North American stock markets headed for calmer day of trading

TORONTO - North American investors appear headed for a calmer Friday after days of upheaval spurred by events surrounding China's currency and two of its major stock markets.

See Full Article

Several major Asian stock indexes including the Shanghai Composite closed slightly higher Friday, after China's central bank issued a statement promising it would aim for currency stability and China's stock regulator suspended a new "circuit breaker" system that were triggered on Monday and Thursday -- upsetting securities markets around the world.

In Europe, market indexes were slightly up or slightly down before the North American trading day began and before the release of unemployment reports in Canada and the United States at 8:30 a.m. ET.

The Dow Jones index futures were modestly higher, up 92 points or 0.56 per cent at 16,511.0. Similar small gains were seen with S&P 500 futures, up 11 points at 1,944.0, and Nasdaq futures were up 33 points at 4,322,25 about an hour before the jobs reports.

The Canadian dollar remained below 71 cents US near 12 1/2-year lows but slightly higher. It was at 70.95 cents US, up 0.01 from Thursday's close at 70.94 cents US.

On the commodity markets, the February gold contract fell $7.70 to US$1,100.10 an ounce and the February crude contract was up 29 cents at US$33.56 per barrel.



Advertisements

Latest Economic News

  • Canada pushing for inclusion of strong labour standards in NAFTA

    Economic CTV News
    OTTAWA - Canada is pushing for the inclusion of enforceable, progressive labour standards in a rewritten North American Free Trade Agreement, aimed at compelling Mexico to pay workers higher wages and do away with so-called "yellow" unions that represent employers rather than employees. Source
  • Federal government should scale back spending on water, sewage systems: report

    Economic CTV News
    OTTAWA - A new report from a bipartisan think-tank says the federal government should scale back its spending on water and sewage systems in Canadian cities for each community's financial good. The Ecofiscal Commission report being released today makes the case that the fees homeowners pay for the water running through their taps and down their drains don't cover the full cost of service, leading to gaps in funding that upper levels of government have been trying to fill for years. Source
  • Asian stocks little changed after Wall Street tumble

    Economic CTV News
    BEIJING - Asian stocks were little changed Tuesday as investors watched U.S.-North Korean tensions after a decline in tech shares dragged down Wall Street. KEEPING SCORE: Tokyo's Nikkei 225 lost 0.1 per cent to 20,377.29 points while the Shanghai Composite Index was unchanged at 3,340.53. Source
  • China's richest man Jack Ma says he has 'great chemistry' with Trudeau

    Economic CTV News
    Alibaba founder and China’s richest man Jack Ma says he and Prime Minister Justin Trudeau have now met five times and have “great chemistry.” “See, the PM this morning talked about cutting the red tapes and improving the business environment,” Ma told BNN’s Jon Erlichman Monday after their latest meeting in Toronto. Source
  • Ottawa begins public consultations on dealing with corporate wrongdoing

    Economic CTV News
    MONTREAL -- The federal government kicked off nearly two months of public consultations Monday on revising efforts to address corporate wrongdoing, including the possible introduction of a deferred prosecution agreement regime. Engineering and construction firm SNC-Lavalin (TSX:SNC) has led the charge for deferred prosecution agreements (DPA) found in other countries as a way to resolve criminal fraud charges it faces. Source
  • South Dakotans oppose Canadian company's gold search

    Economic CTV News
    ROCHFORD, S.D. -- Some private landowners are opposing a Canadian company's search for gold in a remote area of South Dakota's Black Hills National Forest. Mineral Mountain Resources has submitted an operating plan to the forest for more than 20 drilling sites on federal land a couple miles south of Rochford. Source
  • Alberta creates advisory team to assist cities bidding for second Amazon HQ

    Economic CTV News
    CALGARY -- The Alberta government is stepping in to help Edmonton and Calgary bid for retail giant Amazon's second headquarters. Premier Rachel Notley says the team will assist the cities to make the best bids while selling the assets the province has to offer. Source
  • Satya Nadella aims to make Microsoft mighty — and mindful

    Economic CTV News
    Satya Nadella, the Microsoft CEO who kept the company relevant as its primary PC software business faded, could write a book about the challenges he faced. And he has ... but it's not a tell-all memoir. Source
  • Donald Trump on jobs of the future LIVE

    Economic CBC News
    Rohingya Muslims fleeing Myanmar describe military's violence and killings 2:50 Rohingya Muslims fleeing Myanmar describe how they faced violence and killings by the Burmese military, prompting thousands of them to flee to neighboring Bangladesh. Source
  • JetBlue latest U.S. airline to back Bombardier in fight with Boeing

    Economic CTV News
    MONTREAL -- JetBlue is the latest U.S. airline to back Bombardier in its trade dispute with Boeing, ahead of the expected imposition of preliminary export duties on shipments to the United States. The airline has urged the U.S. Source