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December 31, 2018 9:52 PM Canadian stocks close out worst year since 2008 with a gain

Canadian stocks rose on the final trading day of the year but it wasn’t enough to prevent them from posting their worst annual performance since 2008. The S&P/TSX Composite Index gained 0.7 per cent to 14,322.86 on thin New Year’s Eve volume after U.S. President Donald Trump reported “big progress” in trade talks with China. The benchmark lost 5.8 per cent in December 14

December 7, 2018 2:31 PM Gains abroad extend the record earnings streak at Canadian banks

Canada’s eight big banks extended their record earnings streak this year, posting a 7.5 per cent jump in annual profit fuelled by operations outside their home turf. Net income for the companies totalled C$45.9 billion ($34.3 billion U.S.) in the fiscal year ended Oct. 31. Toronto-Dominion Bank and Bank of Montreal profited from their U.S. consumer-lending 22

December 4, 2018 7:31 PM Dow slides 700 points as U.S. stocks veer sharply lower

The trade dispute has rattled markets in recent months as signs emerged that it has begun affecting corporate profits. That’s stoked traders’ fears that if it drags much longer it could further weigh on global economic growth. The jitters helped drive demand for government bonds Tuesday, pushing prices higher. The yield on the 10-year Treasury note fell to 2.91 per cent from 2.99 per cent late Monday 21

November 19, 2018 4:41 PM Toronto stock market lower, while U.S. stocks also down, Loonie down

Canada’s main stock index was in the red in late-morning trading, weighed down by losses in energy and financial stocks, while the health-care sector, which includes the big marijuana companies, also lost ground. In New York, the Dow Jones industrial average was down 295.11 points at 25,118.11. The S&P 500 index was down 31.78 points at 2,704.49, while 17

November 19, 2018 2:10 PM Here’s how to trade Canadian stocks hit by tax-loss selling

The Canadian S&P TSX is down more than 6% year-to-date and has created opportunities for investors to consider several stocks that have probably been hit by tax-loss selling, according to Canaccord Genuity’s Canadian Research team. The companies on the list are mainly energy and materials stocks, since the main sectors contributing to the year-to-date 22

November 15, 2018 6:40 PM Canadian stocks a ‘huge contrarian buy,’ BMO investment chief says

He’s not paring his bullish view on Canada, admonishing a group of portfolio managers in Toronto for being scared of low oil prices, household debt and the perception that fiscal policy is uncompetitive. “I think Canada is positioned for a huge recovery and a huge surprise with respect to performance,” Belski told the Portfolio Management Association 18

November 13, 2018 8:53 PM A $1.7-trillion fund manager joins critics of Trudeau oil policy

One of the largest foreign holders of Canadian energy stocks says investors are turning away from the country, frustrated over Prime Minister Justin Trudeau’s failure to get pipelines built to ease a record discount for oil-sands crude. In a letter to the prime minister, Darren Peers, an analyst and investor at Los Angeles-based Capital Group Cos., warns 31

October 14, 2018 1:41 PM Saudis reject threats as stocks plunge after Trump comments

However, Trump in the same interview said: “As of this moment, they deny it and they deny it vehemently. Could it be them? Yes.” Other stock exchanges in the Mideast saw far less volatility Sunday. U.S. markets have been rattled by rising interest rates, signs of a slowdown in the global economy and the U.S.-China trade dispute. Saudi Crown Prince Mohammed 42

October 1, 2018 3:01 PM Loonie, auto parts stocks up after revamped trade deal with U.S

The Canadian dollar and shares of the country’s major auto parts companies were up in the wake of the tentative trade deal between Canada, the U.S. and Mexico. The loonie was trading at 78.04 cents (U.S.) shortly after North American stock markets opened, up from an average of 77.25 cents (U.S.) on Friday. Shares of Canada’s largest auto parts company 28

September 28, 2018 6:23 PM Toronto stocks lower, loonie climbs higher after GDP report tops expectations

In New York, the Dow Jones industrial average was up 44.57 points at 26,484.50. The S&P 500 index was up 5.01 points at 2,919.01, while the Nasdaq composite was up 13.10 points at 8,055.06. The Canadian dollar traded higher at 77.39 (U.S.) compared with an average of 76.66 cents (U.S.) on Thursday after the Canadian economy grew faster than expected 29