National Newswatch

Energy weighs on TSX, Wall St. mixed as escalating trade tensions ebb

Mar 7 2018 — David Hodges, The Canadian Press — TORONTO — Falling commodity prices weighed on the Toronto stock index Wednesday as U.S. markets pared back earlier losses following a report that Canada and Mexico may get a special exemption from President Donald Trump's controversial tariffs. Major Wall Street indexes had fallen sharply in late-morning trading following the departure of Gary Cohn, a top economic adviser in the […]

Stock market volatility may awaken investors to scrutinize account fees

Mar 4 2018 — David Hodges, The Canadian Press — TORONTO — A return to volatility on global stock markets in early February may be the catalyst needed to warn investors about the impact of fees on returns — a feat that regulators haven't accomplished so far. "Failing investment values tend to make people scrutinize everything more closely," Dan Hallett, vice-president of HighView Financial Group in Windsor, Ont., […]

TSX and Dow pare back earlier losses as Trump defends steel tariffs

Mar 2 2018 — David Hodges, The Canadian Press — TORONTO — Canada's main stock index closed lower Friday, but off its lows for the day, after markets reassessed U.S. President Donald Trump's latest statements about imposing stiff tariffs on steel and aluminum. A global sell-off in stocks that began Thursday came back around to North America in morning trading after the president doubled down against growing backlash, […]

Energy stocks weigh on Toronto market amid lower oil price, Wall St. slumps

Feb 28 2018 — David Hodges, The Canadian Press — TORONTO — Canada's main stock index nose dived Wednesday as oil and gas company stocks fell sharply and shares of Valeant Pharmaceutical International, Inc. tumbled on low guidance. The S&P/TSX composite index was down 228.57 points to 15,442.68, led by a more than three per cent decline in the energy sector amid falling oil prices. The April crude contract […]

North American markets down after Fed comments, Canadian dollar weakens

Feb 27 2018 — David Hodges, The Canadian Press — TORONTO — Canada's main stock index dropped moderately while U.S. stocks fell sharply after the head of the Federal Reserve said that he's feeling more optimistic about the economy. Fed Chairman Jerome Powell made his first highly anticipated public comments before Congress Tuesday and he reaffirmed that the U.S. central bank plans to raise interest rates gradually. […]

Rallying gold and oil prices give TSX a triple-digit boost, loonie strengthens

Feb 14 2018 — David Hodges, The Canadian Press — TORONTO — Surging gold and oil prices helped give Canada's main stock index a triple-digit boost on Wednesday, as the loonie strengthened against a weakening greenback. The S&P/TSX composite index advanced 111.80 points to 15,328.27, led by strong gains in the gold, base metals, materials and energy sectors. The March crude contract climbed US$1.41 to US$60.60 per […]