logo

Canadian News

Share

-

The U.S. dollar strengthened against its major rivals in the early European session on Thursday, as heightened tensions between the U.S. and China dampened risk sentiment. Tensions flared up after the Trump administration barred Chinese airlines from flying into the U.S. from June 16 in retaliation...

Multinational cannabis company Clever Leaves International Inc. intends to list on Nasdaq through a merger with Schultze Special Purpose Acquisition Corp. (SAMA, SAMAW, and SAMAU). Schultze Special Purpose Acquisition or SAMA and Clever Leaves said they have signed a letter of intent or LOI to enter...

whitehouse jun04 Today's Daily Dose brings you news about the finalists in 'Operation Warp Speed' COVID-19 vaccine program; FDA approval of Fitbit Flow ventilator for emergency use; an update on Cassava's phase IIb study of PTI-125 in patients with Alzheimer's disease and promising initial data from Kezar Life's MISSION trial.

As Canadian stocks stayed firm right through the session amid rising optimism that the economy will recover as businesses reopen after weeks of lockdown, the benchmark S&P/TSX Composite Index hit a 3-month high and ended on a buoyant note on Wednesday.

The Canadian market is up firmly in positive territory in late morning trades Wednesday after opening on a strong note amid continued optimism about an economic recovery thanks to reopening of businesses after a prolonged lockdown.

The Canadian dollar advanced against its most major counterparts in the New York session on Wednesday, after the Bank of Canada left its interest rate unchanged, saying that the impact of the COVID-19 pandemic seemed to have peaked. The BOC maintained its benchmark rate at 0.25 percent, as expected. The...

As expected, the Bank of Canada maintained the benchmark rate at 0.25 percent. The loonie advanced against its major rivals after the decision. The loonie was trading at 80.52 versus the yen, 1.5143 versus the euro, 1.3493 versus the greenback and 0.9323 versus the aussie around 10:04 am ET.

At 10:00 am ET Wednesday, the Bank of Canada announces decision on interest rates. Economists forecast the benchmark rate to remain at 0.25 percent. The loonie traded mixed against its major rivals before the decision. While it fell versus the euro, it held steady against the rest of major rivals. The...

Higher futures and firm global markets amid optimism about economic recovery following gradual reopening of businesses point to a positive start for the Canadian market on Wednesday. The focus will be Bank of Canada's interest rate decision, due at 10 AM ET.

The euro spiked up against its major rivals in the European session on Wednesday, as investors await more stimulus from the European Central Bank and encouraging services sector data from China and Europe bolstered risk sentiment. The services Purchasing Managers' Index for China advanced to 55.0...

-

The Australian dollar climbed against its major counterparts in the Asian session on Wednesday, as China's services sector returned to expansion last month for the first time since January, signaling recovery in economic activity from the coronavirus crisis. The Caixin/Markit services Purchasing Managers'...

pharma 032218 03jun20 Today's Daily Dose brings you news about Agenus' foray into COVID-19 drug development space; AMERI Holdings' progress in glioblastoma multiforme drug development; BrainStorm Cell's anticipated milestone related to its amyotrophic lateral sclerosis drug candidate; Citius Pharma's path forward for antibiotic lock solution; Novartis' revised FDA decision date and stock offerings of EvoFem and OraSure

The Canadian stock market ended on a bright note on Tuesday after trading firm right through the session amid optimism the reopening of businesses across the world will help put the economy back on track.

Follow RTT