Yahoo! Canada Finance: Currency News

Energy helps send TSX down 133 points as BCE takeover price confirmed

Fri, 04 Jul 2008 22:28:00 GMT

The Canadian Press - TORONTO - The Toronto stock market closed lower Friday as energy stocks continued to retreat, but losses on the TSX were sharply pared because of a jump in BCE Inc. (TSX:BCE) shares after the telecom company reached a final agreement with the group seeking to buy it..

Canadian dollar ends session, and week, lower

Fri, 04 Jul 2008 20:25:00 GMT

Reuters - TORONTO (Reuters) - The Canadian dollar limped to a lower close versus the U.S. dollar on Friday and capped off its first losing week in three after a thin, quiet session in which moves were amplified because U.S. markets were closed for Independence Day.

Energy stocks pressure TSX;BCE surges on approval of $42.75 sale price

Fri, 04 Jul 2008 19:04:00 GMT

The Canadian Press - TORONTO - The Toronto stock market pared early losses but remained in the red Friday afternoon, with a jump in the stock of BCE Inc. (TSX:BCE) providing major support after the telecom company reached a final agreement with the group seeking to buy it..

Euro-dollar rate is stable in thin trading

Fri, 04 Jul 2008 17:59:00 GMT

AFP - LONDON (AFP) - The dollar was stable against the euro here Friday, with the single currency hurt by a weak reading on German industrial orders.

Resource stocks punish TSX; BCE up strongly as $42.75 buyout price confirmed

Fri, 04 Jul 2008 16:08:00 GMT

The Canadian Press - TORONTO - Falling energy stocks led the way to a negative session on the Toronto stock market Friday morning but losses were limited by a 13 per cent runup in BCE Inc. (TSX:BCE) shares.

TSX lower; losses limited by BCE on confirmation of $42.75 buyout price

Fri, 04 Jul 2008 15:34:00 GMT

The Canadian Press - TORONTO - The Toronto stock market moved lower Friday morning with declines led by the resource sector as commodity stocks continue to fall out of favour on worries about deteriorating global economic conditions.

Quiet day in prospect for Bay Street as U.S. traders take Independence Day off

Fri, 04 Jul 2008 15:10:00 GMT

The Canadian Press - TORONTO - With Wall Street on holiday for the Fourth of July, Canadian financial markets were likely to be quiet on American Independence Day.

Oil slips below US$145 a barrel as American dollar gains on euro, yen

Fri, 04 Jul 2008 15:06:00 GMT

The Canadian Press - Oil prices slipped back below US$145 a barrel Friday as the U.S. dollar strengthened slightly against the euro and the Japanese yen.

Canadian dollar higher in thin trade

Fri, 04 Jul 2008 13:54:00 GMT

Reuters - TORONTO (Reuters) - The Canadian dollar was a touch higher versus the U.S. dollar on Friday as it recouped losses from the previous session, but its move was exaggerated in thin volume as U.S. markets are closed for Independence Day.

Dollar ends week higher

Fri, 04 Jul 2008 10:36:00 GMT

AFP - LONDON (AFP) - The dollar inched higher against the euro and yen on Friday in muted trade as the United States celebrated its independence a day after the US currency surged.

Euro zone rate rise signals ECB serious: policymakers

Fri, 04 Jul 2008 09:26:00 GMT

Reuters - FRANKFURT (Reuters) - The European Central Bank's interest rate rise sends a signal that it is serious about combating inflation, policymakers said as they staged a public relations offensive to justify Thursday's increase.

Venezuela's Chavez says oil prices will keep rising, attacks falling US dollar

Fri, 04 Jul 2008 00:03:00 GMT

The Canadian Press - CARACAS, Venezuela - Venezuelan President Hugo Chavez said Thursday that oil prices will continue spiralling upward as world reserves decline and consumption in wealthy countries including the United States climbs.

Canada dollar slides, ECB comments boost greenback

Thu, 03 Jul 2008 22:02:00 GMT

Reuters - TORONTO (Reuters) - The Canadian dollar fell versus a stronger U.S. dollar on Thursday as the European Central Bank struck a less aggressive tone than expected on prospects for interest rate hikes this year, which triggered a rally in the greenback.

