logo

Canadian News

Share SHARE

Canadian stocks extended a week-long losing skid, edging near their lowest in three years amid collapsing oil and base metal prices. Energy stocks lost only modest ground even as crude oil futures settled below $26.50 for the first time since 2003. Financials also added to recent losses, but gold...

The Canadian stock market got off to a weak start Thursday, but has since recovered some lost ground. The majority of the Canadian sectors are trading in the red, with the heaviest losses in the financial, mining, healthcare and industrial sectors. Energy stocks are also struggling as crude oil prices...

The Japanese yen pulled away from its early highs against its key counterparts in European deals on Thursday, amid rumors about the Bank of Japan intervening in the forex market to curb sharp gains in the currency. The BoJ is said to have sold-off the yen, as officials are overly concerned about a...

Following the release of Canada new housing price index for December at 8:30 am ET Thursday, the loonie changed little against its major rivals. The loonie was trading at 1.3984 against the greenback, 1.5833 against the euro, 0.9896 against the aussie and 80.27 against the yen around 8:35 am ET.

At 8:30 am ET Thursday, Canada new housing price index for December is due. Ahead of the data, the loonie showed mixed trading against its major rivals. While the loonie held steady against the greenback and the euro, it rose against the yen. Against the aussie, it declined. The loonie was worth...

Bay Street is bracing for another drubbing Thursday morning, with the decline in most commodities intensifying amid global economic jitters. Yesterday, the S&P/TSX Composite Index was down 96.93 points, or 0.79 percent, to 12,185.72, approaching 3-year lows from mid-January. Futures are pointing...

TransCanada Corp. (TRP.TO, TRP) announced a net loss attributable to common shares for fourth quarter 2015 of C$2.5 billion or C$3.47 per share compared to net income of C$458 million or C$0.65 per share for the same period in 2014. Comparable earnings for fourth quarter 2015 were C$453 million or C$0.64...

Canadian oil producer Cenovus Energy Inc. (CVE, CVE.TO) reported a wider loss for the fourth quarter and cut its dividend for the first quarter by 69 percent. The company also said it plans to reduce capital spending for fiscal 2016 and will further reduce its workforce. The company's fourth-quarter...

Manulife Financial Corp. (MFC.TO, MFC) reported Thursday that its fourth-quarter net income attributed to shareholders was C$246 million, compared to C$640 million in 2014. Earnings per share were C$0.11, lower than C$0.33 a year ago. Net income was significantly impacted by C$250 million of charges...

TELUS Corp. (T.TO, TU) announced, for 2016, the company targets: consolidated revenues of C$12.750 to C$12.875 billion; EBITDA excluding restructuring and other costs of C$4.625-C$4.755 billion; and basic earnings per share in the range of C$2.40 to C$2.56. TELUS is targeting consolidated year-over-year...

Teck Resources Ltd. (TCK_A.TO, TCK) reported Thursday that its fourth-quarter loss attributable to shareholders was C$459 million or C$0.80 per share, compared with a profit of C$129 million or C$0.23 per share in 2014. Total non-cash after-tax impairment charges C$536 million was taken in the fourth...

The U.S. dollar continued to be weaker against its major rivals in the Asian session on Thursday, after U.S. Federal Reserve Chair Janet Yellen acknowledged financial conditions have recently become less supportive of growth, which could delay raising interest rate. In her semi-annual testimony before...

Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Thursday amid rising risk aversion as U.S. Federal Reserve Chair Janet Yellen's dovish comments failed to bolster investor sentiment and amid volatility...

The Canadian dollar weakened against most majors currencies in the Asian session on Thursday. The Canadian dollar fell to 3-week lows of 1.5752 against the euro and 80.72 against the yen, from yesterday's closing quotes of 1.5718 and 81.35, respectively. Against the U.S. dollar, the loonie dropped...

The Australian dollar weakened against the other major currencies in the Asian session on Thursday. The Australian dollar fell to more than a 3-week low of 79.80 against the yen, from yesterday's closing value of 80.38. The aussie edged down to 1.5941 against the euro, from yesterday's closing...

Follow RTT