Friday, Aug. 18, 2017 4:29PM EDT
Canada’s benchmark stock index fell on Friday, led downward by losses in heavyweight bank shares and gold miners, with concerns about the impact of a stronger Canadian dollar and inflation creeping higher weighing on sentiment.
The Toronto Stock Exchange’s S&P/TSX composite index ended down 81.31 points, or 0.54 per cent, at 14,952.33. Healthcare was the only group out of the index’s 10 key industry sectors that finished higher.More »
Friday, Aug. 18, 2017 2:14PM EDT
A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead.
Monday August 21
Japan all-industry activity index and department store sales
China foreign direct investment
(8:30 a.m. ET) Canada releases wholesale trade results for June. The analyst estimate is a decline of 1.5 per cent from May.
(8:30 a.m. ET) U.S. Chicago Fed National Activity Index for July is announced.
Friday, Aug. 18, 2017 1:05PM EDT
U.S. stocks rebounded in a volatile session on Friday, while the dollar cut losses and bond yields rose to session highs, as reports emerged U.S. President Donald Trump fired his controversial chief strategist Steve Bannon.
President Donald Trump fired chief strategist Steve Bannon on Friday, the White House announced, ending the turbulent tenure of a rabble-rousing conservative media entrepreneur and political activist who was a darling of Mr. Trump’s base.More »
Friday, Aug. 18, 2017 11:24AM EDT
Canada’s main stock index fell on Friday, led lower by heavyweight bank shares, as investors worldwide fled equities to perceived safe-haven investments amid global geopolitical uncertainties.
Deadly attacks in Barcelona and U.S. policy uncertainty following the exit of U.S. executives from presidential business councils heightened the appeal of gold as well as German government and U.S. Treasuries versus stocks.More »
Friday, Aug. 18, 2017 10:20AM EDT
The Canadian dollar rose to a two-week high against its U.S. counterpart on Friday, boosted by data showing an uptick in the rate of underlying inflation and a jump in oil prices, while political uncertainty weighed on the greenback.
Canada’s overall annual inflation rate rose to 1.2 per cent from June’s 20-month low of 1.0 per cent, while two of the three measures of core inflation that the Bank of Canada introduced last year saw gains.More »
Friday, Aug. 18, 2017 9:41AM EDT
Canada’s main stock index opened lower on Friday, as investors fled to safety amid global geopolitical uncertainties, with the heavily weighted financial stocks leading broad declines.
The Toronto Stock Exchange’s S&P/TSX composite index fell 69.62 points, or 0.46 per cent, to 14,964.02.
Materials was the only group that advanced out of the index’s 10 main sectors, as gold mining stocks benefited from higher safe-haven gold prices.More »
Friday, Aug. 18, 2017 5:19AM EDT
World stocks were set for a second day of losses on Friday after an exodus of U.S. executives from presidential business councils dealt a fresh blow to hopes of tax reform, hammering Wall Street and filtering through to Asia and Europe.
Investors fled instead into German and U.S. Treasury bonds and bought gold for the third day in a row, as the appeal of such top-notch assets grew further due to a deadly attack that killed at least 13 people in Barcelona.More »
Thursday, Aug. 17, 2017 4:31PM EDT
Canada’s main stock index retreated on Thursday for a third straight day as U.S. political worries weighed on sentiment and a pullback in some base-metal prices drove down the materials group.
U.S. and European equities also lost ground as investors trimmed their exposure to riskier assets amid ongoing uncertainty over whether the Trump administration will be able to proceed with its economic agenda and after cautious tones from U.S. and European central banks.More »
Thursday, Aug. 17, 2017 1:14PM EDT
World equity markets and U.S. bond yields fell while gold rose on Thursday as investors favored safe-haven investments amid skepticism U.S. President Donald Trump, roiled in controversy, would achieve his economic agenda.
Adding to investor concerns was news that a van had slammed into crowds in the Spanish city of Barcelona, killing 13 people, according to media reports, in an attack police were treating as a terrorism.More »
Thursday, Aug. 17, 2017 11:39AM EDT
U.S stocks were lower in choppy trading on Thursday as investors worried about President Donald Trump’s ability to pursue his pro-growth policies.
Mr. Trump disbanded two business councils on Wednesday after several chief executives quit in protest over his remarks on white nationalists.
