logo

Canadian News

Share SHARE

The Canadian dollar weakened against the other major currencies in the Asian session on Tuesday amid lackluster risk sentiment engendered by lower oil prices, worries concerning domestic growth and the prospects of further rate reductions in the wake of slowing growth. TD Bank reportedly lowered its...

The Canadian dollar weakened against the other major currencies in the Asian session on Tuesday. The Canadian dollar dropped to 1.2493 against the U.S. dollar for the first time since March 2009. At yesterday's close, the loonie was trading at 1.2469 against the greenback. Against the euro and...

Canadian stocks ended slightly higher for a fourth straight session on Monday, tracking largely rising global equity stocks, even as investors remained focused over the developments in Greece with the anti-austerity party Syriza clinching a decisive majority in the general elections Sunday. The main...

The Canadian stock market has just climbed back into the green Monday morning, after coming under pressure in early trade. Mining stocks are under pressure this morning as the price of gold continues to fall and energy stocks are struggling as the price of oil has slipped to around $45 per barrel. Concerns...

Premium Brands Holdings Corp (PBH.TO) said it plans to close its processed meats plant located in Toronto, Ontario in December, 2015. The company said that while it looked at various options to continue to operate this leased facility that was built in 1958, none were economically feasible due to...

Multi-channel retailer Sears Canada, Inc. (SRSC, SCC.TO) confirmed on Monday interim President and Chief Executive Officer Ronald Boire to the positions. Boire succeeds Douglas Campbell, who announced in late September his intention to resign by the end of 2014 to return to the U.S. to attend to personal...

Sears Canada Inc. (SCC.TO) Monday said its Board of Directors appointed Ronald Boire as President and Chief Executive Officer. Boire has served as the company's acting president and CEO since October 15, 2014. Prior to his role with Sears Canada, Boire was Executive Vice President, Chief Merchandising...

ProMetic Life Sciences Inc. (PLI.TO, PFSCF) reported that its orally active lead drug candidate, PBI-4050, has been approved to commence the clinical trial in patients suffering from metabolic syndrome and resulting Type 2 diabetes. This follows the CTA clearance by Health Canada. The enrollment of patients...

The Canadian dollar declined against its most major rivals in European deals on Monday, as oil prices plunged following the victory of anti-austerity Syriza party in the general election in Greece, raising concerns about Greek debt default and a possible exit from the Eurozone. Oil for March delivery...

The Canadian dollar drifted lower against its most major currencies in early European deals on Monday. The loonie hit 1.2463 against the greenback, its lowest since March 2009. The loonie fell to 1.3994 against the euro and 0.9852 against the aussie, from an early high of 1.3825 and a multi-day...

Kirkland Lake Gold Inc. (KGI.TO, KGI.L) announced Monday the appointment of Eric Steven Sprott as Chairman of the board of directors, subject to regulatory approvals. Harry Dobson will retire from his position as Chairman upon receipt of regulatory approvals. Sprott, aged 70, recently resigned...

The Japanese yen trimmed its early strength against its major rivals ahead of European deals on Monday. The yen was trading at 118.10 against the greenback, 132.59 against the euro and 134.18 against the franc, off early 4-day high of 117.25, 1-1/2-year high of 130.13 and a 10-day high of 132.87,...

The euro recovered from its early lows against the other major currencies in the Asian session on Monday. Having fallen to a 7-year low of 0.7403 against the pound and nearly a 1-1/2-year low of 130.13 against the yen, the euro rebounded to 0.7467 and 132.36, respectively. Against the U.S. dollar,...

The Australia and New Zealand dollars fell against their major currencies in the Asian session on Monday as traders speculate that the sliding commodity prices and weak global demand may prompt the Reserve Banks of Australia and New Zealand to reduce their interest rates in near future. The Reserve...

The Japanese yen extended its gains against the other major currencies in the Asian session on Monday amid a rise in risk aversion following the left-wing Syriza party sweeping polls in the weekend snap elections, igniting worries that Greece may exit the eurozone. Meanwhile, data released by the...

Follow RTT