Tag: Loonie

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…

Stock indexes up sharply in Toronto, New York; loonie down

Canada’s main stock index was up sharply in late morning trading, with energy and mining stocks providing much of the lift. The Toronto Stock Exchange’s S&P/TSX composite index was up 143.10 points to 16,478.25, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 133.10 points to 24,594.80. The S&P…