Stocks had hit session lows before paring losses after Axios reporter Jonathan Swan tweeted, citing a source with direct knowledge, that rumours around the resignation of Gary Cohn, director of National Economic Council, is “100 (percent) false.”More »
Thursday, Aug. 17, 2017 11:13AM EDT
The Canadian dollar weakened against its U.S. counterpart on Thursday, as White House drama and an attack in Barcelona reduced investor appetite for the loonie after it hit a nearly two-week high earlier in the day.
A U.S. official said Gary Cohn intends to remain in his post as head of a White House economic council, after speculation earlier in the day of Cohn’s possible departure rattled the U.S. stock market and the U.S. dollar.More »
Thursday, Aug. 17, 2017 9:44AM EDT
Canada’s main stock index opened lower on Thursday, hurt by slips among heavyweight financial and energy stocks.
The Toronto Stock Exchange’s S&P/TSX composite index was down 21.2 points, or 0.14 per cent, at 15,061.01 shortly after the open. Seven of its 10 main sectors were in the red.
U.S. stocks opened lower on Thursday after minutes from the Federal Reserve’s July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump’s ability to pursue his pro-growth policies.More »
Thursday, Aug. 17, 2017 4:59AM EDT
European stocks and bond yields fell in early trade on Thursday after the Federal Reserve expressed concern over weak U.S. inflation, a trend which has clouded the outlook for the world’s largest economy.
Some policy makers argued against future rate rises until there was more concrete evidence that inflation was moving back toward the Fed’s objective, according to minutes of the U.S. central bank’s last policy meeting.More »
Wednesday, Aug. 16, 2017 4:20PM EDT
Canada’s main stock index reversed course to end lower on Wednesday as a drop in oil prices weighed on energy shares, offsetting gains for the materials group as base and precious metal prices climbed.
Losses for the Toronto Stock Exchange’s S&P/TSX composite index, which had spent much of the day in positive territory, came as the United States laid down a tough line for modernizing the North American Free Trade Agreement.More »
Wednesday, Aug. 16, 2017 11:42AM EDT
Canada’s main stock index rose on Wednesday as the heavily weighted bank stocks led broad gains and firmer commodity prices bumped resource issues higher.
The gains mirrored global markets which rose on economic data that showed forecast-beating growth, and U.S. stocks which rose ahead of the release of the Federal Reserve’s latest policy meeting minutes.More »
Wednesday, Aug. 16, 2017 9:57AM EDT
The Canadian dollar rebounded against its U.S. counterpart on Wednesday from a one-month low hit the day before, driven by a broad-based retreat in the U.S. dollar on the back of Federal Reserve concerns over inflation.
Investors were also following North American Free Trade Agreement renegotiation talks, which kicked off on Wednesday, but an overall dearth of domestic news meant the loonie took its cues elsewhere.More »
Wednesday, Aug. 16, 2017 9:39AM EDT
Canada’s main stock index rose at the open on Wednesday in broad-based gains led by financials, while energy stocks were buoyed by firmer crude oil prices.
The Toronto Stock Exchange’s S&P/TSX composite index rose 38.7 points, or 0.26 per cent, to 15,136.54 shortly after the open, with all 10 of the index’s key sectors advancing.More »
Wednesday, Aug. 16, 2017 4:44AM EDT
The U.S. dollar held on to big gains on Wednesday before minutes of the U.S. Federal Reserve’s latest meeting, while European shares followed Asian stocks higher.
Relative calm in the standoff between the United States and North Korea also lifted investors’ appetite for riskier assets.
Metals markets were buoyant, with the price of zinc, used to galvanize steel, hitting its highest in a decade on Chinese infrastructure demand.More »
Tuesday, Aug. 15, 2017 4:27PM EDT
Canada’s main stock index fell on Tuesday after an easing of tensions between North Korea and the United States hit the price of bullion, sending shares of gold-mining companies lower.
The Toronto Stock Exchange’s S&P/TSX composite index closed down 22.07 points, or 0.15 per cent, at 15,097.84. Six of the 10 main sectors on the index were lower.More »
Tuesday, Aug. 15, 2017 11:42AM EDT
Canada’s main stock index slipped on Tuesday, with gains for financial stocks offset by losses for oil companies as crude prices fell.
Precious metals miners also lost ground as the price of gold pulled back on easing geopolitical tensions over North Korea.
