Energy stocks help lift S&P/TSX composite as oil tops US$70 a barrel
Global News
The S&P/TSX composite index was up 44.31 points at 20,199.60.
Energy stocks helped lift Canada’s main stock index higher in late-morning trading as the price of oil also rose to top US$70 a barrel.
The S&P/TSX composite index was up 44.31 points at 20,199.60.
U.S. stock markets are closed for the Independence Day holiday.
The Canadian dollar traded for 75.68 cents US compared with 75.53 cents US on Friday.
The August crude oil contract was up US$1.37 at US$71.16 per barrel and the August natural gas contract was up four cents at US$2.75 per mmBTU.
The August gold contract was up US$6.00 at US$1,935.50 an ounce and the September copper contract was down less than a penny at US$3.79 a pound.
A weaker Canadian dollar tied to Donald Trump's victory could be inflationary north of the border, which could make our central bank more hesitant to cut rates too quickly.
The employee was indicted for allegedly distributing personal information of TD Bank customers, the latest criminal probe to hit the U.S. arm of the Canadian financial institution.
Stock markets were rising broadly higher on news of Donald Trump's U.S. election victory on Wednesday. Here's how investors say you should adjust your portfolio.
The Bank of Canada's Carolyn Rogers says improving housing affordability ultimately requires reaching a balance between supply and demand, which she says will take time.
Donald Trump was previously a crypto skeptic but changed his mind and took a favorable view of cryptocurrencies ahead of the election.
Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans.
Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans.
Bell Canada will use $4.2 billion of the proceeds it got from selling its stake in Maple Leaf Sports & Entertainment to Rogers Communications to fund this acquisition.
With the costs of pet ownership rising, the Competition Bureau sees an opportunity to drive down the prices of medication by expanding distribution to pharmacies.
Major North American carriers with international operations are cashing in on a booming demand for overseas travel and a resurgence in business bookings.