Loading...

Market News

Gilead sets price for coronavirus treatment remdesivir

Gilead will charge U.S. hospitals $3,120 for the shortest treatment course of its coronavirus drug remdesivir for typical patients with...

Read more

Reopenings power a 9-week climb in Canadian consumer confidence

Consumer confidence in Canada continues its upward climb for a ninth-straight week amid phased reopenings across the country....

Read more

Big banks to report results as mortgage 'deferral cliff' starts to loom, loan loss expectations rise

When Canada’s biggest banks last reported financial results in February, executives said it was too early to tell what kind...

Read more

Air Canada to stop emergency wage subsidy; thousands of job cuts will leave workers out in the cold: union

Air Canada will not continue to use the federal emergency wage subsidy and has instead given employees the option of...

Read more

Inflation falls below zero in Canada for first time since 2009

Canadian inflation went negative for the first time since the 2009 recession after the coronavirus lockdown put the brakes on...

Read more

North American stock markets up, oil climbs

North American stock markets surged higher in late-morning trading and the price of oil rose as businesses have slowly started...

Read more

North American stock markets tumble, loonie falls against U.S. dollar

Canada's main stock index fell in a broad-based decline in late morning trading, while U.S. stock markets also tumbled. The...

Read more

S&P/TSX composite posts triple-digit decline, U.S. stock markets also fall

Canada's main stock index posted a triple-digit decline in late-morning trading as the heavyweight financial and industrial sectors moved lower....

Read more

Canada could be headed for negative yields, as quantitative easing begins

The Bank of Canada’s secondary market purchase program seems to be working for the bond market, according to one analyst...

Read more

Canada's stock market collapse is like nothing we've ever seen before

It can be difficult to comprehend the scale of the wealth destruction seen over the past month on global stock...

Read more

Fear grips investors as North American stock markets plunge, loonie down

Fear about the economic impact of COVID-19 gripped investors as North American stock markets continued to fall for another day...

Read more

Posthaste: Canadian jobless rate could jump to 6.3% as oil price crash woes add to coronavirus crisis

Canadians are increasingly panicked about their families and finances as COVID-19 rages across the globe, amid an oil price collapse...

Read more

North American stock markets partially rebound on stimulus hope and higher crude

Canada's main stock index partially rebounded from its worst one-day decline in more than 30 years on the promise of...

Read more

North American stock markets plunge at the start of trading again

North American stock markets plunged again in early trading as fears about the novel coronavirus outbreak continued to weigh on...

Read more

Stock market seesaw continues as TSX and Dow Jones sell off Thursday

Fear dominated financial markets again on Thursday, and stocks fell sharply on worries about the fast-spreading virus outbreak. It's the...

Read more

Bank of Canada follows Fed with rate cut as virus fears mount

The Bank of Canada cut half a percentage point from its benchmark interest rate Wednesday, easing monetary policy for the...

Read more

Canadian stocks up on broad rally in Toronto; U.S. markets also higher

A broad-based rally helped power Canada's main stock index to a triple-digit advance in late-morning trading, while U.S. stock markets...

Read more

Canadian dollar weakens as investors bet on Bank of Canada matching Fed rate cut

The Canadian dollar fell against the greenback on Tuesday, giving up much of the prior day’s rally, as the Federal...

Read more

North American stock markets rally on growing rate cut expectations to offset coronavirus

North American stock markets rebounded strongly from the worst week since the 2008 financial crisis on expectations that central banks...

Read more

Bank of Canada: We expect a cut this week

We look for a 25bp cut by the BoC this week as coronavirus worries increasingly weigh on the economic outlook...

Read more

'You don’t want to panic': What investors should do during a market storm

Markets have given investors whiplash during a trading week that a global stock rout as fears over the rapid spread...

Read more

TSX drops 700 points as stock market rout continues

The Toronto Stock Exchange reopened Friday after a technical glitch shut down trading early the day before — and investors...

