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Better than expected jobs data pushes Toronto stock index, loonie higher
– canadianbusiness.com
Canada’s main stock index and the loonie were pushed higher by stronger than expected jobs data and a slight uptick in the price of oil.
The Toronto Stock Exchange’s S&P/TSX composite index added 50.12 points to 15,473.21.
The average value for the Canadian dollar was 74.33 cents US, up 0.27 of a cent from Thursday.
In New York, the Dow Jones industrial average gained 89.44 points to 21,271.97, while the S&P 500 index retreated 2.02 points to 2,431.77 and the Nasdaq composite index gave back 113.84 points to 6,207.92.
The July crude contract was up 19 cents at US$45.83 per barrel and the July natural gas contract added one cent to US$3.04 per mmBTU.
The August gold contract was down $8.10 to US$1,271.40 an ounce and the July copper contract rose four cents at US$2.65 a pound.
The post Better than expected jobs data pushes Toronto stock index, loonie higher appeared first on Canadian Business – Your Source For Business News.
The Toronto Stock Exchange’s S&P/TSX composite index added 50.12 points to 15,473.21.
The average value for the Canadian dollar was 74.33 cents US, up 0.27 of a cent from Thursday.
In New York, the Dow Jones industrial average gained 89.44 points to 21,271.97, while the S&P 500 index retreated 2.02 points to 2,431.77 and the Nasdaq composite index gave back 113.84 points to 6,207.92.
The July crude contract was up 19 cents at US$45.83 per barrel and the July natural gas contract added one cent to US$3.04 per mmBTU.
The August gold contract was down $8.10 to US$1,271.40 an ounce and the July copper contract rose four cents at US$2.65 a pound.
The post Better than expected jobs data pushes Toronto stock index, loonie higher appeared first on Canadian Business – Your Source For Business News.
As Toronto’s housing market cools, some sellers face tricky situations
– theglobeandmail.com
With the number of listings increasing and home prices falling, potential buyers find opportunities, while some sellers face financial jeopardy
Infrastructure and Communities Minister Amarjeet Sohi takes part in an interview at his office in Ottawa on Thursday, June 23, 2016. (Sean Kilpatrick/CP)Our government took office with a commitment to build and rebuild Canadian communities so that they could thrive for generations to come. After a decade of an ad-hoc, inconsistent approach by the previous government, the infrastructure deficit facing our country had grown, and closing it required not just a historic investment but innovation and creativity in how that funding will be delivered.
We’ve wasted no time in delivering on our commitments since taking office. My department has approved more than 2,900 projects with a total investment of over $23 billion since our government took office—more than twice what the previous government did in their last four years combined.
This is just the beginning. In our 2017 budget, we laid out the details of our 12-year, $186-billion long-term plan that will have a transformative effect on Canadian communities…
Hudson’s Bay Co. shares traded down more than 10 per cent on Friday, a day after the company released disappointing quarterly earnings and announced it is cutting about 2,000 jobs.
A step toward preventing ‘IP leakage’
– theglobeandmail.com
Should Canada adopt a Sovereign Patent Fund, used by some countries to acquire IP assets, such as patent licences, on behalf of fund members?
