Yahoo! Canada Finance: US Markets News

Gold miners pull TSX out of jobs-linked funk

Fri, 06 Nov 2009 23:06:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index ended higher for a fourth straight session on Friday as gold miners rallied around record high bullion prices, offsetting the index's fall at the outset on weak jobs data that fueled worry about economic recovery.

Canadian dollar stung by unexpectedly weak jobs data

Fri, 06 Nov 2009 21:54:00 GMT

Reuters - TORONTO (Reuters) - Canada's currency skidded to its lowest closing level in nearly a week on Friday, stung by U.S. and Canadian jobs data that fell short of estimates and left investors with a reduced appetite for riskier assets.

Catch the Wind stock set to soar, analyst says

Fri, 06 Nov 2009 20:06:00 GMT

Reuters - OTTAWA (Reuters) - Shares of Catch the Wind Ltd took flight this week, gaining as much as 14 percent as an analyst recommended investors buy the stock because the wind turbine equipment maker is poised for lofty growth.

Suncor plans asset sales of between $2 billion and $4 billion in 2010

Fri, 06 Nov 2009 16:52:00 GMT

The Canadian Press - CALGARY - Suncor Energy Inc. (TSX:SU) plans to shed up to $4 billion in assets next year as it continues to digest the various operations it took on through its union with Petro-Canada earlier this year.

Asia stocks up after US rally on upbeat economic data; Europe shares mixed

Fri, 06 Nov 2009 11:24:00 GMT

The Canadian Press - SEOUL, South Korea - Asian markets advanced Friday on the back of Wall Street's rally after upbeat economic figures revived confidence about the state of the American economy. But European stocks were little changed amid caution ahead of a key U.S. jobs report.

Nasdaq OMX Group's Q3 profit rises amid cost costs, decline in special charges

Fri, 06 Nov 2009 00:16:00 GMT

The Canadian Press - NEW YORK - Global exchange operator Nasdaq OMX Group Inc. said Thursday its profit rose as it cut costs and recorded fewer special charges during the third quarter.

Hyatt Hotel's stock trades higher in hotel chain's debut on New York Stock Exchange

Thu, 05 Nov 2009 21:07:00 GMT

The Canadian Press - NEW YORK - Shares of Hyatt Hotels Corp. rose sharply Thursday in the iconic hotel chain's first day on the New York Stock Exchange, with investors appearing to dismiss concerns about infighting among its founder's heirs and tepid hotel reservations around the world.

US job market grim despite improving signals

Thu, 05 Nov 2009 20:34:00 GMT

AFP - WASHINGTON (AFP) - US jobless insurance claims are trending lower from a March peak, official data confirmed Thursday, but unemployment within a fraction of 10 percent challenges recovery from recession.

Ailing US job market improves ahead of key report

Thu, 05 Nov 2009 20:34:00 GMT

AFP - WASHINGTON (AFP) - US jobless insurance claims are trending lower from a March peak, official data confirmed Thursday on the eve of an anxiously awaited monthly unemployment report.

Hyatt launches on NY bourse in major IPO

Thu, 05 Nov 2009 18:31:00 GMT

AFP - NEW YORK (AFP) - Hyatt Hotels lept onto the stock exchange Thursday raising almost a billion dollars in an initial public offering despite the tourism industry crisis, in Wall Street's second largest flotation this year.

Hyatt begins trading on NY stock exchange

Thu, 05 Nov 2009 16:53:00 GMT

AFP - NEW YORK (AFP) - Leading US group Hyatt Hotels began trading on the stock exchange on Thursday, raising almost a billion dollars with its initial public offering, in the New York bourse's second largest flotation this year.

Blackberry maker RIM to buy back $1.2 bln in stock

Thu, 05 Nov 2009 16:47:00 GMT

AFP - OTTAWA (AFP) - Blackberry smartphone maker Research in Motion (RIM) announced Thursday it would buy back 1.2 billion US dollars worth of its stock to prop up the sagging share price amid heightened competition.

