Canadian stocks moved mostly lower on Wednesday after U.S. retaliation to Iran's downing of a U.S. helicopter and Iran's counter-attacks, led investors to wind up expectations on an amicable U.S.-Iran peace deal and an early reopening of the Strait of Hormuz.
After opening notably lower and edging further down, the Canadian market recovered and moved closer to the unchanged line Wednesday morning thanks to gains in the energy sector and several stocks from financials and technology sectors finding support at lower levels.
In a widely expected move, the Bank of Canada announced on Wednesday that it has once again decided to leave interest rates unchanged. The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
Property services firm FirstService Corp. (FSV, FSV.TO), announced on Wednesday that its Roofing Corp of America subsidiary has acquired Schefers Roofing, expanding its commercial roofing operations into the Kansas City market. Terms of the deal were not disclosed. Schefers Roofing, founded in 1995...
Canadian stocks are likely to open on a negative note on Wednesday amid rising tensions in the Middle East following fresh attacks by Iran and U.S. forces. Investors will also be reacting to the Bank of Canada's monetary policy announcement, due shortly after the opening bell.
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as the investor sentiment dampened after the Reserve Bank of Australia (RBA) is less likely to boost interest rates in June. Asian stock markets traded lower, as continuing uncertainty about the fragile...
The Australian dollar weakened against other major currencies in the Asian session on Wednesday. The Australian dollar fell to nearly a 2-month low of 1.6473 against the euro and nearly a 3-week low of 0.9777 against the Canadian dollar, from yesterday's closing quotes of 1.6422 and 0.9801, respectively....
Canadian stocks ticked lower on Tuesday after a slump in the oil-linked energy sector and a plunge in the gold-linked materials sectors pulled down the market, while investors received U.S. President Donald Trump's assurances on early reopening of the Strait of Hormuz with cautious optimism.
After opening marginally up and moving further ahead, Canadian stocks slipped into negative territory on Tuesday, dragged down by losses in energy, materials and technology sectors.
Higher Canadian and U.S. futures and firm European stocks amid signs of de-escalation in tensions in the Middle East point to a positive start on Bay Street Tuesday morning. In addition to following the developments on the geopolitical front, investors will be looking ahead to the Bank of Canada's interest rate decision due on Wednesday.
Apotex Health Corp. (APTX.TO), a Canadian healthcare company, announced an upsized initial public offering (IPO) of $1.3 billion, up from the previously reported $1.0 billion. Apotex now expects the IPO to consist of between 54.17 million and 65 million common shares at an offering price between $20...
The euro strengthened against most major currencies in the European session on Tuesday, amid expectations that the European Central Bank (ECB) would raise rates this week. Investors speculate that the ECB will tighten its monetary policy at Thursday's meeting. The slow Eurozone will discourage the...
The euro strengthened against most major currencies in the European session on Tuesday. The euro rose to 4-day highs of 1.1570 against the U.S. dollar and 185.29 against the yen, from early lows of 1.1527 and 184.61, respectively. Against the Swiss franc and the Australian dollar, the euro advanced...
Air Canada (AC.TO) said it has strengthened its licence verification procedures after Transport Canada imposed a monetary penalty on a former pilot who lacked the required certification to serve as a captain. According to the company, the former pilot held a valid Commercial Pilot Licence but lacked...
Canadian stocks posted marginal gains on Monday as investors assessed U.S. President Donald Trump's reassurance on U.S.-Iran peace talks along with reports of Iran's preparations for a prolonged war with Israel.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.