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The Canadian stock market is dipping in early trade Wednesday, pulling back from its highest level in nearly 2 months after two days of gains. Global markets are in a holding pattern today, as investors await the Trump administration's big tax reform announcement. Markets in Europe are little changed...

The euro declined against its major opponents in the European session on Wednesday, as investor sentiment faded amid weak oil prices and corporate earnings results and attention shifted to European Central Bank meeting tomorrow for any change in its policy stance. ECB rate setters are gathering in...

Statistics Canada has released Canada retail sales for February at 8:30 am ET Wednesday. After the data, the loonie recovered from early lows against its major rivals. The loonie was worth 1.3584 against the greenback, 82.06 against the yen, 1.4799 against the euro and 1.0160 against the aussie around 8:33 am ET.

The rally in Canadian stocks may fizzle out Wednesday, with all eyes on Washington, DC for the Trump administration's big tax reform announcement. Reports say Trump will announce the corporate tax rate will be slashed from 35% to 15%. This would be a major win for U.S. business but could unite fiscal...

Statistics Canada releases Canada retail sales for February at 8:30 am ET Wednesday. Ahead of the data, the loonie traded mixed against its major rivals. While the loonie rose against the euro and the aussie, it held steady against the yen. Against the greenback, it fell. The loonie was worth 1.3593...

Valeant Pharmaceuticals International, Inc.'s (VRX, VRX.TO) wholly owned subsidiary, Bausch + Lomb, said it has received 510(k) clearance from the U.S. Food and Drug Administration or FDA for Vitesse. Vitesse is the first and only hypersonic device for vitreous removal, which uses a novel, single-needle...

While reporting its first-quarter financial results today, BCE Inc. (BCE.TO) updated its financial outlook for fiscal 2017. The company now forecasts fiscal 2017 adjusted earnings per share in a range of $3.30 to $3.40 and revenue growth of 4 percent to 6 percent. Earlier, the company projected adjusted...

The euro slipped against its major opponents in the European session on Wednesday. The euro dropped to 1.0882 against the greenback, 120.95 versus the yen and 0.8483 against the pound, from its early 5-1/2-month high of 1.0951, multi-week high of 121.98 and a new 2-week high of 0.8531, respectively. The...

The U.S. dollar trimmed its early losses against its major rivals in early deals on Wednesday, as investors await details over the U.S. President Donald Trump's tax reform plans, expected to be announced later in the day. Trump administration expects that its promised tax overhaul would accelerate...

Reversing direction, the U.S. dollar advanced against its major counterparts in early European deals on Wednesday. The greenback firmed to 111.51 against the yen, its strongest since April 10. The greenback edged up to 0.9950 versus the Swiss franc, 1.2812 against the pound and 1.3585 against the...

The Australian dollar weakened against the other major currencies in the Asian session on Wednesday, after data showed that the nation's consumer price rose less than expected in the first quarter of 2017. Data from the Australian Bureau of Statistics showed that the consumer prices in Australia...

Pharma-042617.jpg Shares of Akebia Therapeutics Inc. (AKBA) jumped over 28% in after-hours trading on Tuesday, following an expanded collaboration and license agreement with Otsuka Pharmaceutical Co., Ltd. to develop and commercialize Vadadustat in Europe, China and other territories.

The Australian dollar weakened against the other major currencies in the Asian session on Wednesday. The Australian dollar fell to nearly a 4-month low of 1.4571 against the euro, from yesterday's closing value of 1.4501. Against the U.S. and the Canadian dollars, the aussie dropped to a 6-day...

Canadian stocks rose to their highest in two months Tuesday, as rebounding energy stocks offset significantly weaker gold shares. Meanwhile, U.S. President Donald Trump slapped tariffs on imported softwood lumber from Canada. "We're going to be putting a 20% tax on softwood lumber coming in --...

Kindermorgan-IPO-042517.jpg U.S. pipeline company Kinder Morgan Inc., Monday announced that its Canadian subsidiary has filed statements for an initial public offering, as the company seeks funds to finance its $7.4 billion Trans Mountain expansion project. The company has filed a preliminary prospectus with the US Securities...

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