors weigh NAFTA talks
    Reuters18 hours ago

    Canadian dollar dips as oil falls, investors weigh NAFTA talks

    The Canadian dollar edged lower against its U.S. counterpart on Monday as oil prices fell and investors focused on negotiations to update the North American Free Trade Agreement. Oil, one of Canada's major exports, eased as traders were wary of betting too heavily on which way prices might move

  • Baystreet18 hours ago

    Stocks Start Flat as Resources Take Hit

    Markets in Toronto opened slightly lower on Monday, hurt by losses among its heavyweight natural resources ...

  • Baystreet20 hours ago

    OPEC Uncertainty Keeps Futures Flat

    Futures for Canada's main stock index were little changed on Monday, as oil prices eased ahead of ...

  • What is a digital currency and how does cryptocurrency mining work?
    The Canadian Press2 days ago

    What is a digital currency and how does cryptocurrency mining work?

    Cryptocurrency is a digital currency with no physical form or intrinsic value, but is an increasingly hot commodity as Bitcoin, its most well-known iteration, flirts with a record high. Bitcoin, the self-proclaimed original decentralized digital currency, is hovering around US$8,000 as investors pour

  • The Canadian Press3 days ago

    Resource shares provide lift to Toronto stock index, American counterparts down

    Mining and energy stocks helped move Canada's largest stock index higher on Friday, as U.S. markets fell into the red a day after making their biggest gain in two months. The S&P/TSX composite index was up 63.20 points to 15,998.57. Taseko Mines Ltd. (TSX:TKO) and Baytex Energy Corp. (TSX:BTE) had

  • U.S. dollar, Wall Street fall with tax overhaul in focus
    Reuters3 days ago

    U.S. dollar, Wall Street fall with tax overhaul in focus

    The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S.

  • Dollar weak on worries over U.S. tax reform outlook, Mueller probe
    Reuters3 days ago

    Dollar weak on worries over U.S. tax reform outlook, Mueller probe

    The dollar fell against a basket of other major currencies on Friday, as Treasury yields slipped and investors remained skeptical of U.S. Republicans' efforts to pass tax cuts after a barren first year for the Trump administration in Congress. The dollar index (.DXY), which measures the greenback

  • Baystreet3 days ago

    Canadian Markets End Week on Up Note

    Markets in Canada’s biggest centre heard the final bell Friday with figures uniformly green, primarily ...

  • Dwindling British fortunes to be laid bare
    Reuters4 days ago

    Dwindling British fortunes to be laid bare

    The diverging trajectories of Britain and other major economies is set to be further laid bare in the coming week with London's budget forecasters poised to cut their growth outlook and data elsewhere likely to remain solid. Finance minister Philip Hammond will deliver Britain's budget for 2018

  • Baystreet4 days ago

    Stocks Continue Positive Midday

    Equities on Canada’s biggest market stayed above Thursday’s close Friday, as higher commodity prices ...

  • Canadian dollar hits 10-day low as data cools rate hike prospects
    Reuters4 days ago

    Canadian dollar hits 10-day low as data cools rate hike prospects

    The Canadian dollar weakened to a 10-day low against its U.S. counterpart on Friday after data showing subdued domestic inflation reduced expectations for further interest rate hikes by the Bank of Canada through the first quarter of next year. Canada's annual inflation rate decreased to 1.4 percent

  • Baystreet4 days ago

    TSX in Green at Open

    Equity markets in Toronto rose in early trade on Friday as higher oil prices helped its heavyweight ...

  • Baystreet4 days ago

    Markets to Crawl Up at Friday Open

    Futures pointed to a slightly higher opening for equity markets in Canada’s largest centre on Friday ...

  • Draghi says ECB has not hurt banks' profits
    CNBC4 days ago

    Draghi says ECB has not hurt banks' profits

    European Central Bank (ECB) President Mario Draghi said Friday that the environment of low rates in the euro zone has not hurt the profits of European banks.

  • Canadian dollar edges higher, boosted by manufacturing sales gain
    Reuters4 days ago

    Canadian dollar edges higher, boosted by manufacturing sales gain

    The Canadian dollar edged higher against its U.S. counterpart on Thursday as data showing a surprise rise in domestic manufacturing sales in September offset lower oil prices. The 0.5 percent increase in manufacturing sales topped economists' forecasts for a 0.3 percent decline, while volumes rose

  • Baystreet4 days ago

    TSX Enjoys Solid Finish

    Equities in Canada’s largest market managed to hold onto solid gains, led by information technology ...

  • Dollar steadies as tax overhaul gets U.S. House nod
    Reuters4 days ago

    Dollar steadies as tax overhaul gets U.S. House nod

    The U.S. dollar edged higher against a basket of major currencies on Thursday, rebounding from a more than three-week low in the previous session, after the U.S. House of Representatives passed their version of the tax overhaul bill. The dollar index (.DXY), which measures the greenback against six