Financials help TSX to a positive close; NY mainly higher on jobs data

Thu, 03 Jul 2008 20:37:00 GMT

The Canadian Press - TORONTO - A late day burst of strength in bank stocks helped the Toronto stock market claw back some of Wednesday's tumble which was sparked by worries about slowing economic conditions.

TSX higher but selling pressure continues on mining stocks;NY up on jobs data

Thu, 03 Jul 2008 19:48:00 GMT

The Canadian Press - TORONTO - The Toronto stock market was slightly higher mid-afternoon Thursday as commodity stocks lost ground for a second day on worries about how slowing economic conditions will cut demand.

Dollar sees bounce after US jobs data, ECB comment

Thu, 03 Jul 2008 19:37:00 GMT

AFP - NEW YORK (AFP) - The dollar rose sharply Thursday after a US labor market report that was not as bad as feared and indications that a European Central Bank rate hike may be the last for some time.

TSX flat as selling pressure continues on mining stocks;NY finishes higher on data

Thu, 03 Jul 2008 19:01:00 GMT

The Canadian Press - TORONTO - The Toronto stock market was little changed mid-afternoon Thursday as commodity stocks lost ground for a second day on worries about how slowing economic conditions will cut demand.

Mining stocks keep TSX negative; N.Y. closes higher ahead of holiday

Thu, 03 Jul 2008 18:28:00 GMT

The Canadian Press - TORONTO - New York stock markets closed mainly higher in an abbreviated session ahead of the July 4 holiday as investors got a lift from jobs data that generally met expectations.

Euro weakens on prospects for eurozone rate stability

Thu, 03 Jul 2008 17:27:00 GMT

AFP - LONDON (AFP) - The euro weakened against the dollar Thursday, despite a hike in eurozone interest rates, as dealers focused on comments from the head of the European Central Bank suggesting further rate rises were not imminent.

TSX flat after three per cent retreat;NY up on jobs data

Thu, 03 Jul 2008 15:41:00 GMT

The Canadian Press - TORONTO - It was another volatile session on the Toronto stock market Thursday as the TSX turned flat after selling off earlier in the morning.

TSX selloff enters second day; N.Y. modestly higher on steady jobless rate

Thu, 03 Jul 2008 14:40:00 GMT

The Canadian Press - TORONTO - A selloff across almost all sectors sent the Toronto stock market sharply lower for a second day Thursday on worries about how slowing economic conditions will cut demand for commodities, including oil.

Canada dollar down after ECB rate hike, U.S. data

Thu, 03 Jul 2008 14:01:00 GMT

Reuters - TORONTO (Reuters) - The Canadian dollar fell versus the U.S. dollar on Thursday after data from south of the border was mainly in line with expectations while the European Central Bank did as expected and hiked interest rates.

TSX opens lower following 433-point rout;NY up as jobs data meets expectations

Thu, 03 Jul 2008 13:57:00 GMT

The Canadian Press - TORONTO - The Toronto stock market continued to drop Thursday morning with investors inclined to do little following a broad-based selloff Wednesday that carved three per cent from the main index.

Stocks look for positive open as U.S. jobs report meets expectations

Thu, 03 Jul 2008 13:27:00 GMT

The Canadian Press - TORONTO - Stock markets headed for a higher open Thursday as U.S. employment data met expectations and the Toronto market aimed to recover after a major mauling on Wednesday.

Don't blame the buck for high oil price: Paulson

Thu, 03 Jul 2008 12:54:00 GMT

Reuters - LONDON (Reuters) - A weaker dollar cannot be blamed for soaring oil prices as policymakers around the world tussle with the twin specters of rising inflation and slowing growth, U.S. Treasury Secretary Henry Paulson said on Thursday.

Stock market outlook shaky as oil hits new high, traders await U.S. jobs data

Thu, 03 Jul 2008 12:39:00 GMT

The Canadian Press - TORONTO - Another day, another record oil price, pulling overseas stock markets down and leaving Wall Street index futures indicating a flat open after the previous day's sharp losses.

Euro strong before ECB call on interest rates

Thu, 03 Jul 2008 11:10:00 GMT

AFP - LONDON (AFP) - The euro steadied against the dollar and rose against other major currencies on Thursday shortly before the European Central Bank was to announce a decision on eurozone interest rates.

