Canadian News

Share SHARE

Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The...

Canadian stocks dropped sharply to end at a near seven-month low on Friday, dragged down by resource stocks on weak commodity prices and as well on data showing an unexpected surge in the country's core inflation . Canada's annual core inflation rate rose more than expected to 2.1 percent in August...

Canadian stocks are drifting lower Friday morning, dragged down by weak commodity prices and data showing an unexpected surge in the country's core inflation. Besides resources stocks, financial and consumer discretionary stocks are also notably lower. The benchmark S&P/TSX Composite Index is...

The Canadian dollar climbed against its major rivals in on Friday, as the nation's consumer prices came in flat in August, in line with forecasts. Data from Statistics Canada showed that Canada's consumer prices were flat on month in August, following a 0.2 decline in the previous month. Annual...

Early signals are mixed for Canadian stocks Friday morning, as Bay Street looks to follow global markets higher despite falling commodity prices. Investors will be reacting to data showing an unexpected surge in Canadian core inflation. On Thursday, the S&P/TSX Composite Index closed up 6.66 points...

Energy infrastructure company TransCanada Corp. (TRP.TO, TRP), Friday, commenting on its trading activity in common shares, said it plans to sell the rest of its U.S. natural gas pipeline assets to its master limited partnership, TC PipeLines, LP (TCP) over the coming years. These assets are expected...

Canada's consumer price index for August and wholesale sales for July were released at 8:30 am ET Friday. The loonie advanced against its major rivals following these data. The loonie was trading at 1.0913 against the greenback, 0.9809 against the aussie, 1.4042 against the euro and 99.58 against...

Canada's consumer price index for August and wholesale sales for July are due at 8:30 am ET Friday. Ahead of these data, the loonie fell against its major counterparts. As of 8:25 am ET, the loonie was worth 1.0973 against the greenback, 0.9853 against the aussie, 1.4114 against the euro and 99.11 against the yen.

Canadian telecommunications company Telus Corp. (TU, T.TO) said that the new iPhone 6 and iPhone 6 Plus are now available for purchase in stores across Canada. iPhone 6 is available starting at C$265 for the 16GB model and iPhone 6 Plus is available starting at C$375 for the 16GB model both on two-year...

The Japanese yen recovered from early lows against the other major currencies in the European session on Friday. Pulling away from early 6-year lows of 180.69 against the pound and 109.45 against the U.S. dollar, the yen recovered to 178.08 and 108.77, respectively. At yesterday's close, the yen was...

Algonquin Power & Utilities Corp. (AQN.TO) announced that its regulated utility business, Liberty Utilities, has entered into an agreement with Western Water Holdings, a wholly-owned investment of Carlyle Infrastructure, to acquire the regulated water distribution utility Park Water Company. Park...

The euro weakened against the Canadian dollar in the European session on Friday. Against the loonie, the euro fell to nearly a 2-week low of 1.4104 from an early high of 1.4162. At yesterday's close, the euro was trading at 1.4128 against the loonie. If the euro extends its downtrend, it is likely...

Cervus Equipment Corp. (CVL.TO) said Thursday that it has agreed to buy 100% of the shares of Evergreen Equipment Ltd. The final purchase price, which will be subject to certain post-closing adjustments, will be paid in a combination of cash and shares with up to $2.2 million of the purchase price...

Canadian stocks ended slightly higher on Thursday, even as global equity markets moved up amid some mixed economic data out of the U.S. following the U.S. Federal Reserve's move to maintain interest rates while slashing its monthly asset purchase program. The main index was pegged down with lower commodity...

Canadian stocks are sluggish Thursday morning with investors refraining from making significant moves amid a mixed batch of U.S. economic data. Lower commodity prices are dragging down mining and energy stocks. The benchmark S&P/TSX Composite Index is down 12.01 points or 0.08 percent at 15,446.87,...