TSX Ends Higher On Global Cues -- Canadian Commentary

Fri, 14 Aug 2015 21:30:39 GMT : Canadian stocks snapped a three-day loss to end higher on Friday, tracking rising U.S. equity markets, led by financial, healthcare and information tech stocks. Nevertheless, the gains were capped by sharp declines in mining and energy stocks, with commodity prices continuing to struggle.

Euro Strengthens As Greek Parliament Approves Bailout Deal

Fri, 14 Aug 2015 12:50:54 GMT : The euro climbed against its major counterparts in European deals on Friday, after the Greek Parliament approved its third bailout deal that would help release EUR 86 billion to the debt-laden nation to keep it afloat.

Canadian Dollar Weakens Amid Falling Oil Prices

Fri, 14 Aug 2015 11:20:50 GMT : The Canadian dollar drifted lower against most major rivals in European deals on Friday, as oil prices fell on concerns over excess supply, coupled with weak demand growth.

Australian Dollar Retreats After RBA Kents Comments

Fri, 14 Aug 2015 08:09:16 GMT : The Australian dollar retreated from its recent highs against the other major currencies in the Asian session on Friday, following comments by Reserve Bank of Australia Assistant governor Christopher Kent.

TSX Ends Lower As Commodity Prices Fall -- Canadian Commentary

Thu, 13 Aug 2015 21:17:27 GMT : Canadian stocks ended lower for a third straight session on Thursday, as commodities tumbling with crude oil prices plunging to over a 6-year low, even as global equity markets slowly recovered from the Chinese move to devalue its currency.

Dollar Extends Rise As Retail Sales Improve

Thu, 13 Aug 2015 14:01:06 GMT : The U.S. dollar continued its advance against the other major currencies on Thursday, as retail sales improved in line with forecasts in July, while easing worries over China devaluing the yuan rekindled hopes for a Fed rate hike at September meeting.

Commodity Currencies Rise Amid Rising Risk Appetite

Thu, 13 Aug 2015 05:51:34 GMT : The commodity currencies such as the Australian, New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday despite China lowering the yuan's reference rate further on Thursday.

Australian Dollar Recovers Against Majors

Thu, 13 Aug 2015 03:15:30 GMT : The Australian dollar recovered from its recent lows against the other major currencies in the Asian session on Thursday.

TSX Ends Lower As China Roils Global Markets -- Canadian Commentary

Wed, 12 Aug 2015 21:14:25 GMT : Canadian stocks ended lower for a second straight session Wednesday, even as global equity markets dropped after China devalued its currency in an effort to help prop up its slowing economy.

U.S. Dollar Extends Slide

Wed, 12 Aug 2015 14:41:14 GMT : The U.S. dollar extended its decline against its major rivals on Wednesday, as treasury yields fell and hopes for a rate hike by the Federal Reserve at September meeting faded following China's devaluation of the yuan.

Australian Dollar Climbs On RBA Lowe's Comments

Wed, 12 Aug 2015 13:03:59 GMT : The Australian dollar reversed from its early lows against the other major currencies in European deals on Wednesday, and advanced, after the Reserve Bank of Australia Deputy governor Philip Lowe said he sees little room for further rate cuts, given the rising household debt levels.

Euro Extends Rally

Wed, 12 Aug 2015 11:03:02 GMT : The euro continued to be firmer for the second consecutive day on Wednesday, as the difference or spread, between the benchmark 10-year US-German bond yield narrowed sharply.

Commodity Currencies Fall As Yuan Slumps Yet Again

Wed, 12 Aug 2015 05:16:53 GMT : Commodity currencies such as the Australian, the New Zealand and the Canadian dollars continued to be weak against their major currencies in the Asian session on Wednesday, as the yuan slumped for the second straight day following Tuesday's devaluation by the Chinese central bank.

TSX Ends Lower On China Currency Move -- Canadian Commentary

Tue, 11 Aug 2015 21:28:32 GMT : Canadian stocks ended lower on Tuesday, tracking declining global equity markets as commodity prices slumped after after China devalued its currency by a near 2 percent, in an emergency measure to shore up the faltering Chinese economy.

Euro Rises As Greece Reaches Bailout Deal

Tue, 11 Aug 2015 08:38:06 GMT : The euro recovered from early its early losses against the other major currencies in the early European session on Tuesday, after Greece finance ministry said that the Hellinic nation has reached a deal with its creditors over the terms of a third bailout.

Commodity Currencies Fall As Chinese Yuan Devalued

Tue, 11 Aug 2015 05:09:10 GMT : The commodity currencies such as the Australian, the New Zealand and Canadian dollars fell against their major currencies in the Asian session on Tuesday following China devaluing its currency against the greenback by a record amount.