JDA Software to buy rival i2 Technologies in $434.4M in cash and stock

Thu, 05 Nov 2009 15:37:00 GMT

The Canadian Press - NEW YORK - JDA Software Group Inc., which makes inventory management software for retailers, said Thursday it has agreed to buy rival i2 Technologies Inc. for about US$434 million.

Hyatt prices IPO as investors size up family feud and dismal lodging market

Thu, 05 Nov 2009 01:18:00 GMT

The Canadian Press - CHICAGO - There's talk of infighting among its founder's heirs and a sluggish appetite for hotel reservations around the globe. But Hyatt Hotels Corp. shares are set to begin trading Thursday now that the company raised US$950 million in its initial public offering.

TSX rides railways, gold price to higher close

Tue, 03 Nov 2009 21:45:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index shot higher on Tuesday as gold prices hit a record high above $1,080 an ounce, boosting Barrick Gold Corp and other gold miners.

Oil rises 2 pct on U.S. factory data, gold surge

Tue, 03 Nov 2009 20:25:00 GMT

Reuters - NEW YORK (Reuters) - Oil rose nearly 2 percent to above $79 a barrel on Tuesday after data showed U.S. factory orders in September expanded at a quicker pace than expected, signaling potential for more fuel demand in the world's biggest energy consumer.

Oil rises above $79 on U.S. factory data, gold surge

Tue, 03 Nov 2009 18:52:00 GMT

Reuters - NEW YORK (Reuters) - Oil rose above $79 a barrel on Tuesday after data showed U.S. factory orders in September expanded at a quicker pace than expected, signaling potential for more fuel demand in the world's biggest energy consumer.

Oil rises to $79 on bullish U.S. factory data

Tue, 03 Nov 2009 17:57:00 GMT

Reuters - NEW YORK (Reuters) - Oil rose to $79 a barrel after data showed U.S. factory orders in September expanded at a quicker pace than expected, signaling potential for more fuel demand in the world's biggest energy consumer.

TSX erases early skid as gold miners rally

Tue, 03 Nov 2009 16:32:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index was higher on Tuesday as Barrick Gold Corp and other gold miners rallied on rising gold prices, while a surge in railway stocks helped to reverse the index's early triple-digit skid.

Boosted by gold miners, TSX erases early skid

Tue, 03 Nov 2009 15:33:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index erased an early skid and moved into higher territory on Tuesday as a rise in gold prices helped boost gold-mining shares, more than offsetting weakness in financials.

TSX falls on banks but railways ride higher

Tue, 03 Nov 2009 15:00:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index was lower on Tuesday morning as Royal Bank of Canada and other banks were unloaded due to concerns about the European banking sector.

Oil slips below $77 ahead of U.S. inventory data

Tue, 03 Nov 2009 14:49:00 GMT

Reuters - LONDON (Reuters) - Oil fell more than $1 per barrel to below $77 on Tuesday as stock markets slipped in Europe and Asia and the dollar rose against a basket of currencies.

TSX opens sharply lower as bank shares skid

Tue, 03 Nov 2009 14:36:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index tumbled at the open on Tuesday as Royal Bank of Canada and other banks were unloaded due to concerns about the European banking sector.

Loonie slips but off overnight low, bonds up

Tue, 03 Nov 2009 14:05:00 GMT

Reuters - TORONTO (Reuters) - Canada's currency was slightly weaker but off overnight lows against the U.S. currency on Tuesday, hurt by less risk appetite arising from concerns about the European banking sector.

TSX may fall with global stocks, oil

Tue, 03 Nov 2009 13:22:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index may fall at the open on Tuesday in line with declines in global stock markets, and could also be pressured by the falling price of oil.

Oil slips towards $77 ahead of U.S. inventory data

Tue, 03 Nov 2009 12:53:00 GMT

Reuters - LONDON (Reuters) - Oil fell more than $1 per barrel toward $77 on Tuesday as stock markets slipped in Europe and Asia and the dollar rose against a basket of currencies.

