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Canadian stocks rallied Wednesday, extending strong recent gains as crude oil prices surged near $50 a barrel. Metal shares rebounded and also big banks also performed well as the Bank of Canada held steady on interest rates. The BoC sees the Canadian economy shrinking in second quarter due to the...

The Canadian stock market is trading solidly in positive territory Wednesday morning after the Bank of Canada kept benchmark interest rate unchanged. The BoC maintained its target for the overnight rate at 0.5 percent. The decision was in line with forecasts. The bank expects the second quarter economic...

The Canadian dollar advanced against its major rivals in early New York deals on Wednesday, after the Bank of Canada kept benchmark interest rate unchanged, as inflation remains roughly in line with the Bank's expectations. The BoC maintained its target for the overnight rate at 0.5 percent. The decision...

As expected, the Bank of Canada kept the benchmark interest rate at 0.5 percent. After the decision, the loonie climbed against its major counterparts. The loonie was trading at 1.4593 against the euro, 84.27 against the yen, 0.9424 against the aussie and 1.3094 against the greenback around 10:01 am ET.

The Bank of Canada announces decision on interest rate at 10:00 am ET Wednesday. The bank is seen retaining key interest rate at 0.5 percent. The loonie traded mixed against its major counterparts ahead of the announcement. While the loonie rose against the yen and the aussie, it held steady against...

Canadian stocks may extend recent gains Wednesday morning ahead of the Bank of Canada's interest rate announcement. The Bank of Canada interest rate statement will be released at 10am this morning. Most economists say the BoC will signal it is no hurry to raise interest rates given the economic...

Electric transmission company ITC Holdings Corp. (ITC), which is in deal to be bought by Fortis Inc. in $11.3 billion deal, Wednesday announced that Rejji Hayes has been promoted to executive vice president and chief financial officer. Hayes continues to be responsible for the company's accounting,...

Microsoft Corp. (MSFT) announced plans to streamline the company's smartphone hardware business, which will impact up to 1,850 jobs. As a result, the company will record an impairment and restructuring charge of approximately $950 million, of which approximately $200 million will relate to severance...

The Australian dollar strengthened against the other major currencies in the pre-European Asian session on Wednesday, as strong cues from overseas markets, receding Brexit worries, rising oil prices and news of a breakthrough deal between Eurozone finance ministers, Greece and the International Monetary...

The Japanese yen weakened against the other major currencies in the Asian session on Wednesday. The yen fell to 2-day lows of 122.79 against the euro and 110.98 against the Swiss franc, from yesterday's closing quotes of 122.53 and 110.69, respectively. Against the U.S., the Australian and the...

FDA-thumb-042916.jpg After being voted down by an FDA panel last month, Sarepta Therapeutics Inc.'s (SRPT) Duchenne Muscular Dystrophy drug candidate Eteplirsen awaits the regulatory agency's final decision, which is set for May 26, 2016.

Canadian stocks inched higher Tuesday, extending Friday's strong gains amid robust energy and financial stocks. Plunging gold shares, however, put a cap on the day's advance. The S&P/TSX Composite Index rose 33.27 points, or 0.24 percent, to 13,952.85. Gold stocks tubled more than 6 percent,...

The Canadian stock market is climbing in early trade Tuesday, as investors return from the long holiday weekend. Nearly every sector is trading in the green this morning, with the exception of the gold stocks. Gold prices are weakening on speculation that the Federal Reserve will raise interest rates...

Canadian stocks may follow global markets higher Tuesday as traders return from the Victoria Day break. Bay Street is likely to carry positive momentum from Friday's session amid optimism for higher crude oil prices. Citi now forecasts West Texas Intermediate crude (now at $48) will hit $50 by...

The Japanese yen weakened against the other major currencies in the European session on Tuesday. The yen fell to a 4-day low of 160.02 against the pound, from an early high of 158.09. Against the euro and the Swiss franc, the yen dropped to 122.67 and 110.63 from an early more than 2-week highs...

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