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Canadian stocks are modestly higher Wednesday morning with some upbeat earnings news aiding sentiment. Investors are largely shrugging off somewhat weak U.S. new home sales data.

The Canadian dollar reversed from its previous high and slipped back against the U.S. dollar in New York deals on Wednesday. The loonie dropped to 1.1054 against the greenback, its lowest since April 1. Further weakness may take the loonie to a support at the 1.11 mark. The pair finished yesterday's deals at 1.1024.

Canadian stocks look set for a slightly lower start Wednesday, weighed by a report showing Chinese factory activity to have contracted for the fourth straight month in April.

Falco Pacific Resource Group Inc. Wednesday said that the Board of Directors of the company has appointed Jim Davidson to serve as interim Chief Executive Officer of Falco Pacific, effective immediately. Davidson's appointment follows the resignation from Falco Pacific, and Board of Directors, of...

After the release of Canada retail sales data for February at 8:30 am ET Wednesday, the loonie slipped against other major currencies. The loonie was trading at 1.0246 against the aussie, 1.5277 against the euro, 92.67 against the yen and 1.1034 against the greenback around 8:33 am ET.

Canada retail sales data for February is due at 8:30 am ET Wednesday. Before the data, the loonie showed mixed trading against other major currencies. While the loonie held steady against the yen, it advanced against the rest of major currencies. The loonie was quoted at 1.0232 against the aussie,...

Canadian drug maker Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) reported its nominations for the board of directors at its annual meeting of shareholders on May 20, 2014. Given Valeant's increased size as a company and its ability to look at a broader set of business development opportunities,...

Defense and aerospace giant Boeing Co. (BA) is scheduled to post first quarter results before the markets open. The earnings of the company are expected to decline to $1.56 per share from $1.73 per share reported a year earlier, while revenues are anticipated to increase to $20.19 billion from last year's...

The yen strengthened against the Canadian dollar in the early European session on Wednesday. Against the loonie, the yen rose to a 6-day high of 92.85 around 3:20 am ET, from yesterday's closing quote of 93.07. If the yen extends its uptrend, 91.52 is seen as the next resistance level.

The European currency strengthened against the Canadian dollar in the Asian session on Wednesday. Against the loonie, the euro rose to a 2-day high of 1.5243 around 10:30pm ET, from yesterday's closing quote of 1.5217. If the euro extends its uptrend, it is likely to find resistance around the 1.55 area.

Canadian National Railway Co (CNR.TO, CNI), the country's largest railroad operator, Tuesday reported a better-than-expected increase in first-quarter profit, due mainly to more shipments of petroleum and chemicals as well as other products despite some harsh weather conditions. Looking ahead, the...

Baytex Energy Corp. (BTE.TO, BTE) announced the commencement of cash tender offers relating to any and all of the US$365 million current outstanding principal amount of 9.875% Senior Notes due 2017 and US$300 million current outstanding principal amount of 7.50% Senior Notes due 2020 of Aurora USA Oil...

Canadian National Railway Company (CNI) Tuesday reported first-quarter profit of C$623 million or C$0.75 per share, up from C$555 million or C$0.65 per share in the same period last year. Adjusted earnings for the quarter were C$551 million or C$0.66 per share. On average, 26 analysts polled by Thomson...

Canadian stocks ended higher on Tuesday, with investors upbeat over the latest batch of economic and earnings reports from Canada and the U.S., and on the big news of Valeant Pharmaceuticals International, Inc. offer to buy Botox maker Allergan Inc. Nonetheless, declining crude oil and gold prices capped...

Patient Home Monitoring (PHM.V) announced the appointment of Chairman Michael Dalsin to the concurrent position of Chief Executive Officer or CEO effective immediately. The company said Andrew Folmer will remain as President and CFO of PHM and continue to lead the company's day-to-day operations. Commenting...