Canada’s main stock index edged up 0.24% in a yo-yo session on Friday as gains in financial stocks overcame investor jitters over a possible debt default by the state-owned Dubai conglomerate. Financials rebounded from losses on Thursday when Dubai, a part of the United Arab Emirates federation, asked to delay payment on billions of [...]

Canada’s main stock index fell by 200 points yesterday as debt concerns in Dubai and job cuts at two big Canadian companies heightened anxiety about the stability of the current economic recovery. Financial stocks were among the hardest hit as investors wondered if banks had any exposure to bad debt in the Gulf. The [...]

Today will be a very interesting day in stock markets as the U.S. stock market is closed for Thanksgiving and will only open for a ½ day tomorrow. Overnight, Dubai’s attempt to reschedule its debt rattled investors seeking higher returns in emerging markets. The Shanghai Composite Index slumped 3.6% on the news, its biggest [...]

Canada’s main stock index fell yesterday, dragged lower by weakness in the energy & metals sectors. The index was also weighed down by data showing a slow recovery in the United States economy. Canadian bank stocks ended mixed after an early rise driven by news of a 16% increase in Bank of Montreal’s [...]

Canada’s main stock index advanced yesterday but “pared” early gains, touching its highest level in nearly 14 months as an early rally in oil prices powered energy stocks, while financials gained ground ahead of bank earnings reports. Despite a late retreat by oil prices which ended marginally higher after being up as much as [...]

Canada’s main stock index fell on Friday as weaker oil prices, caused partly by a stronger U.S. dollar, weighed on resource issues. Oil prices fell below $77 a barrel, with the U.S. dollar rising for a 2nd straight day as investors reduced their risk tolerance. The S&P/TSX composite index ended down 0.18%, with [...]

Canada’s main stock index dropped yesterday as oil prices fell and Manulife Financial surprised and unnerved investors by announcing a surprise, C$2.5 billion stock offering in order to fortify their balance sheet. Manulife shares fell 6.1%, Manulife is North America’s largest life insurer and they acknowledged that the equity issue would dilute its earnings [...]

Canada’s main stock market finished higher yesterday, after “flirting” with break-even for most of the afternoon, following early buying that sent the resource-heavy index to a 13-month high. The market has done very well here in the past couple of weeks and each time it does well it takes a pause. The fact that [...]

Canada’s main stock index rose yesterday as commodity prices ticked higher and shares of Potash rallied after billionaire investor George Soros’s hedge fund raised its stake in the company. The news was a bullish indication for investors who pushed the stock price higher. Strength in commodity-linked stocks came as the price of oil [...]

The Canadian stock market opened strong and never looked back as the bulls remained firmly in control and the main index rose sharply for a 2nd day on hopes the global economic recovery is taking hold. The S&P/TSX Composite Index ended Monday up 104.58 points to 11,512.26 or 0.91%. Manufacturing sales rose [...]