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TSX Ends Lower As GDP Shrinks -- Canadian Commentary Canadian stocks ended sharply lower for a second straight session on Friday, tracking declining global equity markets even as some weak Canadian gross domestic product data and disappointing U.S. GDP report weighed on investor sentiment. The...

The Canadian stock market is down in early trade Friday, extending the modest losses of the previous session. Weak Canadian GDP data and the disappointing U.S. GDP report are weighing on investor sentiment at the end of the trading week. Data from Statistics Canada showed that Canadian economy contracted...

The Canadian dollar fell sharply against its major rivals on Friday, after data showed that Canadian economy contracted unexpectedly in the first quarter. Data from Statistics Canada showed that Canadian economy contracted a seasonally adjusted 0.6 percent on an annualised basis in the first quarter,...

Scotiabank-BNS-052915.jpg Canadian financial services provider Bank of Nova Scotia or Scotiabank, on Friday reported an increase in profit for the second quarter from last year. The results reflect higher net interest income, increase in banking and wealth management revenues, and the positive impact of foreign currency translation. Both revenue and adjusted earnings per share for the quarter beat analysts' estimates.

At 8:30 am ET Friday, Canada GDP data for the first quarter has been released. After the data, the loonie dropped against the other major counterparts. The loonie was valued at 1.3732 against the euro, 0.9572 against the aussie, 99.09 against the yen and 1.2507 against the greenback around 8:35 am ET.

Canada GDP data for the first quarter is set for release at 8:30 am ET Friday. Before the data, the loonie traded mixed against the other major counterparts. While the loonie held steady against the yen, it dropped against the rest of major rivals. The loonie was quoted at 1.3658 against the euro,...

The euro spiked up against most major currencies in European deals on Friday, as investors monitored ongoing Greek negotiations, with the Mediterranean nation aiming to clinch a deal with its creditors by Sunday. Speaking on the sidelines of G7 meeting, EU Commissioner on Economic Affairs Pierre Moscovici...

Ritchie Bros. (RBA, RBA.TO) announced that Sharon Driscoll will be joining the company as CFO, effective July 6, 2015. The company announced that Rob McLeod, CFO since 2008, will take on a new role as Chief Business Development Officer. Driscoll has over 17 years of senior executive experience, overseeing...

Lowe's Companies, Inc. (LOW) will host its 2015 Annual Meeting of Shareholders at 10:00 AM ET on May 29, 2015. To access the live webcast, log on at http://www.Lowes.com/investor

Canadian financial services provider Bank of Nova Scotia (BNS, BNS.TO) or Scotiabank reported second-quarter net income attributable to equity holders of C$1.76 billion, up from C$1.74 billion last year. Quarterly earnings per share were C$1.42, compared with C$1.39 in the same period a year ago. On...

The U.S. dollar weakened against the other major currencies in the Asian session on Friday, as investors took a breather after recent rally and awaited the release of U.S. GDP data later in the day. The Commerce Department is slated to release second estimate of first quarter GDP data at 8:30 am ET....

The U.S. dollar weakened against the Canadian dollar in the Asian session on Friday. Against the loonie, the greenback fell to a 2-day low of 1.2412 from yesterday's closing value of 1.2433. If the greenback extends its downtrend, it is likely to find support around the 1.21 area.

Canadian stocks rallied towards the close but still ended a tad lower on Thursday, tracking declining global equity markets, driven by losses in mining and industrial stocks. Traders also mulled over some soft data from the U.S. with initial claims for unemployment benefits rising more than expected...

The Canadian stock market was up in early trade Thursday, but has since fallen into negative territory. The majority of Canadian sectors are under pressure, led by losses in mining and industrial stocks. Global equity markets have turned lower Thursday, following the gains of the previous session. European...

The U.S. dollar held firm against its major rivals on Thursday, despite data showing an increase in initial jobless claims in the week ended May 23, as investors seemed confident on steadily improving labor market. The Labor Department released a report showing that initial jobless claims edged up...

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