US lawmakers to maintain push for currency sanctions on China

Thu, 03 Jul 2008 05:14:00 GMT

AFP - WASHINGTON (AFP) - US lawmakers said Wednesday they would maintain a bid to impose sanctions on China over its allegedly undervalued yuan currency.

Oil hits new peak above $144 on dollar, supply concerns

Thu, 03 Jul 2008 02:39:00 GMT

Reuters - SINGAPORE (Reuters) - Oil hit fresh records on Thursday for the fifth time in six sessions, as the dollar fell on gloomy U.S. jobs data and a broad equity sell-off, and a higher than expected fall in U.S. crude stocks raised supply concerns.

TSX plunges 433 points on worries about demand for commodities;NY also lower

Wed, 02 Jul 2008 22:08:00 GMT

The Canadian Press - TORONTO - The Toronto stock market plunged more than 400 points Wednesday, its biggest one-day drop in more than three months as investors worried that slowing economic conditions in North America and Europe will slash demand for metals and crude.

Dollar rallies on oil as greenback falters

Wed, 02 Jul 2008 20:58:00 GMT

Reuters - TORONTO (Reuters) - The Canadian dollar rallied more than a cent versus a weaker U.S. dollar on Wednesday due to record high oil prices and weaker-than-expected economic data that rattled the greenback.

Tumbling base metals lead 269-point TSX loss;NY also down on data, oil prices

Wed, 02 Jul 2008 19:06:00 GMT

The Canadian Press - TORONTO - The Toronto stock market was down more than 250 points mid-Wednesday afternoon as all sectors backtracked on worries about slowing global growth.

Falling mining stocks send TSX to deep loss; Dow lower on data, costly oil

Wed, 02 Jul 2008 17:55:00 GMT

The Canadian Press - TORONTO - The Toronto stock market tumbled about 250 points Wednesday as worries about slowing global growth sent commodity stocks reeling.

TSX flat as banks rise, mining companies retreat;NY mixed on data, higher oil

Wed, 02 Jul 2008 15:40:00 GMT

The Canadian Press - TORONTO - The Toronto stock market kicked off third-quarter trading with a flat performance late Wednesday morning as gains in financial, energy and tech stocks were balanced by sliding industrial and mining stocks.

Alcan Packaging to invest euro 17 million in the Central European packaging market

Wed, 02 Jul 2008 15:08:01 GMT

CNW Group - Alcan Packaging, a division of Rio Tinto Alcan, announced today that it will invest euro 17 million (approximately US$27 million) in the Central European packaging market.

Mining, industrial stocks take TSX lower;NY mixed on jobs, manufacturing data

Wed, 02 Jul 2008 14:58:00 GMT

The Canadian Press - TORONTO - The Toronto stock market turned lower Wednesday morning, the first day of third-quarter trading on the TSX, as losses in mining and transportation stocks countered gains in the financial sector.

Loonie rallies against weaker greenback

Wed, 02 Jul 2008 14:21:00 GMT

Reuters - TORONTO (Reuters) - The Canadian dollar rose versus a weaker U.S. dollar on Wednesday after a soft U.S. jobs report rattled the greenback, but the domestic currency's moves were expected to be volatile in illiquid markets.

Energy stocks lead TSX advance; N.Y. up despite negative jobs data

Wed, 02 Jul 2008 14:13:00 GMT

The Canadian Press - TORONTO - Energy stocks led a broad advance on the Toronto stock market Wednesday morning as traders got back to work following the Canada Day holiday.

Stock market outlook positive; oil above US$141 a barrel

Wed, 02 Jul 2008 13:40:00 GMT

The Canadian Press - TORONTO - As Canadian financial markets reopen after the Canada Day break, the price of oil remains elevated while European stock markets post gains and U.S. index futures point to a positive open.

European Employment Changes Create Weak-Dollar Opportunities

Wed, 02 Jul 2008 13:17:00 GMT

Business Wire - Vyoma Nair, co-founder of Nair & Co, talks about opportunities the weak dollar presents to U.S. companies expanding internationally.

Dollar down against euro on eve of ECB rate call

Wed, 02 Jul 2008 11:53:00 GMT

AFP - LONDON (AFP) - The dollar fell against the euro on Wednesday, which was the eve of publication of key US job data and an expected move by the European Central Bank to raise interest rates, dealers said.

