S&P/TSX composite ticks up in late morning trading Wednesday, U.S. markets mixed
Global News
The S&P/TSX composite index was up 19.33 points at 20,570.86.
Canada’s main stock index ticked up in late-morning trading as broad gains outweighed a pullback in technology stocks, while U.S. markets were mixed.
The S&P/TSX composite index was up 19.33 points at 20,570.86.
In New York, the Dow Jones industrial average was up 20.53 points at 35,458.60. The S&P 500 index was down 9.71 points at 4,557.75, while the Nasdaq composite was down 66.69 points at 14,077.87.
The Canadian dollar traded for 75.70 cents UScompared with 75.85 cents US on Tuesday.
The September crude oil contract was up seven cents at US$79.70 per barrel and the September natural gas contract was down eight cents at US$2.66 per mmBTU.
The August gold contract was up US$8.20 at US$1,971.90 an ounce and the September copper contract was down a penny at US$3.91 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.