Category: Financial

Case for interest rate hike builds with resilient inflation data: analysts

Editor
Case for interest rate hike builds with resilient inflation data: analysts
OTTAWA — The country showed signs of growing price pressures last month with inflation staying strong and its underlying pace grinding higher — both of which propped up expectations that higher interest rates are on the way. The annual inflation rate for August receded somewhat to 2.8 per cent, easing from July’s three per cent pace that marked Canada’s highest reading in seven years. Last month’s step back was... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,214.75,  up 64.83 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up $1.38, or 12.70 per cent, to $12.25 on 56.5 million shares. RNC Minerals. (TSX:RNX). Metals. Up four cents, or 10.4 per cent, to 42.5 cents on 27.5 million shares. Neovasc Inc. (TSX:NVCN). Health care. Up a half of a cent, or... Read More

Toronto stocks edge higher, while Dow posts triple-digit gain; Loonie up

Editor
Toronto stocks edge higher, while Dow posts triple-digit gain; Loonie up
TORONTO — Gains in the financial, health care and industrials sectors helped Canada’s main stock index edge higher in late-morning trading, while U.S. markets surged higher. The S&P/TSX composite index was up 9.54 points at 16,159.46. In New York, the Dow Jones industrial average was up 218.40 points at 26,624.16. The S&P 500 index was up 17.10 points at 2,925.05,... Read More

BMO chief executive worried about trade, but confident about NAFTA deal

Editor
BMO chief executive worried about trade, but confident about NAFTA deal
TORONTO — The chief executive of the Bank of Montreal says that while the Canadian economy is showing positive growth in almost every province, one economic headwind worries him the most: trade. But as Canada’s negotiating team in Washington continues to try and bridge a divide that’s keeping the country out of a North American free trade pact, Darryl White says he believes a deal will eventually come... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,149.92, down 46.12 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 15 cents, or 1.36 per cent, to $10.87 on 112 million shares. Aphria Inc. (TSX:APH). Health care. Down $1.52, or 7.31 per cent, to $19.28 on 18.2 million shares. RNC Minerals. (TSX:RNX). Metals. Down four cents, or 9.41 per cent, to 38.5... Read More

Higher crude oil prices pushes the Canadian dollar high; TSX essentially flat

Editor
Higher crude oil prices pushes the Canadian dollar high; TSX essentially flat
TORONTO — Higher crude oil prices pushed the Canadian dollar higher and helped Canada’s main stock index to overcome decreases among forestry, industrial and cannabis stocks. The S&P/TSX composite index lost 46.12 points to 16,149.92. In New York, the Dow Jones industrial average gained 158.80 to 26,405.76. The S&P 500 index was up 3.64 points to 2,907.95, while the Nasdaq composite was... Read More

Materials and health-care sectors boost stocks in Toronto, loonie trades higher

Editor
Materials and health-care sectors boost stocks in Toronto, loonie trades higher
TORONTO — The materials and health-care sectors helped Canada’s main stock index mover higher in late-morning trading, while the industrials sector stepped lower. The S&P/TSX composite index was up 17.27 points at 16,213.31. In New York, the Dow Jones industrial average was up 170.25 points at 26,417.21. The S&P 500 index was up 2.57 points at 2,906.88, while the Nasdaq... Read More

Proposed class action lawsuit on trailing commissions filed against CIBC

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Proposed class action lawsuit on trailing commissions filed against CIBC
TORONTO — A class action lawsuit regarding trailing commissions paid to discount brokers on CIBC mutual funds has been proposed against the Canadian Imperial Bank of Commerce and CIBC Trust Corp. The lawsuit alleges investors who hold the mutual funds in discount brokerages receive no value for the trailing commissions paid. The allegations have not been proven in court. The... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,196.04, up 113.73 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up $1.04, or 10.4 per cent, to $11.02 on 61.3 million shares. RNC Minerals. (TSX:RNX). Metals. Up 2.5 cents, or 6.25 per cent, to 42.5 cents on 18.2 million shares. Coro Mining Corp. Rights. (TSX:COP.RT). Metals. Down half of a cent, or 50... Read More

Trade optimism drives Toronto market to largest daily gain since mid-July

Editor
Trade optimism drives Toronto market to largest daily gain since mid-July
TORONTO — Canada’s main stock market posted its largest daily gain in more than two months on Tuesday as trade optimism produced a relief rally. There is anecdotal evidence from the United States and Canada that they are closer to some sort of deal even though there is no concrete evidence, said Sid Mokhtari with CIBC Capital Markets. “The market does have... Read More