While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
Comcast is working on a device to monitor people's health at home, as well as some media and communications services, according to people familiar with the plans.Technologyread more
Stock pickers are having their best year in a decade, according to Bank of America Merrill Lynch.Marketsread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Binky Chadha, chief equity strategist at the firm, expects the market to pull back over the next three months before quickly bouncing back up.Investingread more
The launch comes as Apple's laptops have been criticized for a keyboard design that users say breaks easily and results in key presses resulting in doubled-up characters or...Technologyread more
The Twitter co-founder and Obvious Ventures partner spoke about Beyond Meat on Tuesday at Collision Conference in Toronto.Technologyread more
CNBC's Jim Cramer says Morgan Stanley cutting its worst-case forecast on Tesla so drastically from $97 per share appears to be a gimmick.Investingread more
* Canadian dollar falls 0.2% against the greenback
* Price of U.S. oil rises 1.7%
* Canadian bond prices rise across a flatter yield curve
TORONTO, May 13 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Monday as investors worried about the damage to the global economy of an escalating trade dispute between the United States and China.
Global stocks added to last week's losses as U.S.
President Donald Trump warned Beijing not to retaliate in a trade dispute after China said it "will never surrender to external pressure." Canada runs a current account deficit and exports many commodities, including oil, so its economy could be hurt by a slowdown in the global flow of capital or trade. Oil prices rose as increasing concerns about supply disruptions in the Middle East offset worries over global
economic growth prospects. U.S. crude oil futures were up
1.7% at $62.73 a barrel.
At 8:59 a.m. (1259 GMT), the Canadian dollar was
trading 0.2% lower at 1.3434 to the greenback, or 74.44 U.S. cents. The currency traded in a range of 1.3420 to 1.3453. On Friday, the loonie touched a nine-day high at 1.3481 after data showing a record jobs gain. Speculators have cut their bearish bets on the Canadian dollar for the third straight week, data from the U.S. Commodity Futures Trading Commission and Reuters calculations showed. As of May 7, net short positions had fallen to 46,115 contracts from 46,745 in the prior week. Canadian government bond prices were higher across a flatter yield curve in sympathy with U.S. Treasuries, with the two-year up 5.5 Canadian cents to yield 1.612% and the 10-year rising 39 Canadian cents to yield 1.691%. The gap between the yields on the 10-year bond and the 3-month T-bill narrowed by 4.2 basis point to a spread of 1.6 basis points in favor of the longer-dated maturity, close to inversion. Canada's inflation report for April is due on Wednesday.
(Reporting by Fergal Smith Editing by Nick Zieminski)