Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
May 8 (Reuters) - Canada's main stock index rose on Wednesday, after two sessions of declines, as positive earnings and a rebound in energy stocks buoyed sentiment with focus on a crucial round of trade talks between the United States and China.
* Trading has been volatile this week after U.S. President Donald Trump on Sunday threatened to raise tariffs on $200 billion worth of Chinese goods this week, prompting investors to pile into safe-haven assets.
* Despite official announcement on Wednesday saying the United States would raise tariffs, investors remained hopeful about a trade deal, with Vice Premier Liu He set to meet Washington officials this week.
* Lifting the mood was data that showed Canadian housing starts surged nearly 23 percent in April, compared with the previous month, as groundbreaking increased on multiple unit and single detached urban homes.
* At 9:47 a.m. ET (13:47 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 47.6 points, or 0.29 percent, at 16,405.35.
* Eight of the 11 major S&P sectors were higher, with the energy sector climbing 1.1 percent as price of oil, one of Canada's major exports, rose.
* The largest percentage gainer on the TSX was Element Fleet Management Corp, which jumped 15.5 percent after reporting a better-than-expected quarterly profit. Kinross Gold Corp rose 8.4 percent after results.
* Shares of Thomson Reuters Corp rose more than 1 percent after reporting a stronger-than-expected quarterly profit, boosted by demand for information it sells to legal professionals, and reaffirmed its forecast for the rest of this year and 2020.
* Home Capital Group Inc fell 8.2 percent, the most on the TSX, after results. The second biggest decliner was Canfor Corp, down 3.5 percent.
* The most heavily traded shares by volume were Knight Therapeutics Inc, Sherritt International Corp and Kinross Gold.
* The TSX posted three new 52-week highs and five new lows.
* Across all Canadian issues there were 10 new 52-week highs and 11 new lows, with total volume of 34.91 million shares.
* On the TSX, 162 issues were higher, while 75 issues declined for a 2.16-to-1 ratio favouring gainers, with 22.47 million shares traded. (Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)