TSX dips in first post-holiday session; loonie near 72 cents US

The Canadian dollar was at 72.21 cents US, down 0.01 in the late morning. Earlier Tuesday, the loonie had been down to about 71.75 cents US, close to last week's low.

See Full Article

The Toronto Stock Exchange's S&P/TSX composite index was at 13,214.03, down 95.77 points from Thursday's close before the holiday. American markets were closed Friday but open Monday.

The Dow Jones average of 30 stocks gained 172.13 points from Monday's close, rising to 17,700.40. The broader S&P 500 index advanced 18.65 points to 2,075.15 and the Nasdaq gained 55.88 points to 5,096.87.

On the commodity markets, the February crude contract was up 87 cents from Monday at US$37.68 per barrel, which was down from $38.10 on Thursday. The January contract for natural gas was US$2.33, up 10 cents from Monday and up from $2.03 on Thursday.

February gold contracts were at US$1,067.50, down 80 cents from Monday and down from US$1,075.90 on Thursday.



Advertisements

Latest Economic News

  • HSBC warns of risks to world economic growth as profit dives

    Economic CTV News
    HONG KONG -- London-based bank HSBC reported Tuesday that annual profit slumped by more than 80 per cent following a year of "unexpected economic and political events" that contributed to volatile markets and influenced investment activity. Source
  • Asian stocks move higher as Wall Street gets ready to open after holiday

    Economic CTV News
    BEIJING - Asian stock markets were mostly higher Tuesday as investors looked ahead to minutes from the U.S. Federal Reserve's latest meeting and Wall Street prepared to reopen after a three-day weekend. KEEPING SCORE: Tokyo's Nikkei 225 advanced 0.5 per cent to 19,338.63 and the Shanghai Composite Index added 0.1 per cent to 3,242.55. Source
  • Deadline looms for Dakota Access pipeline protest camp

    Economic CTV News
    CANNON BALL, N.D. -- As dawn breaks over an encampment that was once home to thousands of people protesting the Dakota Access oil pipeline, a few hundred holdouts rise for another day of resistance. They aren't deterred by the threat of flooding, nor by declarations from state and federal authorities that they must leave by Wednesday or face possible arrest. Source
  • Loblaw resets passwords for all PC Plus accounts after security breach

    Economic CTV News
    TORONTO - Loblaw has reset passwords for all its PC Plus rewards collectors' online accounts after points were stolen from some members' accounts. The company (TSX:L) posted a warning on its website saying it requires all members to create new passwords - regardless of whether or not they changed them following the recent security breach. Source
  • Tim Hortons and Burger King owner, Restaurant Brands, nears deal to buy Popeyes: report

    Economic CBC News
    Restaurant Brands International Inc. , owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc., people familiar with the matter said on Monday. The deal, which will likely value Popeyes at more than $1.7 billion US, is a bet by Oakville, Ont,-based Restaurant Brands that it can use its international reach to introduce Popeyes' Louisiana-style fried chicken and buttermilk biscuits to more diners globally. Source
  • Canadian labour leader Bob White, instrumental in creating CAW, dies

    Economic CTV News
    TORONTO - Canadian labour leader Bob White has died. White was instrumental in creating the Canadian Auto Workers union, which broke away from its American parent in the mid-1980s. He was the CAW's founding president from 1985 until 1991 -- a period when the union was at the height of its power, representing most of the Canadian employees of the big U.S. Source
  • Bob White, 'true maverick' former president of Canadian Auto Workers, dies

    Economic CBC News
    Bob White, the Canadian union leader who founded the Canadian Auto Workers after splitting off from its American counterpart, has died at the age of 81. Unifor, the union which now encompasses the Canadian Auto Workers, tweeted that White was "a great union leader. Source
  • 'True maverick' former president of Canadian Auto Workers Bob White dies

    Economic CBC News
    Bob White, the Canadian union leader who founded the Canadian Auto Workers after splitting off from its American counterpart, has died at the age of 81. Unifor, the union which now encompasses the Canadian Auto Workers, tweeted that White was "a great union leader. Source
  • Founding president of Canadian Auto Workers Bob White dies

    Economic CBC News
    Bob White, the Canadian union leader who founded the Canadian Auto Workers after splitting off from its American counterpart, has died at the age of 81. Unifor, the union which now encompasses the Canadian Auto Workers, tweeted that White was "a great union leader. Source
  • Wholesale trade rise 0.7% in December for third straight monthly gain

    Economic CTV News
    OTTAWA -- Canadian wholesale trade grew 0.7 per cent to $57.3 billion in December, registering its third consecutive monthly gain. Statistics Canada says sales in categories such as machinery, equipment and supplies, as well as building material and supplies were the biggest contributors to the increase. Source