Latest news with #CADUSD
Toronto Star
26-05-2025
- Business
- Toronto Star
S&P/TSX composite up more than 200 points in late-morning trading
TORONTO - Canada's main stock index was up more than 200 points in late-morning trading, helped by strength in the technology, energy and industrial sectors. The S&P/TSX composite index was up 202.65 points at 26,082.60. U.S. stock markets are closed for the Memorial Day holiday. The Canadian dollar traded for 72.84 cents US compared with 72.70 cents US on Friday. The July crude oil contract was down seven cents US at US$61.46 per barrel and the July natural gas contract was down four cents US at US$3.69 per mmBTU. ARTICLE CONTINUES BELOW The June gold contract was down US$27.70 at US$3,338.10 an ounce and the July copper contract was down less than a penny US at US$4.84 a pound. This report by The Canadian Press was first published May 26, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
CTV News
26-05-2025
- Business
- CTV News
S&P/TSX composite up more than 200 points in late-morning trading
The Bay Street Financial District is shown with the Canadian flag in Toronto on Friday, Aug. 5, 2022. THE CANADIAN PRESS/Nathan Denette Canada's main stock index was up more than 200 points in late-morning trading, helped by strength in the technology, energy and industrial sectors. The S&P/TSX composite index was up 202.65 points at 26,082.60. U.S. stock markets are closed for the Memorial Day holiday. The Canadian dollar traded for 72.84 cents US compared with 72.70 cents US on Friday. The July crude oil contract was down seven cents US at US$61.46 per barrel and the July natural gas contract was down four cents US at US$3.69 per mmBTU. The June gold contract was down US$27.70 at US$3,338.10 an ounce and the July copper contract was down less than a penny US at US$4.84 a pound. This report by The Canadian Press was first published May 26, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) The Canadian Press
Globe and Mail
08-05-2025
- Business
- Globe and Mail
Canadian dollar hits three-week low on broad-based USD strength
The Canadian dollar CADUSD fell to a three-week low against its U.S. counterpart on Thursday as the Federal Reserve's patient stance on easing boosted the greenback and after the Bank of Canada said a lengthy trade war could put financial stability at risk. The loonie was trading 0.7% lower at 1.3930 per U.S. dollar, or 71.79 U.S. cents, after touching its weakest intraday level since April 16 at 1.3930. Fed Chair Jerome Powell on Wednesday signaled that the central bank was effectively sidelined until the Trump administration's sweeping policy agenda takes full effect. 'The CAD weakness today is in line with broad USD strength after a relatively hawkish Fed meeting yesterday,' said Jayati Bharadwaj, a global FX strategist at TD Securities. 'Powell signaled caution and no hurry to resume the easing cycle.' The U.S. dollar gained against a basket of major currencies, with market nerves calmed by news of a trade deal between the United States and Britain. Canada sends about 75% of its exports to the United States, including oil. U.S. crude futures were up 3.1% at $59.87 a barrel on hopes for a breakthrough in looming trade talks between the U.S. and China. A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and making it harder for households and businesses to pay down debt, the BoC said. Canadian employment data for April, due on Friday, could shed light on the trade war's impact on the domestic economy. The median forecast is for a modest jobs gain of 2,500 and for the unemployment rate to edge up to 6.8% from 6.7% in March. Canadian bond yields rose across the curve, tracking moves in U.S. Treasuries. The 10-year was up 10 basis points at 3.200%.
