Canadian News


The Canadian stock market ended on a firm note on Friday, with investors picking up shares amid optimism about U.S.-China trade talks and on rising crude oil prices.

The Canadian stock market is notably higher Friday morning, extending gains to an eleventh straight session, on positive global cues.

The Canadian dollar gained ground against its key counterparts in the European session on Friday, after a data showed that the nation's consumer inflation turned positive unexpectedly in December, triggering hopes for a rate hike by the Bank of Canada in coming months. Data from Statistics Canada...

Following the release of Canada consumer inflation for December at 8:30 am ET Friday, the loonie climbed against its major rivals. The loonie was trading at 1.3235 against the greenback, 1.5097 against the euro, 82.62 against the yen and 0.9527 against the aussie around 8:32 am ET.

At 8:30 am ET Friday, Statistics Canada will release Canada consumer inflation for December. Ahead of the data, the loonie retreated from its early highs against its major rivals. The loonie was worth 1.3272 against the greenback, 1.5135 against the euro, 82.44 against the yen and 0.547 against the...

Canadian shares look headed for a solid start on Friday, tracking gains in Asian and European markets amid easing worries about U.S.-China trade disputes.

The Japanese yen declined against its major counterparts in the Asian session on Friday, as investors cheered easing trade tensions between the U.S. and China following a media report that Washington is mulling lifting some or all tariffs imposed on Chinese imports to resolve the dispute. The Wall...

pharma-021618_17jan19.jpg Today's Daily Dose brings you news about FDA thumbs down on Immunomedics' breast cancer drug; FDA panel vote on Sanofi/Lexicon's diabetes drug; progress in Zymeworks/ Lilly collaboration; and encouraging data from Zafgen's diabetes trial.

pharmaup-jan17.jpg The following are some of today's top gainers in the pharma/biotech sector.

The Canadian stock market shrugged off a weak start and moved higher on Thursday, extending its winning streak to a tenth session, riding on reports the U.S. is considering lifting tariffs on Chinese goods.

After opening on a negative note on weak global cues and falling crude oil prices, the Canadian stock market rebounded on support at lower levels in mid morning trades on Thursday.

gymboree-bankruptcy-011719.jpg Children's clothing retailer Gymboree Group, Inc. has again filed for Chapter 11 bankruptcy protection, the second time in nearly two years. The company will close more than 800 Gymboree and Crazy 8 stores in the U.S. and Canada. The San Francisco-based retailer said that along with its U.S. subsidiaries, it has filed a petition in the U.S. Bankruptcy Court for the Eastern District of Virginia.

Lower futures and crude oil prices and weakness in European markets amid renewed worries about U.S.-China trade tensions point to a lower opening for Canadian shares on Thursday.

The Canadian dollar declined against its major opponents in the European session on Thursday, as data showing a record crude production raised worries over a global supply glut. Crude for March delivery fell $0.81 to $51.80 per barrel. The Energy Information Administration reported on Wednesday...

Husky Energy Inc. (HSE.TO) said Thursday that its offer for MEG Energy Corp. (MEG.TO) expired on January 16 and that the minimum tender condition was not met. Due to insufficient MEG Board and shareholder support, Husky has decided not to extend its offer. Accordingly, the company said that all MEG...

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