logo

Canadian News

Share

The Canadian stock market ended lower on Friday, extending recent losses, as the Federal Reserve's hawkish policy outlook and the sharp slide on Wall Street weighed on sentiment.

After opening with a big negative gap and plunging further down subsequently, the Canadian market recovered gradually and pared most of its losses as the session progressed.

Canadian shares are likely to open weak Friday morning, tracking lower crude oil prices and weakness in European markets.

Canada new housing price index for May has been released at 8.30 am ET Friday. The loonie changed little against its major counterparts after the data. The loonie was trading at 89.00 against the yen, 0.9292 against the aussie, 1.4713 against the euro and 1.2379 against the greenback around 8:35 am ET.

Canada new housing price index for May is due at 8.30 am ET Friday. Ahead of the data, the loonie traded mixed against its major counterparts. While it rose against the aussie, it held steady against the euro. Against the yen and the dollar, it fell. The loonie was worth 88.97 against the yen, 0.9292...

The Japanese yen drifted higher against its major rivals during the European session on Friday, as investors digested the U.S. Federal Reserve's hawkish shift in monetary policy, signaling earlier rate hikes and winding down of the bond purchase program to rein in inflationary pressures. The Fed penciled...

The Australian dollar fell against its most major opponents in the Asian session on Friday, as investors weighed the prospects of a sooner-than-expected tightening of monetary policy by the U.S. Federal Reserve. The Fed brought forward its projections for interest rate hikes into 2023 and indicated...

The Canadian stock market closed weak on Thursday, dragged down by heavy losses in energy and materials shares after crude oil and bullion prices tumbled on dollar's surge.

The Canadian stock market is down sharply in negative territory in early afternoon trades on Thursday, weighed down by heavy losses in energy and materials shares amid falling commodity prices.

The euro weakened against its most major counterparts in the European session on Thursday amid risk aversion, as the U.S. Federal Reserve signaled an earlier tightening of monetary policy than previously projected amid mounting concerns over inflation. The Fed projected two rate hikes in 2023, compared...

kroger2 17jun21 Kroger Co. (KR) reported a profit for the first-quarter dropped 88.5 percent from last year. Quarterly sales declined 0.6 percent from previous year. Quarterly adjusted earnings per share topped analysts' expectations. The company raised its full year guidance.

Canadian shares look headed for a weak start Thursday morning following a sharp drop in bullion prices as the dollar firmed against other major currencies, reacting to the Federal Reserve's projection of rate hikes by 2023.

The U.S. dollar traded higher against its major counterparts in the Asian session on Thursday, after the U.S. Federal Reserve pushed forward its projections for the interest rate hikes and indicated that policymakers had started discussions about scaling back the bond purchase program amid receding risks...

After swinging between gains and losses during much of the day's session, the Canadian stock market ended flat on Wednesday.

Canadian shares are turning in a somewhat sluggish performance since the session started Wednesday morning, with investors reacting to Canadian inflation data and looking ahead to the Federal Reserve's monetary policy announcement, due later in the day.

Follow RTT