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Banking and energy stocks led the Canadian market sharply lower yet again Tuesday, as concerns about the global economy sparked a worldwide sell-off. Crude oil for March tumbled for a fourth straight session, dropping $1.75, or 5.9 percent, to settle at $27.94/bbl. Energy stocks plunged 4.9 percent,...

The Canadian stock market is trading in the red again Tuesday, following the sharp losses of the previous session. However, the market has come off its lows and has recovered some ground. Crude oil prices are attempting to stabilize this morning, after falling below $30 a barrel yesterday. Markets...

Canadian stocks will look to steady Tuesday morning after a rough session to start the week. Plunging oil prices and signs of dwindling demand have hurt resource stocks of late. Gold shares have provided a measure of support, but Toronto's main index remains near 3-year lows from mid-January. The...

In a decision going against public opinion, the Canadian government announced that it will end air strikes targeting the Islamic State group in Iraq and Syria and bring home its six fighter jets on February 22. At the same time, Canada will triple the number of its special forces training Kurdish militia...

Fortis-ITC-020916.jpg Transmission utility ITC Holdings Corp. announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. in a deal valued at approximately $11.3 billion. ITC shareholders will receive $22.57 in cash and 0.7520 Fortis shares per ITC share.

ITC Holdings Corp. (ITC), an electricity transmission company, announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. (FTS.TO) in a transaction valued at approximately $11.3 billion. Under the terms of the...

The Japanese yen retreated slightly from early highs against the other major currencies in the pre-European session on Tuesday. The yen fell to 115.34 against the U.S. dollar and 166.17 against the pound, from a 15-month high of 114.21 and nearly a 3-week high of 164.79, respectively. Against...

Pharma-Report-020816.jpg Shares of BioCryst Pharmaceuticals Inc. (BCRX) cratered over 71% on Monday, following disappointing results from a 12-week, three-arm, parallel cohort design trial of orally-administered Avoralstat in patients with hereditary angioedema.

Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Monday as investors turned risk averse, tracking the overnight sell-off on Wall Street and the European markets amid rising concerns over slowing global...

The Canadian dollar weakened against the other major currencies in the Asian session on Tuesday. The Canadian dollar fell to nearly a 3-week low of 1.5637 against the euro and a 2-week low of 82.34 against the yen, from yesterday's closing quotes of 1.5584 and 83.17, respectively. Against the...

The Australian dollar weakened against the other major currencies in the Asian session on Tuesday. The Australian dollar fell to near 3-week lows of 1.5941 against the euro and 80.76 against the yen, from yesterday's closing quotes of 1.5788 and 82.08, respectively. The aussie dropped to a 6-day...

Canadian stocks fell sharply Monday as plunging oil prices continued to hurt the energy sector. At last check, the S&P/TSX Composite Index dropped 241.88 points, or 1.9 percent, to 12,522.11, heading back near January's 3-year lows. Crude oil prices tumbled amid lingering doubts about the health...

The Canadian stock market is down sharply in early trade Monday, as crude oil prices have fallen back below $30 a barrel. Global equity markets have practically moved in lock step with crude oil prices since the start of 2016. Energy, healthcare and financial stocks are among the weakest performers this...

The euro slipped against most major rivals in European deals on Monday, as European stocks fell amid falling oil prices, worries over weakness of the global economy and uncertainty over the Federal Reserve's monetary policy. Survey from Sentix showing deteriorating investor sentiment in the euro area...

After the release of Canada building permits for December at 8:30 am ET Monday, the loonie changed little against its major rivals. The loonie was trading at 1.3951 against the greenback, 1.5470 against the euro, 83.50 against the yen and 0.9848 against the aussie around 8:31 am ET.

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