Read more

Private-sector job vacancies in Canada remain at an all-time high, new data shows

Canada's private-sector job vacancy rate remained at a record high of 3.2 per cent in the fourth quarter of 2019...

Read more

TSX shut down for 'technical halt' as stock markets sell off

The company that owns and operates the Toronto Stock Exchange says it has ordered a "technical halt" to all trading...

Read more

Scotiabank profit tops estimates in revival of capital markets

Bank of Nova Scotia’s capital-markets division is showing signs of a turnaround. The unit had long been the weakest link...

Read more

Stock market bloodbath kept at bay in Canada with gold rally

Canadian stocks declined with global markets, as authorities struggled to keep the coronavirus from spreading more widely outside China. However...

Read more

Canadian dollar slides to 2-week low as coronavirus spreads

The Canadian dollar weakened to a near two-week low against its U.S. counterpart on Monday as spreading of the coronavirus...

Read more

G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup

Finance chiefs of the world's top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth...

Read more

Loonie posts biggest gain since start of 2020 as U.S. dollar stumbles

The Canadian dollar strengthened to a three-week high against its U.S. counterpart on Friday as the greenback gave back some...

Read more

Canada banks to post muted first quarter; stress test change may lift mortgages

Canadian banks are set to post muted quarterly profit growth, driven by higher credit provisions, when they begin reporting earnings...

Read more

TSX soars to new high on energy gains, Northview Apartment rally

Canada's main stock index recovered from early losses to hit record highs on Thursday as gains in energy stocks and...

Read more

Canada tweaks mortgage stress test in move that could boost housing market

Canada on Tuesday announced a change to a three-year-old financial stress test designed to reduce risky mortgage lending, potentially reigniting...

Read more

Loonie hits 6-day low on virus damage, factory data miss

The Canadian dollar weakened to a near one-week low against its U.S. counterpart on Tuesday as economic damage from the...

Read more

Five things to watch for in the Canadian business world in the coming week

CRTC hearings to begin The CRTC will hold hearings on mobile wireless services next week, starting on Tuesday. The regulator...

Read more

Foreigners sell C$9.57 bln in Canadian securities in December

Foreign investors sold a net C$9.57 billion ($7.22 billion) in Canadian securities in December, led by provincial government bonds, following...

Read more

Feds further revise train regulations, speed limit, for dangerous goods on Canadian railways

Lower speed limits enforced on rail traffic after two fiery crashes near Guernsey, Sask. have changed under a more detailed...

Read more

Auditor general to scrutinize government’s $187B infrastructure program

The Trudeau government’s massive $187-billion infrastructure program will be scrutinized by the office of the auditor general of Canada....

Read more

Psychedelic drug companies prepare to enter Toronto stock market

Companies are starting to develop medical treatments from psychedelic drugs such as LSD, ketamine and magic mushrooms. Mind Medicine Inc...

Read more

Home Prices Up 11% in January as Supply Dwindles: CREA

The stage is set for sizzling sales and price growth this year, according to the first round of 2020 data...

Read more

Canadian dollar steadies as investors weigh higher virus deaths

The Canadian dollar was little changed against its U.S. counterpart on Thursday, holding on to its previous day’s gains as...

Read more

When the share buyback craze stops, this bull market stops: David Rosenberg

Financial Post’s Larysa Harapyn speaks to Rosenberg Research chief economist David Rosenberg about what happens when you combine one of...

Read more

Shopify helps technology sector lift S&P/TSX composite; loonie gains

Canada's main stock index pushed into record territory led by the technology sector as shares in Shopify Inc. soared after...

Read more

Canadian banks to take on volatility

By all indications, the ongoing volatility that has rattled global stock markets over the past few weeks is likely to...

Read more

TSX Hits Record as Oil Prices Skyrocketed

Equities in Canada’s largest market scaled a new high on Tuesday, driven by sharp gains in energy stocks as the...

Read more

Canadian construction labour demand to intensify in short term: BuildForce

The outlook for the Canadian construction industry is strong for the coming decade but labour demand will intensify over the...