Bank troubles hits global stocks; dollar rises

Tue, 03 Nov 2009 12:38:00 GMT

Reuters - LONDON (Reuters) - World stocks hit a four-week low on Tuesday and the dollar climbed as poor results from UBS and a shake-up of UK banks Lloyds and Royal Bank of Scotland prompted investors to cut back on risk.

World stock markets fall as doubts about US economic recovery linger

Tue, 03 Nov 2009 11:50:00 GMT

The Canadian Press - BANGKOK, Thailand - World stock markets were lower Tuesday despite improvement in U.S. manufacturing as doubts lingered about the durability of a rebound in the world's largest economy.

Global stocks fall on stimulus worries

Tue, 03 Nov 2009 11:42:00 GMT

Reuters - LONDON (Reuters) - World stocks dipped toward the previous session's four-week lows on Tuesday as investors continued to fret over the early removal of government stimulus, particularly in the financial sector.

Oil slips below $78 as dollar strengthens

Tue, 03 Nov 2009 11:12:00 GMT

Reuters - LONDON (Reuters) - Oil fell more than $1 per barrel toward $77 on Tuesday as the dollar rose against a basket of currencies and as stock markets slipped in Europe and Asia.

Oil slips below $78, eyes on U.S. crude stocks

Tue, 03 Nov 2009 08:48:00 GMT

Reuters - LONDON (Reuters) - Oil slipped below $78 per barrel on Tuesday ahead of data expected to show a rise in U.S. crude oil stocks and before key U.S. economic figures later in the week.

Oil steady above $78, eyes U.S. crude stocks

Tue, 03 Nov 2009 07:21:00 GMT

Reuters - SINGAPORE (Reuters) - Oil held steady above $78 a barrel on Tuesday, after rising more than 1.5 percent a day ago, as traders weighed the impact of a possible rise in U.S. crude stocks against positive manufacturing and home sales data.

Asian shares ease ahead of Fed

Tue, 03 Nov 2009 07:18:00 GMT

Reuters - HONG KONG (Reuters) - The dollar slid on Tuesday, pushing gold prices to near record highs, while Asian stocks eased as investors awaited policy announcements from some key central banks this week for clues on the timing of eventual shifts in policy.

Oil gains, dollar falls after strong data

Tue, 03 Nov 2009 06:00:00 GMT

Reuters - NEW YORK (Reuters) - Crude oil rose and the dollar fell on Monday on strong worldwide factory data and a surprise jump in U.S. pending home sales, but U.S. stocks see-sawed before ending higher after a sell-off in banking shares.

Stanley Works tool maker to buy Black&Decker in US$4.5-billion all-stock deal

Tue, 03 Nov 2009 00:15:00 GMT

The Canadian Press - CHICAGO - The tool maker Stanley Works is buying rival Black&Decker Corp. for US$4.5 billion, the two companies said Monday, uniting two of their industry's most iconic brands.

TSX ends lower on profit-taking, RIM retreat

Mon, 02 Nov 2009 22:10:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index finished lower on Monday, hurt by profit-taking and a selloff in shares of BlackBerry maker Research In Motion following an analyst downgrade.

Oil rises on U.S., China manufacturing data

Mon, 02 Nov 2009 19:32:00 GMT

Reuters - NEW YORK (Reuters) - Oil rose on Monday as strong manufacturing data from the United States and China stoked optimism for a turnaround in the economy and in fuel demand.

TSX unwinds early gain as RIM shares unloaded

Mon, 02 Nov 2009 18:21:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index was stuck lower on Monday afternoon as BlackBerry maker Research In Motion headlined a selloff after its shares were downgraded to a "sell" rating.

TSX dragged lower as RIM shares weigh

Mon, 02 Nov 2009 18:08:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index was down 1 percent on Monday as BlackBerry maker Research In Motion headlined a selloff after its shares were downgraded to a "sell" rating.

