S&P/TSX composite up in late morning trading, U.S. stock markets also up
Global News
The S&P/TSX composite index was up 77.90 points at 18,698.92.
Canada’s main stock index was up in late-morning trading, boosted by gains led by the industrial and technology sectors, while U.S. stock markets also climbed higher.
The S&P/TSX composite index was up 77.90 points at 18,698.92.
In New York, the Dow Jones industrial average was up 171.58 points at 30,357.40. The S&P 500 index was up 20.77 points at 3,698.72, while the Nasdaq composite was up 50.09 points at 10,725.89.
The Canadian dollar traded for 72.57 cents US compared with 72.83 cents US on Monday.
The December crude contract was down US$2.91 at US$81.62 per barrel and the November natural gas contract was down eight cents at US$5.92 per mmBTU.
The December gold contract was down US$8.60 at US$1,655.40 an ounce and the December copper contract was down five cents at US$3.36 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.