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Canadian security sources have identified the gunman who was killed by police after he stormed the country's parliament building on Wednesday as Michael Zehaf-Bibeau. A Muslim convert in his early thirties, Bibeau was the son of a Quebec businessman. He was charged multiple times for petty crimes...

The NZ dollar weakened against the other major currencies in the Asian session on Thursday after data showed that consumer prices in New Zealand rose by less than expected in the third quarter of 2014. Data from the Statistics New Zealand showed that consumer prices in New Zealand advanced 0.3 percent...

Open Text Corp (OTEX, OTC.TO) Wednesday reported first-quarter net earnings of $64.7 million or $0.53 per share compared with $30.6 million or $0.26 per share last year. Excluding items, adjusted earnings for the quarter were $0.97 per share compared with $0.69 per share a year ago. Revenues for...

Police in Canada's capital city of Ottawa have launched a massive search operation for possible accomplices of a gunman who was shot and killed by police earlier on Wednesday after he stormed the country's parliament building, according to the local media. Media reports suggest that up to three shooters...

Canadian stocks snapped a four-day gain to end sharply lower Wednesday, on some disappointing data showing an unexpected drop in Canadian retail sales and worries over the health of the global economy prompted investors to trim positions. All major sub-indices ended in the red, led by resource and...

Canadian stocks are lower Wednesday morning, retreating after four successive days of strong gains. Data showing an unexpected drop in Canadian retail sales and worries about the health of the global economy have prompted investors to trim positions. According to a report from Statistics Canada,...

A soldier was been wounded in a shooting spree outside and inside the Canadian parliament in Ottawa on Wednesday. Reports quoting witnesses said a gunman opened fire at a soldier standing guard at the Ottawa War Memorial in the parliament's vicinity, and then running toward the government buildings,...

The Canadian dollar climbed against its major counterparts on Wednesday, trimming its early losses, following the Bank of Canada's decision to maintain interest rates at 1.00 percent, as expected. The Bank Rate will remain at 1.25 percent and the deposit rate at 0.75 percent, it noted. Although...

USD-JPY-10214.jpg The U.S. dollar extended its early rally against most major counterparts on Wednesday, after consumer price inflation in the U.S. unexpectedly showed a modest increase in September, as the continued decline in energy prices were offset by higher prices for food and shelter. The Labor Department report...

As expected, the Bank of Canada kept the interest rates on hold at 1:00 percent. After the decision, the loonie recovered from its early lows against the other major currencies. The loonie was worth 0.9885 against the aussie, 1.4237 against the euro, 95.36 against the yen and 1.1235 against the greenback...

At 10:00 am ET Wednesday, the Bank of Canada will announce its interest rate decision. Economists expect the bank to retain interest rates unchanged at 1.00 percent. The loonie slipped against the other major currencies ahead of the announcement. The loonie was valued at 0.9904 against the aussie,...

Canadian stocks are likely to take a breather Wednesday morning, having rallied sharply in the past few sessions. Investors are looking ahead to the interest rate decision from Bank of Canada, due at 10 am ET. Lingering concerns about eurozone economy and a lack of positive catalysts could drag...

At 8:30 am ET Wednesday, Canada's retail sales data for August has been released. The loonie slipped against the other major currencies after the data. The loonie was trading at 0.9899 against the aussie, 1.4278 against the euro, 95.11 against the yen and 1.1268 against the greenback around 8:33 am ET.

Canada's retail sales data for August is scheduled for release at 8:30 am ET Wednesday. The loonie showed mixed trading against the other major currencies before the data. While the loonie fell against the aussie, it advanced against the rest of major currencies. At 8:25 am ET, the loonie was quoted...

The euro declined against most major currencies in European deals on Wednesday following a media report that around eleven banks from the six European countries are likely to fail in the European Central Bank's stress test results, due on Sunday. Spanish news agency Efe reported that three Greek banks,...