Johnson Electric To Buy Stackpole International For C$867 Mln

Tue, 11 Aug 2015 04:26:44 GMT : Johnson Electric Holdings Ltd. (JELCF.PK, JELCY.PK), a Hong Kong-based maker of electric motors and motion subsystems, said late Monday that it has agreed to acquire Canada-based auto parts maker Stackpole International for a total consideration of up to C$867 million, or $659 million. The transaction is expected to close in the fourth quarter of 2015.

TSX Ends Higher On Global Cues -- Canadian Commentary

Mon, 10 Aug 2015 21:26:38 GMT : Canadian stocks snapped a two-day loss to end higher on Monday, tracking rising global equity markets, even as commodity prices rebounded driving energy, mining, financial, and materials shares up significantly.

Canadian Dollar Falls On Sliding Oil Prices

Mon, 10 Aug 2015 09:43:10 GMT : The Canadian dollar slipped against its most major rivals in early European deals on Monday, as oil prices declined following a data showing increasing oil rig counts last week, exacerbating concerns over supply glut.

Euro Rises Amid Expectations Of Stronger Second Quarter Growth

Mon, 10 Aug 2015 05:08:28 GMT : The euro continued to be strong against the other major currencies in the Asian session on Monday, as traders expect the euro area GDP to grow in the second quarter. The data due this week.

TSX Ends Lower After Jobs Data -- Canadian Commentary

Fri, 07 Aug 2015 21:31:21 GMT : Canadian stocks ended lower for a second straight session on Friday, as energy stocks tracked oil prices lower, despite some better than expected jobs report from Canada. Weakness in Europe and U.S. markets also weighed on investor sentiment, following the release of the U.S. employment report for July.

Dollar Higher After Solid Jobs Data

Fri, 07 Aug 2015 13:50:37 GMT : The U.S. dollar climbed against its major rivals on Friday, trimming recent losses, as non-farm payroll employment increased notably in July and jobless rate held steady at a seven-year low, bolstering hopes that September hike by the Federal Reserve in on track.

Euro Extends Rise; U.S. Jobs Report Eyed

Fri, 07 Aug 2015 09:04:24 GMT : The euro extended its early gain against the other major currencies in the early European session on Friday, as traders await the U.S. Labor Department's monthly jobs report due later in the day, which could have a significant impact on the outlook for interest rates.

Australian Dollar Rises After RBA Monetary Policy Statement

Fri, 07 Aug 2015 04:55:57 GMT : The Australian dollar strengthened against the other major currencies in the Asian session on Friday, as the Reserve Bank of Australia's August statement on monetary policy showed that inflation could pick up more than estimated, reducing the chances of a near term rate cut.

TSX Ends Lower After Six-Day Gain -- Canadian Commentary

Thu, 06 Aug 2015 21:39:24 GMT : Canadian stocks snapped a six-day gain to end lower on Thursday, tracking declining global equity markets, driven by weak performances at healthcare, financial, industrial, information tech sectors.

U.S. Dollar Advances As Weekly Jobless Claims Rise Less-than-forecast

Thu, 06 Aug 2015 13:40:38 GMT : The U.S. dollar climbed against most major rivals on Thursday, as first-time claims for U.S. unemployment benefits rose less-than-expected last week, in a sign of consistent improvement in labour market.

Molson Coors Q2 Net Income Decreases - Quick Facts

Thu, 06 Aug 2015 11:56:06 GMT : Molson Coors Brewing Company (TAP, TPX.TO) reported second-quarter net income to company of $229.0 million or $1.23 per share, compared to $290.9 million or $1.56 per share, prior year. The company said net income declined 21.1 percent due to higher special and other non-core net charges, a higher tax rate and unfavorable currency movements. Underlying after-tax income income per share was $1.41, for the quarter.

Euro Rises Further As German Factory Orders Rise More-Than-Expected

Thu, 06 Aug 2015 06:51:39 GMT : The euro rose further against the other major currencies ahead of European session on Thursday, after data showed that Germany's factory orders increased at a faster-than-expected pace in June, signalling robust growth in Europe's largest economy.

Aussie Retreats As Australia Unemployment Data Fuels Rate Cut Bets

Thu, 06 Aug 2015 04:43:35 GMT : The Australian dollar retreated from its recent highs against the other major currencies in the Asian session on Thursday, following the release of data showing an increase in Australia's unemployment rate in July, fueling expectations of a RBA rate cut in the near-term.

TSX Ends Higher On Upbeat Data -- Canadian Commentary

Wed, 05 Aug 2015 21:38:06 GMT : Canadian stocks ended higher Wednesday, as investor sentiments rose after the country's trade deficit contracted in June, adding modest gains to the previous session. The major gainers were the financial, healthcare, and information technology sectors, with mining, materials, and energy among losers.