Read more

Consumer insolvencies approach record in debt-weary Canada

Canadian consumers filed the largest number of insolvencies in almost a decade at the end of last year, stoking concern...

Read more

Government of Canada invests in transportation infrastructure at the Alberta Industrial Heartland to move goods to market

The quality of Canada's transportation infrastructure and the efficiency of the country's trade corridors are key to the success of...

Read more

Toronto top market as Canadian VC funding increases for third year

Toronto companies led venture capital funding in 2019, as overall Canadian funding rose for the third consecutive year, reaching $4....

Read more

Statistics Canada says economy added 34,500 jobs in January, unemployment down

The Canadian economy added 34,500 jobs in January, fuelled by gains in the manufacturing, construction and agriculture industries, Statistics Canada...

Read more

North American stock markets set record highs after China cuts tariffs in half

North American stock markets marched to record highs Thursday on dissipating virus risks and China saying it would cut tariffs...

Read more

Ontario task force to recommend capital markets regulation changes

The province has appointed a task force to review Ontario’s capital markets regulations and recommend how they can be modernized...

Read more

Toronto home prices rise at fastest pace in more than two years

A shrinking supply of available homes for sale in Canada’s largest city continued to drive prices higher last month, bringing...

Read more

Meal kit makers jostle for a slice of Canada's market in growing, competitive industry

It's the dreaded question: "What do you want for dinner?" And a growing number of meal preparation businesses promise to...

Read more

Canadian ETFs start the decade strong

Flows into Canadian ETFs started the year — and decade — off strong, with inflows exceeding $4 billion for the...

Read more

USD/CAD - Canadian Dollar Slipping

The Canadian dollar is inching lower, weighed down by broad US dollar demand and the recent steep drop in oil...

Read more

Canada trade deficit shrinks more-than-expected on oil recovery

Canada unexpectedly ran one of its smallest trade deficits in recent years in December on a sharp recovery in oil...

Read more

Canadian Market Surging Higher On Widespread Buying

Canadian stocks are up sharply in positive territory in early afternoon trades on Tuesday, extending early gains, thanks to sustained...

Read more

Get ready for the U.S.-China sideswipe: Phase one trade truce could be devastating for Canadian exporters

After 18 months of stop-and-start negotiations, the U.S. and China have finally signed their so-called “Phase One” trade truce. The...

Read more

North American stock markets bounce back, loonie trades down against U.S. dollar

Gains in the financial and industrial sectors helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock...

Read more

Shanghai stock exchange has worst day since 2015 as markets reopen amid coronavirus outbreak

China's Shanghai Composite index plunged 8.7 per cent as financial markets reopened Monday amid news the outbreak of a deadly...

Read more

What the spread of coronavirus could mean for the Bank of Canada

The global spread of the new coronavirus is another economic risk the Bank of Canada may consider when deciding whether...

Read more

With trade wars the new normal, getting Canada's exports to fresh markets matters more than ever

Exporters have suffered over uncertainty from the U.S. and China; if they don’t spread out geographically now, they never will...

Read more

Feds rankle provinces with spring timeline for stabilization fund changes

A federal program that tops up provincial revenues in response to sudden economic downturns won’t be getting any changes until...

Read more

Trudeau and Trump talk new NAFTA, China, and coronavirus in latest call

Prime Minister Justin Trudeau and U.S. President Donald Trump today discussed ongoing efforts to ratify the new North American Free...

Read more

Power-hungry Canada ekes out surprise November GDP growth

Canada’s economy unexpectedly expanded in November as cold weather drove a sharp increase in power usage, though the pick up...

Read more

Stock markets fall amid fears new coronavirus will hurt global economy

Canada's main stock index fell in late-morning trading amid fears for the global economy as the death toll from the...

Read more

Canadian Shares Exhibiting Weakness On Coronavirus Concerns

The Canadian stock market opened weak Thursday morning and slipped further down into the red subsequently before regaining some lost...

