Category: Business

Equities in Canada’s largest centre finished emphatically high on Friday, as some of the apprehension over the trade war started to lift. Resource and telecom stocks stood out the most. The TSX Composite Index rocketed 103.68 points to Friday at 25,357.74. The index climbed 326 points, or 1.3%, on the week. The…

Advertisment Stocks traded mostly lower Friday as investors await much-anticipated trade talks between U.S. and Chinese officials this weekend. The Dow Jones Industrials sank 119.07 points to 41,249.38. The S&P 500 index dropped 4.03 points to 5,659.91 The NASDAQ Composite squeezed ahead 0.78 points to 17,928.92. Week to date, the S&P…

Boston Pizza Royalties Income Fund (T.BPF.UN) hit a new 52-week high of $18.72 Friday. Boston Pizza Royalties announced Q1 results and cash distribution of $0.115 per unit. Fireweed Metals Corp. (V.FWZ) hit a new 52-week high of $1.97 Friday. Fireweed has entered into an agreement with Ventum Financial Corp. as co-lead agent and…

Canada’s unemployment rate rose to 6.9% in April, increasing for a second consecutive month. Statistics Canada reports that the economy added a total of 7,400 jobs in April, which was not enough to keep the unemployment rate from rising. The Ottawa-based statistical agency said the unemployment rate rose two tenths of a…

– UK/US trade deal announcement at 10:00 am – Bank of England cuts rates by 25 bps, as expected – US dollar rallies across the board. USDCAD: open 1.3884, overnight range 1.3813-1.3890, close 1.3841, WTI 58.79, Gold 3331.59 The Canadian dollar outlook soured yesterday following the FOMC decision to not only leave rates unchanged (which…

Equities in Canada mirrored the performance of their American cousins Thursday, on perception of clearer trade policy south of the border. The TSX Composite Index gained 92.88 points to close Thursday at 25,254.06. The Canadian dollar slid 0.43 cents at 71.85 cents U.S. In corporate news, Canadian Natural Resources beat…

Advertisment Stocks rose Thursday after President Donald Trump announced a trade deal framework between the U.S. and United Kingdom, the first major agreement hatched since the U.S. launched pre-emptive tariffs on most of the globe earlier this year. The Dow Jones Industrials hiked 254.72 points to 41,368.69. The S&P 500 index took…

Canada’s main stock index leaped higher on Thursday on news that the U.S. was on the verge of signing a trade agreement with Britain, while investors assessed mixed corporate results. The TSX Composite Index flew 172.3 points to pause for lunch Wednesday at 25,333.48. The Canadian dollar faded 0.43 cents at…

Advertisment Stock futures were higher Thursday after President Donald Trump announced that a trade deal between the U.S. and United Kingdom had been struck. Futures for the Dow Jones Industrials popped 359 points, or 0.9% to 41,573. Futures for the S&P 500 index zoomed 59.25 points, or 1.1%, to 5,711.25. Futures for…

Canada’s main stock index rose on Wednesday as hopes of a de-escalation in the U.S.-China trade war firmed, while investors awaited the Federal Reserve’s interest rate decision due later in the day. The TSX Composite Index climbed 142.7 points Wednesday noon to 25,117.42. The Canadian dollar deleted 0.02 cents at 72.59…