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The Australian dollar strengthened against the other major currencies in the Asian session on Monday. The Australian dollar rose to a 4-day high of 1.0691 against the NZ dollar, from Friday's closing value of 1.0653. Against the U.S. dollar and the yen, the aussie advanced to 0.7694 and 86.30...

Feb24-022417.jpg Cempra Inc.'s oral Fusidic acid has met the primary endpoint in a phase III study of ABSSSI.

Canadian stocks were hammered Friday, giving back a big chunk of their recent gains as traders bet equities were overvalued. The TSX Composite Index plunged 247.73 points, or 1.57 percent, to 15,533.47, falling further from record highs seen earlier this week. However, U.S. stocks raced higher...

The Canadian stock market is under heavy pressure Friday morning, turning in a triple digit loss. Nearly every Canadian sector is trading in the red, with the exception of the gold sector. The continued rise in gold prices is providing a boost to gold stocks. Meanwhile, the energy sector is under...

Bay Street remains on edge Friday morning amid worries the rally in U.S. equities is nearing an end. Markets on both sides of the border are showing signs of strain amid valuation concerns, as all major stock indices hit record highs of late. Energy stocks may struggle today, as WTI light sweet...

Statistics Canada has released the Canada consumer price inflation data for January at 8:30 am ET Friday. Following the data, the loonie rose against its major counterparts. The loonie was trading at 1.3863 against the euro, 1.3067 against the greenback, 1.0038 against the aussie and 85.82 against...

Statistics Canada is set to release Canada consumer price inflation data for January at 8:30 am ET Friday. The inflation is forecast to rise 0.3 percent on month, following a 0.2 percent decline in December. Ahead of the data, the loonie traded mixed against its major counterparts. While the loonie...

MacDonald, Dettwiler and Associates Ltd. (MDA.TO) and DigitalGlobe, Inc. (DGI) announced a merger agreement, pursuant to which MDA will acquire DigitalGlobe for $35.00 per share in a combination of cash and stock. The transaction values DigitalGlobe at an equity value of approximately C$3.1 billion or...

The euro strengthened against the other major currencies in the pre-European session on Friday. The euro rose to 1.0654 against the Swiss franc and 0.8435 against the pound, from an early 2-day lows of 1.0638 and 0.8422, respectively. The euro edged up to 119.49 against the yen, from an early...

Canadian low-cost gold producer Eldorado Gold Corp. (EGO, EGO.TO) on Thursday reported a loss for the fourth quarter that narrowed from last year when results were impacted by a hefty impairment charge. Fourth-quarter loss attributable to shareholders of the company was $32.5 million or $0.05 per...

Global Blood Therapeutics Inc. (GBT) has offered to sell 5.10 million shares of its common stock to the public at a price of $24.50 each.

Canadian stocks were lower for a second session Thursday, easing from record highs seen earlier this week. Amid concerns about the global economy, traders booked profits after a run-up in financials and industrials. The S&P/TSX Composite Index was down 49.02 points to 15,781.20, having pulled up shy...

The Canadian stock market got off to a positive start Thursday, following yesterday's pullback, but has since pared its early gains. Energy and gold stocks are leading the way higher this morning, as commodity prices have rebounded. However, industrial and information technology stocks are falling this...

Canadian stocks are poised to snap back Thursday morning after ending a win streak in the previous session. The TSX Composite dropped 75 points from a record high near 16,000 Wednesday, but rising oil and gold prices should give resource stocks a boost. Canadian Imperial Bank of Commerce (CM.TO)...

The Australian dollar weakened against other major currencies in the Asian session on Thursday, after data showed that the private capital expenditure in Australia dropped unexpectedly on quarter in the fourth quarter of 2016. Data from the Australian Bureau of Statistics showed that the private...

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