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Canadian stocks plunged sharply on Tuesday as growing concerns about the newly detected coronavirus variant following doubts about the efficacy of existing Covid-19 vaccines against Omicron triggered heavy selling across the board.

The Canadian stock market is down sharply around noon on Tuesday due to widespread selling amid growing concerns about the newly detected coronavirus variant following doubts about the efficacy of existing Covid-19 vaccines against Omicron.

Following the release of Canada GDP data for the third quarter at 8:30 am ET Tuesday, the loonie changed little against its major rivals. The loonie was trading at 88.18 against the yen, 1.2785 against the greenback, 1.4530 against the euro and 0.9133 against the aussie around 8:34 am ET.

Canada GDP data for the third quarter is due at 8:30 am ET Tuesday. Ahead of the data, the loonie traded mixed against its major opponents. While it fell against the aussie, it was steady against the rest of major rivals. The loonie was worth 88.26 against the yen, 1.2782 against the greenback, 1.4522...

Medtronic Canada ULC, a subsidiary of medical technology firm Medtronic plc (MDT), announced Tuesday it has received a Health Canada licence for the GI Genius intelligent endoscopy module. The transformative Artificial intelligence (AI) system enhances colorectal cancer detection capabilities. GI...

Weakness in global markets, lower futures and commodity prices point to a negative start for Canadian shares on Tuesday.

The U.S. dollar dropped against its major counterparts in the European session on Tuesday, while the Japanese yen climbed, as a warning from Moderna Chief Executive Officer about the efficacy of the current vaccines to resist the Omicron coronavirus variant triggered a sell-off in European shares. In...

While reporting financial results for the fourth quarter and fiscal 2021 on Tuesday, Canadian lender Bank of Nova Scotia (BNS.TO, BNS), called Scotiabank, announced a dividend of C$1.00 per share on the outstanding shares of the Bank, payable January 27, 2022 to shareholders of record at the close of...

The Australian and NZ dollars weakened against their major counterparts in the Asian session on Tuesday, as risk sentiment dampened following comments from Moderna Chief Executive Officer Stephane Bancel that existing vaccines would be much less effective to combat the omicron coronavirus strain. In...

The Canadian stock market retreated after opening higher Monday morning, but recovered soon thereafter and spent the rest of the day's session in positive territory.

After opening on a positive note, the Canadian stock market pared gains and slipped into negative territory Monday morning, weighed down by losses in healthcare and financial shares.

Firm commodity prices and a positive trend in European markets point to a higher start for Canadian shares Monday morning.

The Australian and NZ dollars moved up against their most major counterparts in the Asian session on Monday, as calm returned to markets, with investors assessing that Friday's sell-off following Omicron's discovery had gone too far. Some of the concerns over the omicron COVID-19 strain eased after...

biomarin nov29 Just when everyone thought that the worst of the Covid-19 pandemic may be behind us, the emergence of Omicron, a new coronavirus variant, is causing global concern. Detected first in South Africa on November 24, 2021, Omicron cases have now been reported in at least 15 countries.

Responding to the Canada Energy Regulator's (CER) November 26, 2021 decision to deny the implementation of contracting for firm service on the Enbridge Canadian Mainline system, Enbridge Inc. (ENB, ENB.TO) said that it will re-engage with stakeholders to receive input on key objectives and variables...

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