Read more

Canadian Pacific Railway reports 'strong' Q4 profit

Canadian Pacific Railway Ltd. says it earned a fourth-quarter profit of $664 million, up from a profit of $545 million...

Read more

Materials and industrials lead stocks higher in Toronto, U.S. markets also up

Canada's main stock index move higher in late-morning trading fuelled by strength in the industrials and materials subsectors, while U.S...

Read more

Economic uncertainty weighs on business, say Canadian accountants

Canadian business leaders continue to feel uncertain about the prospects of economic growth in Canada and are more confident in...

Read more

Men eclipsing women in Canada's job market; U.S. sees opposite trend

Canada’s job market has been firing on all cylinders but it’s been especially strong for men....

Read more

Canadian companies feel impact of coronavirus as it strikes across sectors

Canadian companies are starting to feel the pinch of the deadly coronavirus epidemic as they call off trips and watch...

Read more

Economic outlook causing concerns for Canadian companies

International trade wars, tariffs, economic sanctions, protectionism, and a potentially looming global recession are just a few of the regulatory...

Read more

Bank of Canada maintains overnight rate target at 1 ¾ percent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is...

Read more

Davos 2020: energy transition can be a reality with science, teamwork and patience

There’s a famous scene at the end of The Italian Job, when the bus carrying Michael Caine and his motley...

Read more

USD/CAD - Canadian Dollar Idled

The Canadian dollar started the week at the same price it ended the previous week, even though the U.S. dollar...

Read more

TSX expected to shatter records in 2020

Canada's main stock index is expected to shatter records in 2020 after starting the year up nearly three per cent...

Read more

POLL-Canadian economy expected to gather steam, keeping BoC at bay in 2020

A revival in the Canadian economy may already be underway, according to a Reuters poll of economists, who were mostly...

Read more

Most of Canada’s housing market likely to be fertile ground for bidding wars in 2020

Canadians hoping to buy a house in 2020 better brace themselves for limited choice and plenty of competition, the latest...

Read more

U.S. stocks hit records amid China trade pact optimism

U.S. stocks rose to all-time highs amid optimism the initial phase of a trade accord with China will propel growth...

Read more

Canadian dollar sticks to sideways pattern, awaiting global catalyst

The Canadian dollar was little changed against its U.S. counterpart on Tuesday, extending its sideways pattern since last week as...

Read more

How Every Asset Class, Currency, and Sector Performed in 2019

Despite an early backdrop of heightened volatility, escalating trade tensions, Brexit uncertainty, and calls for a recession, the year progressed...

Read more

Canadian dollar trades near flat ahead of Bank of Canada survey

The Canadian dollar was little changed against its U.S. counterpart on Monday, as oil prices steadied after a sharp decline...

Read more

Why central banks hope you think prices are rising: Don Pittis

When Canadians expect prices to rise, they often do. Data on consumer expectations, set to be released Monday, will reveal...

Read more

Oil remains a pillar of Canada's economy, but it's the digital economy that's driving growth

Kevin Carmichael: Concerns the Canadian economy is in trouble are based on a set of data blind to much of...

Read more

Five things to watch for in the Canadian business world this week

Five things to watch for in the Canadian business world in the coming week:...

Read more

Second China trade deal hinges on phase-one success, Kudlow says

One of President Donald Trump’s top economic advisers played down the prospects of the administration concluding further phases of a...

Read more

Canadian dollar rallies as jobs gain clips rate cut bets

The Canadian dollar rallied against the greenback on Friday, clawing back some of its decline this week, as investors cut...

Read more

Canadian economy added 35,200 jobs in December, unemployment rate falls

The Canadian job market bounced back in December to post a gain of 35,200 jobs and reverse some of the...

Read more

U.S., China dust off corporate deals before trade pact signing

The U.S. and China are finalizing a bevy of long-running corporate deals ahead of a high-profile ceremony to sign a...

Read more

Governor Stephen Poloz Says Bank Of Canada Watching Global Trade Impacts

The head of the Bank of Canada says the central bank will be watching for signs that the adverse affects...

Read more