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The Japanese yen continued to be weak against the other major currencies in the Asian session on Monday after U.S. Federal Reserve Chair Janet Yellen said in her speech last Friday that the case for another interest rate hike has strengthened. The Federal Open Market Committee "continues to anticipate...

The Japanese weakened against the other major currencies in the Asian session on Monday. The yen fell to near 4-week lows of 114.48 against the euro and 134.16 against the pound, from Friday's closing quotes of 113.89 and 133.55, respectively. Against the U.S. and the Canadian dollar, the yen...

Logan International Inc. (LII.TO) announced that it has entered into definitive agreement with a wholly-owned subsidiary of Rubicon Oilfield International Holdings, L.P., pursuant to which Rubicon will acquire Logan for C$1.49 per share.The transaction is expected to close on or about October 21, 2016. The...

Canadian stocks were flat for second day Friday amid growing speculation the Federal Reserve will raise interest rates in the next few months. The S&P/TSX Composite Index was up 9.16 points, or 0.06 percent, to 14,639. Financials were flat despite this week's strong bank earnings. Energy shares...

The Canadian stock market is breaking out in reaction to comments from Federal Reserve Chair Janet Yellen, along with the rest of the global markets this morning. Precious metal prices are surging as an increase in U.S. interest rates appears more likely after Yellen's comments. Gold stocks are the top...

The U.S. dollar reversed from its recent highs and fell back against its major counterparts in New York trading on Friday, despite hawkish remarks from Federal Reserve Chairman Janet Yellen hinting at the chances for another interest rate hike in coming months. "In light of the continued solid performance...

Canadian stocks were poised for a lackluster open Friday morning ahead of Janet Yellen's closely watched speech from Jackson Hole. In corporate news, Kinross Gold (K.TO) has suspended operations at a mine in Chile due of a dispute involving water use. Fairfax Financial bought 3.5 million shares...

Erasing early losses, the Australian dollar traded higher against most major rivals in early New York trading on Friday. The aussie climbed to a 3-day high of 0.9874 against the loonie and an 8-day high of 1.4731 against the euro, off its early lows of 0.9834 and 1.4816, respectively. The aussie...

The Canadian dollar drifted higher against most major counterparts in European trading on Friday. The loonie rose to a 2-day high of 1.4543 against the euro, 4-day high of 77.97 against the yen and a 3-day high of 1.2877 against the greenback, from its early lows of 1.4583, 77.76 and 1.2922, respectively....

The U.S. dollar fell against its major counterparts in pre-European trading on Friday, as investors await rate hike clues from Fed chair Janet Yellen in her speech in Jackson Hole symposium later today. Investors are looking for hints about trajectory of interest rate hike from Yellen's address against...

The U.S. dollar drifted lower against its major opponents in pre-European deals on Friday. The greenback fell to a 2-day low of 1.1308 against the euro at 2:15 am ET, compared to Thursday's closing value of 1.1279. The greenback reversed from an early high of 100.59 against the yen and was trading...

Pharma-082616.jpg Shares of Vanda Pharmaceuticals Inc. (VNDA) soared more than 20% on Thursday, following a favorable verdict in the patent litigation against Roxane Laboratories Inc. related to schizophrenia drug Fanapt.

Canadian stocks continued to struggle Thursday despite rebounding oil prices and strong earnings big banks. Talk of a U.S. interest rate hike kept markets in a cautious mood after KC Fed President Esther George said it was time to tighten. The S&P/TSX Composite Index was up 4 points, or 0.03 percent,...

The Canadian stock market began Thursday's session in the red, but has since pared its early losses and turned positive. Gold stocks are recovering some ground following yesterday's sell-off, despite the continued dip in gold prices this morning. Healthcare stocks are also gaining ground in early trade. Markets...

The U.S. dollar trimmed its early losses against its most major counterparts in European deals on Thursday, after data showed that U.S. durable goods orders surged up in July and weekly jobless claims declined in the week ended August 20 before the Fed Chair Janet Yellen's speech at the Fed's annual...

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