Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
Stocks that are most prone to swine flu fears include Bloomin' Brands, Phibro, Darling Ingredients, Deere, and Hormel, according to analysts.Marketsread more
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
Sources say the talks, which have been happening over the last several weeks, have picked up speed in recent days and could lead to an announcement regarding a merger or...Autosread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Book income helped self-proclaimed socialist Bernie Sanders join the millionaire class, a group he has often criticized during his decades in politics.Politicsread 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
An out-of-this-world exchange-traded fund just hit the market, and its creator says it capitalizes on lesser-known industries involved in the space race.ETF Edgeread more
You should use your summer vacation to unwind from work stress. Here are some tips for disconnecting while you're away.Technologyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
* Canadian dollar trades near flat against the greenback
* Price of U.S. oil rises 1.1%
* Canadian home prices fail to rise for eighth straight month
* Canadian bond prices dip across a steeper yield curve
TORONTO, May 14 (Reuters) - The Canadian dollar was little changed against its U.S. counterpart on Tuesday as higher oil prices offset investor worries about an escalating trade war between the United States and China.
Global stocks steadied near a seven-week low as
U.S. President Donald Trump defended his trade war with China, promising a deal with Chinese President Xi Jinping soon, even as fears escalated about a protracted battle. 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 sharply after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni armed movement aligned with Iran had attacked facilities belonging to state oil
company Aramco. U.S. crude oil futures were up 1.1% at
$61.73 a barrel.
At 9:20 a.m. (1320 GMT), the Canadian dollar was
trading nearly unchanged at 1.3480 to the greenback, or 74.18 U.S. cents. The currency, which has advanced 1.3% since the start of the year, traded in a narrow range of 1.3457 to 1.3488. Canadian Prime Minister Justin Trudeau's strategy to prioritize spending on the middle class at the beginning of his four-year term will not keep growth humming ahead of a general election in October, some economists said. Domestic data showed that home prices failed to rise for the eighth consecutive month. The Teranet-National Bank Composite House Price Index was unchanged last month from March.
Canada's inflation report for April is due on Wednesday. Canadian government bond prices were lower across a steeper
yield curve, with the two-year down 1.5 Canadiancents to yield 1.591% and the 10-year falling 9
Canadian cents to yield 1.674%.
(Reporting by Fergal Smith; editing by Jonathan Oatis)