Tag: Loonie

North American stock markets open trading day lower, loonie down

TORONTO – Canada’s main stock index plunged at the start of trading as stocks in the key financial and industrial sectors sank lower, while U.S. markets also stepped back. The S&P/TSX composite index was down 211.30 points at 14,291.91. In New York, the Dow Jones industrial average was down 282.42 points at 22,965.55. The S&P…

JPMorgan backs loonie versus yen amid Central Bank triple crown

A trio of central bank policy decisions in the days ahead has JPMorgan Chase & Co. bracing for Canadian dollar gains versus the yen. Consensus expectations are for the Federal Reserve to cut rates this week, and for the Bank of Canada and Bank of Japan to hold steady. JPMorgan economist Hiroshi Ugai, however, said…

TSX falls on weaker gold prices but loonie rises on strong jobs report

TORONTO – Canada’s main stock index was weighed down Friday by weakening gold prices but the loonie climbed to its highest level in more than a month following a strong jobs report. The Canadian dollar traded at an average of 75.91 cents US, the highest level since July 30, and compared with an average of…

Toronto and U.S. stock markets close higher, loonie edges lower

By The Canadian Press Tues., Oct. 30, 2018 TORONTO — The industrials sector lead a broad rally in Canada’s main stock index Tuesday that saw it join gains of more than one per cent in major U.S. markets. The gains across North American markets came after a rocky stretch in recent weeks as investors digest…