The Canadian stock market rallied on Friday as resource prices rose and some solid economic data eased jitters about the pace of global economic recovery. The move in commodities supported the resource-heavy index as base-metal miners advanced by 4.3%, and energy shares climbed by 1.1%. The price of oil jumped above $76 a [...]

The Federal Reserve or Fed in the United States yesterday inched closer to introducing new steps to bolster a sluggish U.S. economic recovery, saying it stood ready to provide more support for the economy and expressing stronger concerns about the low levels of inflation.
The U.S. central bank opened the door wider to pumping [...]

Canada’s stock market closed slightly lower on Friday, pulled down by the influential financial and gold sectors, while BlackBerry-maker Research In Motion (RIM) hung on to only a small gain after being up strongly early in the day on robust quarterly earnings results. On the data front, sentiment was soured by figures showing muted [...]

The Canadian stock market ended higher for the 1st time in 4 days on Friday during the holiday shortened week, supported by strength in oil prices following a shutdown of a major pipeline supplying Canadian oil to the United States. Oil prices rose more than 2% to $76 a barrel after a leak on [...]

Canada’s stock market inched higher last Friday advancing for an 8th straight day as a stronger than expected U.S. employment report eased fears about a slow global economic recovery. Data showed U.S. nonfarm employment fell less than forecast in August, while private payrolls growth was higher than expected.
Financials which are highly correlated to the [...]