Family Dollar Reports Third Quarter Earnings

Wed, 02 Jul 2008 11:00:37 GMT

Business Wire - Family Dollar Stores, Inc. (NYSE: FDO), today reported increased earnings for the third quarter of fiscal 2008 and updated fiscal 2008 guidance.

3M Rochford Thompson is a Euro 2008 Winner for Swiss Border Police

Wed, 02 Jul 2008 10:04:28 GMT

Business Wire - Football fans without valid visas to Euro 2008 in Switzerland are having a football-less summer following the trial of a new 3M Security Systems Division hand-held 3M™RT Mobiles with the Swiss Border Guard (Grenzwachtkorps).

Oil firmer on supply concerns, weak dollar

Wed, 02 Jul 2008 09:09:00 GMT

Reuters - LONDON (Reuters) - Oil rose towards $142 a barrel on Wednesday, within sight of a record high, boosted by forecasts that global supply will lag demand and further weakness in the dollar.

Oil rises above $142 on supply concerns, weak dollar

Wed, 02 Jul 2008 06:57:00 GMT

Reuters - SINGAPORE (Reuters) - Oil rose more than $1 a barrel on Wednesday, within sight of Monday's record high above $143 on forecasts that global supply will lag demand and expectations the European Central Bank will raise interest rates later this week.

Ex-NYSE chief can keep 100-million-dollar payout: court

Tue, 01 Jul 2008 22:30:00 GMT

AFP - NEW YORK (AFP) - An appeals court Tuesday gave former New York Stock Exchange (NYSE) chief Richard Grasso a total victory by dismissing all claims seeking reimbursement of a contested 100-million-dollar severance payout.

Dollar lower as market doubts factory sector rebound

Tue, 01 Jul 2008 22:20:00 GMT

AFP - NEW YORK (AFP) - The dollar lost ground against major currencies Tuesday as skeptical traders paid little heed to a forecast-beating snapshot of US manufacturing activity.

Nuveen Multi-Currency Short-Term Government Income Fund Data Now Available

Tue, 01 Jul 2008 20:41:12 GMT

Business Wire - Nuveen Investments, a leading provider of diversified investment services, today announced that the latest fund data for the Nuveen Multi-Currency Short-Term Government Income Fund (NYSE: JGT) is now available.

Euro gains on dollar, which gets no lasting boost from US data

Tue, 01 Jul 2008 17:14:00 GMT

AFP - LONDON (AFP) - The euro advanced on the dollar Tuesday as the US unit was unable to take full advantage of a forecast-beating snapshot of US manufacturing activity.

Worldstock Offers to Ship 400-Pound Rug for $2.95

Tue, 01 Jul 2008 13:02:27 GMT

PRNewswire - Overstock.com, Inc. (Nasdaq: OSTK) today announced that Worldstock, its socially responsible division that sells handmade items from artisans around the world, is offering a large antique rug for immediate purchase on its site.

Gibbs Awards Million-Dollar Contract to Saleen Inc.

Tue, 01 Jul 2008 12:50:11 GMT

Business Wire - Gibbs Technologies has awarded a $1-million, six-month manufacturing development contract to Saleen Inc. to support the launch of the company’s high-speed amphibious vehicles in North America.

Euro on firm footing against dollar

Tue, 01 Jul 2008 10:59:00 GMT

AFP - LONDON (AFP) - The euro firmed against the dollar on Tuesday as the foreign exchange market awaited fresh economic data ahead of a likely eurozone interest rate hike later this week.

Dollar Thrifty Automotive Group Reports on Difficult Operating Trends

Tue, 01 Jul 2008 10:00:40 GMT

PRNewswire - Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today commented on recent operating trends. "Our second quarter was below our expectations with challenges primarily in the areas of revenue per day and vehicle depreciation costs.

Oil rises over a dollar as focus back on Iran-Israel row

Tue, 01 Jul 2008 07:08:00 GMT

Reuters - SINGAPORE (Reuters) - Oil rose more than $1 on Tuesday after slipping from a record above $143 a day ago, as tension surrounding Iran's nuclear program returned to focus and outweighed concerns over eroding U.S. demand.

Skanska wins water treatment project in Florida for USD 93 M, about SEK 570 M

Tue, 01 Jul 2008 06:58:20 GMT

Business Wire - Regulatory News: