Canada’s main stock index roses slightly on Wednesday amid energy gains as oil prices rose. The most influential gainers included Valeant Pharmaceuticals International Inc., which rose 14.24 percent to $43.15, and Canadian Natural Resources Ltd., which advanced 4.1 per cent to $34.703.
The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors’ view of riskier assets soured, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded.
Oil prices hit one-month lows as prospects of Middle East producers agreeing to curb chronic oversupply faded, and other commodities also lost ground as the dollar stabilized after Friday’s strong U.S. data.
The two iconic brands of rotisserie chicken and special sauce have largely been operating in different parts of the country, with St-Hubert dominating the Quebec scene and Swiss Chalet operating mostly in English-speaking provinces.
A majority of Canada’s business leaders believe governments need to invest in clean-technology research to spur breakthroughs that could result in the elimination of fossil-fuel use over the coming decades.
NexGen Energy’s (TSXV: NXE) tremendous Maiden Inferred resource, both its size & grade (202 mm Inferred lbs. at 2.63% U3O8 with a 0.25% cut-off, including a higher-grade core of 120.5 million lbs. at 13.26% U3O8) caught participants off guard. In the week following the, “number,” NexGen shares soared 52% to $1.48, more than triple last March’s levels in the low-to-mid $0.40s. Why did conventional wisdom miss the mark by so much?
Weakness in commodities and Canadian financial stocks helped the Toronto stock market slide into the red Thursday, capping a holiday-shortened trading week.
Stock futures pointed to a lower opening for Canada's main stock index on Tuesday after deadly blasts in Brussels dampened investor sentiment and prompted a flight towards safe-haven assets such as gold.
June futures on the S&P TSX index SXFc1 were down 0.45 percent at 7:15 a.m. ET.
No major economic events are scheduled for the day.
Canadians ended 2015 with a record-high debt burden, as low interest rates and still-soaring regional housing markets fuelled the fastest year of household debt growth since 2011.