TSX rises on U.S, data, RIM drops

Mon, 02 Nov 2009 15:57:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index turned positive on Monday morning after encouraging U.S. economic data overcame weakness stemming from a downgrade of Research In Motion .

TSX falls at open as RIM downgraded

Mon, 02 Nov 2009 14:42:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index fell on Monday morning, dragged lower by a downgrade to Research in Motion , but strength in resource issues limited the drop.

Oil rises above $77, China data supports

Mon, 02 Nov 2009 14:21:00 GMT

Reuters - LONDON (Reuters) - Oil rose above $77 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.

Loonie heads higher with oil, bonds slip

Mon, 02 Nov 2009 13:40:00 GMT

Reuters - TORONTO (Reuters) - The Canadian dollar was higher against the U.S. currency on Monday on firmer commodity prices in a quiet start, but volatility could return in a week that features employment data and central bank policy meetings.

Oil rises towards $78, China data supports

Mon, 02 Nov 2009 13:09:00 GMT

Reuters - LONDON (Reuters) - Oil rose toward $78 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.

Toronto stocks may rebound on resource rally

Mon, 02 Nov 2009 13:07:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index may begin trading in November with a higher start on Monday after a steep drop the previous week, and as rising key commodity prices were expected to support the resource-laden index.

Ford shares rise after results

Mon, 02 Nov 2009 12:09:00 GMT

Reuters - NEW YORK (Reuters) - Shares of Ford Motor Co rose 5 percent to $7.35 in premarket trading on Monday, after the company reported its quarterly results.

US bank failure jolts stock markets

Mon, 02 Nov 2009 11:50:00 GMT

AFP - LONDON (AFP) - Asian stock markets tumbled on Monday with investors rattled by the bankruptcy of US bank CIT and sharp pre-weekend falls on Wall Street, but Europe edged up on bargain-hunting, analysts said.

Oil climbs near $78, China data supports

Mon, 02 Nov 2009 10:52:00 GMT

Reuters - LONDON (Reuters) - Oil rose toward $78 a barrel on Monday, recovering from the previous session's drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.

Oil climbs above $77, China data supports

Mon, 02 Nov 2009 09:07:00 GMT

Reuters - LONDON (Reuters) - Oil rose above $77 a barrel on Monday, retracing some of the previous session's drop, as manufacturing data from China helped to allay fears about the pace of the rebound in global energy demand.

Asian stocks retreat after weak US consumer mood, news of CIT bankruptcy

Mon, 02 Nov 2009 08:58:00 GMT

The Canadian Press - TOKYO - Asian stock markets fell Monday after grim news about American consumers sowed more doubts about the strength of the U.S. economic recovery and sent Wall Street tumbling last week. European shares were mixed.

Oil rebounds above $77

Mon, 02 Nov 2009 06:56:00 GMT

Reuters - PERTH (Reuters) - Oil rose above $77 a barrel on Monday, retracing some of the previous session's 3.6 percent drop, as bullish manufacturing data from China helped to allay fears about the pace of the rebound in global energy demand.

Banks, property top bets if dollar is stronger longer

Sun, 01 Nov 2009 15:33:00 GMT

Reuters - TORONTO (Reuters) - Buyers of Canadian banks, utilities, property firms and some retailers look set to become long-term winners if the country's currency -- as many predict -- resumes its recent rally to top the U.S. dollar in value.

TSX falls sharply; first monthly loss since February

Fri, 30 Oct 2009 21:16:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index broke its seven-month rally with its on Friday, as its two big resource sectors bore the brunt of the sharp decline.

TSX posts first monthly loss since February

Fri, 30 Oct 2009 20:46:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index broke its seven-month rally with a big drop on Friday, as its two big resource sectors bore the brunt of the sharp decline.

TSX falls as risk appetite dented

Fri, 30 Oct 2009 20:11:00 GMT

Reuters - TORONTO (Reuters) - Toronto's main stock index fell on Friday as its two big resource-based sectors bore the brunt of the pressure from weaker pricing for gold and oil, while the U.S. dollar rebounded on reduced risk appetite.