Canada’s main stock market hit its highest level in nearly 2 weeks yesterday as a rise in the price of oil helped push up shares of energy companies. Energy shares rallied alongside a surge in oil prices to near $73 a barrel after data showed crude stocks in the United States fell more than [...]

Canada’s main stock market finished relatively unchanged yesterday as investors booked gains, offsetting the boost from higher oil prices which gave energy shares a lift. There was a pullback in bank shares following gains from the previous day after news that Abu Dhabi threw debt-laden neighbor Dubai a $10 billion lifeline.
Investors will likely not [...]

Canada’s main stock index ended lower on Friday as a decision by Canada to allow upstart Globalive to offer wireless service opened up competition in the telecoms sector and dragged down shares of existing mobile carriers as the industry will now need to deal with more competition in the sector. Shares of Rogers Communications [...]

Canadian stock markets rallied late in the day to end slightly higher yesterday as the financial sector pared initial losses as debt concerns weigh and a weaker U.S. dollar spurred mining shares higher. The financial and energy sectors finished down 0.59% and 0.55% respectively, with the declines in the energy sector attributable to a [...]

The Canadian stock market ended the day sharply lower yesterday as the resource heavy S&P/TSX Composite index was hit hard by sliding commodity prices as the U.S. dollar strengthened. Investors worried about downgrades to government credit ratings in the United States and the United Kingdom. The S&P/TSX composite index dropped 120.7 points [...]

Canada’s main stock market was little changed yesterday as shares of big fertilizer makers Potash and Agrium rose on broker upgrades while gold miners followed bullion prices lower. Energy shares also fell alongside weaker oil prices, dragging energy stocks lower was a 2% slide in oil prices to below $74 a barrel. Oil [...]

Canada’s main stock index dropped on Friday as a slide in commodity prices hurt the resource-heavy stock market but the index still posted a gain on the week. The sharp pullback was led by gold miners as the price of the precious metal fell more than 3% after the U.S. dollar rallied on data [...]

Canadian stock markets fell yesterday ending a 2 day rally, as a decline in commodity prices erased an earlier rally in the day that had lifted the resource-heavy index to its highest level in over 14 months. Shares of EnCana led major decliners a day after EnCana completed its split into separate gas and [...]

Canada’s main stock index rose to its highest level in more than 14 months yesterday as a surge in gold prices pushed up gold-mining shares. Shares of Barrick Gold led after the company said it had eliminated its fixed-price hedge book (they raised almost $6 billion a couple of months ago in order to [...]

Canadian stock markets posted a very strong advance yesterday and hit a high for the year while the Canadian dollar pushed higher. Stocks and the Canadian dollar received a boost from record gold prices and stronger oil prices as investors renewed their appetite for risk taking after worries over Dubai’s debt waned. Worries [...]