The heavyweight energy group retreated 0.5 per cent as oil prices were pressured by a stronger U.S. dollar and as data showed Chinese refineries operated in July at their slowest daily rates since September.More »
Tuesday, Aug. 15, 2017 9:55AM EDT
The Canadian dollar hit a one-month low against its U.S. counterpart on Tuesday, pressured by broader gains for the greenback, as North Korea tensions eased and data showed a jump in U.S. retail sales.
The U.S. dollar climbed against a basket of major currencies after North Korea’s leader delayed a decision on firing missiles toward Guam. Also aiding the greenback, U.S. retail sales recorded their biggest increase in seven months in July.More »
Tuesday, Aug. 15, 2017 9:50AM EDT
Canada’s main stock index slipped slightly in early trade on Tuesday, with gains for financial stocks offset by losses for gold miners as easing North Korean tensions and stronger U.S. data reduced gold’s appeal as a safe haven.
The Toronto Stock Exchange’s S&P/TSX composite index was down 13.02 points, or 0.09 per cent, at 15,106.89 shortly after opening in positive territory.More »
Tuesday, Aug. 15, 2017 4:58AM EDT
Shares rose on Tuesday, while the Japanese yen, Swiss franc and gold all dropped after North Korea’s leader signaled he would delay plans to fire a missile towards Guam, easing tensions and prompting investors to buy riskier assets.
European shares followed Asian bourses higher, having already risen late on Monday after U.S. officials played down prospects of the standoff between North Korea and the United States leading to conflict.More »
Monday, Aug. 14, 2017 4:36PM EDT
Stocks around the world rose along with U.S. Treasury bond yields and the U.S. dollar on Monday as investors regained some appetite for riskier assets on easing nervousness about a nuclear stand-off between the United States and North Korea.
After a week of market jitters from escalating rhetoric between the nuclear-armed nations, investors were emboldened after South Korea’s president said resolving North Korea’s nuclear ambitions must be done peacefully and U.S. officials played down the risk of an imminent war.More »
Monday, Aug. 14, 2017 11:23AM EDT
Canada’s main stock index rose on Monday as investors jumped back into riskier assets as some tensions eased over North Korea, with heavyweight financials leading gains.
The Toronto Stock Exchange’s S&P/TSX composite index mirrored global markets, which rebounded from their biggest weekly losses of the year, after U.S. officials played down the likelihood of a nuclear conflict with North Korea. Last week’s retreat to safety came after a war of words between the leaders of the two countries.More »
Monday, Aug. 14, 2017 10:20AM EDT
The Canadian dollar softened on Monday against a stronger greenback as the U.S. dollar’s rebound and demand worries from China pressured crude prices.
Prices of oil, a major Canadian export, fell sharply as a slowdown in Chinese refining raised concerns about demand for crude in Asia’s largest economy.More »
Monday, Aug. 14, 2017 9:45AM EDT
Canada’s main stock index opened higher on Monday, as tensions over North Korea eased and investors returned to riskier assets, but resource stocks fell broadly as the price of safe-haven gold slipped.
The the Toronto Stock Exchange’s S&P/TSX composite index rose 152.26 points, or 1.01 per cent, to 15,185.64 shortly after the market opened.More »
Monday, Aug. 14, 2017 5:13AM EDT
World stocks rose on Monday, attempting to recover after fears of a U.S.-North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen.
European shares bounced after falling nearly 3 per cent last week, with the pan-European STOXX 600 up 0.7 per cent following on from a 0.9 per cent jump in MSCI’s index of Asia-Pacific shares outside Japan.More »
Sunday, Aug. 13, 2017 9:07PM EDT
Asian stocks bounced on Monday after three losing sessions, tracking a firmer Wall Street, while the U.S. dollar was weighed down by tensions on the Korean peninsula and weak inflation data which dampened prospects of another Federal Reserve interest rate hike later this year.
Overall reaction was subdued to Monday’s Chinese data which were generally weaker than forecast, and reinforced views that the world’s second-largest economy is starting to lose a bit of steam as lending costs rise and the property market cools.More »
Friday, Aug. 11, 2017 4:29PM EDT
Canada’s main stock index lost ground on Friday, weighed by moves lower in financial stocks and a fall in shares of telecommunications company Telus Corp , which posted lower-than-expected quarterly earnings.
The Toronto Stock Exchange’s S&P/TSX composite index was down 40.87 points, or 0.27 per cent, at 15,033.38. Six of the index’s 10 main groups were in negative territoryMore »