Technology: North American stocks up in late-morning trading, loonie trades up - PressFrom - Canada
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TechnologyNorth American stocks up in late-morning trading, loonie trades up

20:45  15 may  2019
20:45  15 may  2019 Source:   msn.com

TD bank predicts loonie may fall to 71 cents US as Canadian dollar's outlook shifts 'considerably'

TD bank predicts loonie may fall to 71 cents US as Canadian dollar's outlook shifts 'considerably' A combination of a deeper than anticipated slowdown in the economy, the likelihood of Bank of Canada ending its hiking cycle, and oil's divergence from the loonie, will lead the Canadian dollar to weaken further this year, according to analysts.

Canada's main stock index inched forward Monday, while major indices south of the border fell slightly during a relatively flat day for the markets. China reported that its exports fell last month. Chinese exports to America fell 3.5 per cent to US.3 billion in December compared to the same month the

TORONTO - North American markets were in search of direction Tuesday as Congressional testimony by the U.S. Federal Reserve chairman failed to ignite A key market driver is U.S.-China trade talks. Sentiment improved on U.S. President Donald Trump’s weekend comments that he would delay tariff

North American stocks up in late-morning trading, loonie trades up© Provided by Canadian Press Enterprises Inc

TORONTO — The industrials and technology sectors helped lift Canada's main stock index higher in late-morning trading as U.S. stock markets also edged higher.

The S&P/TSX composite index was up 28.99 points at 16,313.52.

In New York, the Dow Jones industrial average was up 40.11 points at 25,572.16. The S&P 500 index was up 8.57 at 2,842.98, while the Nasdaq composite was up 55.58 points at 7,790.07.

The Canadian dollar traded for 74.33 cents US compared with an average of 74.24 cents US on Tuesday.

The June crude contract was up 12 cents at US$61.90 per barrel and the June natural gas contract was down 4.8 cents at US$2.61 per mmBTU.

Canadian Dollar Headed For A Tumble As Economy Weakens, Analysts Predict

Canadian Dollar Headed For A Tumble As Economy Weakens, Analysts Predict If you've got shopping you were planning to do abroad, now may be a better time than later. A growing number of analysts are predicting that the Canadian dollar will take a dive this year, pushed downwards by a weaker-than-expected economy, with one analyst predicting it will match record lows. Analysts at TD Securities recently predicted the loonie would trade in the 71-cent to 74-cent U.S. range this year. It was trading at 75.3 cents U.S. as of Tuesday morning. "Prospects for Canadian dollar have shifted considerably to the downside over the medium-term," foreign exchange strategist Mazen Issa wrote, as quoted at CBC.

TORONTO - Canada's main stock index closed lower along with U.S. markets as key commodities fell, while the loonie slipped lower as the Bank of Canada governor We’ve seen a pretty big run- up in the markets.” He said that with a growing number of indicators suggesting a slow-down in the economy

North American stock markets took a step back in late - morning trading as the loonie also traded lower. The Canadian dollar was trading at 78.35 cents U.S., down from an average price of 78.85 cents U.S. on Friday. The December crude contract was down .38 to .38 (U.S.) per barrel and

The June gold contract was up US$1.20 at US$1,297.50 an ounce and the July copper contract was up 1.40 cents at US$2.74 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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Energy stocks lead Toronto market higher as North American stocks bounce back.
Energy stocks lead Toronto market higher as North American stocks bounce back

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