logo

Canadian News

Share SHARE

Commodity currencies such as the Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday, as oil price rose on concerns about production cuts after a massive fire swept through the Canadian oil sands hub of Fort McMurray, Alberta. Crude...

OilSandsBoomtown-050416.jpg Firefighters were helpless to stop the raging wildfire in the city of Fort McMurray, Alberta as the strong, shifting winds drove the flame out of control on Wednesday. The province has declared a state of emergency. A mandatory order was issued to evacuate the entire population of Fort McMurray.

Corrects Currency to 'loonie' in para 4 The Canadian dollar strengthened against most major currencies in the Asian session on Thursday. The Canadian dollar rose to 1.2825 against the U.S. dollar and 83.53 against the yen, from yesterday's closing quotes of 1.2867 and 83.11, respectively. Against...

Pharma-050516.jpg Shares of Rockwell Medical Inc. (RMTI) plunged more than 14% on Wednesday after the company said that it will be able to launch its low-cost generic active vitamin D drug Calcitriol only in the third quarter of this year due to a manufacturing issue encountered by its contract manufacturer.

The Australian dollar strengthened against the other major currencies in the Asian session on Thursday. The Australian dollar rose to a 2-day high of 0.9627 against the Canadian dollar, from yesterday's closing value of 0.9588. Against the euro and the yen, the aussie edged up to 1.5319 and 80.31...

Gildan Activewear Inc. (GIL.TO, GIL) announced it has signed a definitive agreement to acquire 100% of the equity interest of Alstyle Apparel, LLC and its subsidiaries, which constitute the apparel division of Ennis, Inc., for a total cash purchase price of $110 million. The company said, while the...

Canadian stocks fell again Wednesday, extending May's losses amid lower metals prices and downbeat economic news from the U.S. Traders paid close attention to developments in Canada, where boomtown Ft. McMurray was evacuated due to an approaching wildfire. The S&P/TSX Composite Index was down 75.68...

Aeropostale-050416.jpg Fast changing fashion trends have been hitting Aeropostale badly for the last several quarters, and at last it opted for Chapter 11 bankruptcy filing on Wednesday.

The Canadian stock market has been fluctuating between small gains and losses since the open of trade Wednesday. Healthcare stocks are among the best performers this morning, while gold stocks are under pressure. Economic data from the U.S. has been disappointing this morning, which has cemented expectations...

The Canadian dollar continued to be lower against the other major currencies in early New York trading on Wednesday, after data showed that Canada's trade deficit widened to a record high in March, led by sharp fall in exports. Data from Statistics Canada showed that Canada's merchandise trade deficit...

Early signals mixed for Canadian stocks Wednesday morning, as markets react to downbeat economic news from the U.S. Payroll processor ADP reported 156,000 U.S. private sector jobs were added in April, versus market estimates for 200,000 new jobs. Meanwhile, the productivity of U.S. businesses and...

Following the release of Canada trade data for March at 8:30 am ET Wednesday, the loonie fell further against its major rivals. The loonie was trading at 1.2780 against the greenback, 83.25 against the yen, 1.4698 against the euro and 0.9556 against the aussie around 8:32 am ET.

At 8:30 am ET Wednesday, Statistics Canada releases Canada trade data for March. Ahead of the data, the loonie traded mixed against its major rivals. While the loonie held steady against the greenback, it fell against the rest of major rivals. The loonie was worth 1.2741 against the greenback,...

The Canadian dollar declined against the other major currencies in European trading on Wednesday, as European stocks fell on the back of weak commodities and mixed earnings reports. Commodities are lower, weighed by a higher dollar. Concerns over Fed rate hike returned to the fore after the Atlanta...

Primero Mining Corp. (PPP, P.TO) reported Wednesday that its first-quarter net loss was $13.2 million or $0.08 per share, compared with net income of $3.6 million or $0.02 per share last year. Adjusted loss was $7.8 million or $0.05 per share, compared with adjusted income of $1.1 million or $0.01...

Follow RTT