Business News Toronto

  • NEW YORK, Jan 22- The dollar rose against a basket of other major currencies on Tuesday, a day after the International Monetary Fund trimmed its global growth forecasts, and as worries about U.S.-Chinese trade tensions drove investors to shun riskier currencies. Lack of signs of progress in trade talks between the United States and China, the IMF downgrade and...

  • Jan 21- Canada's main stock index rose on Monday to a seven-week high as shares of financial and industrial companies climbed, shaking off a weaker tone on global stock markets after data showing slower economic growth in China. *The Toronto Stock Exchange's S&P/TSX composite index closed up 50.33 points, or 0.3 percent, at 15,354.16, its highest since Dec. 3, 2018.

  • **BRUSSELS- ECB President Mario Draghi and ECB Executive Board member Benoit Coeure participate in Eurogroup meeting in Brussels, Belgium. DAVOS, Switzerland World Economic Forum annual meeting. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia issues Non-manufacturing Business Outlook Survey for January- 1330 GMT.

  • hold@ TORONTO/ OTTAWA, Jan 18- Canada's annual inflation rate climbed in December, matching the Bank of Canada's 2 percent target, but stable underlying price pressures were set to forestall additional interest rate hikes over the coming months as lower oil prices hurt the economy. Economists said the impact on the index of a 22 percent jump in airfares will be...

  • PHILADELPHIA, Pennsylvania- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on "Business, Equity and the Future of Philadelphia" before event, "The Prosperity Symposium: Economic Mobility Research in Action"- 1600 GMT SOMERSET, New Jersey- Federal Reserve Bank of New York President John Williams speaks on the U.S. economic outlook and...

  • **VIENNA- Hungarian central bank Deputy Governor Marton Nagy, Czech National Bank board member Vojtech Benda and Polish central bank Vice President Anna Trzecinska to participate in a panel discussion about monetary policy at a Euromoney conference on central and eastern Europe.- 0900 GMT. **VIENNA- European Central Bank Governing Council member Ewald Nowotny...

  • **MADRID- Bank of Spain Governor Pablo Hernández de Cos will deliver a speech on the Spanish economy at the 9th edition of Spain Investors Day- 1900 GMT STRASBOURG, France- ECB President Mario Draghi participates in meeting of the plenary of the European Parliament to mark the 20th anniversary of the euro in Strasbourg 1030 GMT. STRASBOURG, France- The European...

  • Jan 14- Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc for $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. Vancouver- based Goldcorp's Toronto- listed shares rose 7 percent to C $13.75 at 12:03 p.m. ET. Newmont Mining's shares were down about 8.8 percent at...

  • Jan 14- Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc in a deal worth $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. The new company, to be called Newmont Goldcorp, is set to overtake current leader Barrick Gold's annual production and will have mines in the...

  • STRASBOURG, France- The European Central Bank's President Mario Draghi addresses the European Parliament and responds to questions from lawmakers about the ECB's annual report for 2017.- 1500 GMT OSLO- Norwegian Finance Minister Siv Jensen delivers speech on the "state of the nation" at a breakfast seminar- 0800 GMT. PHILADELPHIA, United States- Federal...

  • STRASBOURG, France- The European Central Bank's President Mario Draghi addresses the European Parliament and responds to questions from lawmakers about the ECB's annual report for 2017.- 1500 GMT OSLO- Norwegian Finance Minister Siv Jensen delivers speech on the "state of the nation" at a breakfast seminar- 0800 GMT. PHILADELPHIA, United States- Federal...

  • NEW YORK, Jan 11- The dollar rose against the euro on Friday, boosted by technical factors after the single currency hit key resistance levels, even as the greenback's outlook remained bleak amid cautious signals from the Federal Reserve about further rate hikes. "It seems like we're getting some model and stop-loss buying on the dollar after the euro hit...

  • NEW YORK, Jan 10- An index of world stock markets was little changed on Thursday after a four-day winning streak, as investors fretted over the lack of clear signs that a U.S.- China trade spat was resolved and over sluggish global economic growth. China said three days of talks with the United States that wrapped up on Wednesday had established a "foundation" to...

  • *China, U.S. agree to extend trade talks. NEW YORK, Jan 10- The dollar rallied from three-month lows on Thursday, with investors reducing bearish positions on the currency as they await resolution of U.S.- China trade negotiations, the U.S. government shutdown, and Britain's exit from the European Union. "The anti-dollar rally we saw yesterday is just stalling out,"...

  • RALEIGH, N.C., United States- Richmond Fed President Tom Barkin speaks in North Carolina to the Greater Raleigh Chamber of Commerce at its 2019 Economic Forecast event- 1335 GMT. MILWAUKEE, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before event, Milwaukee Business Journal...

  • *Focus on U.S.- China talks. NEW YORK, Jan 8- The dollar rose on Tuesday, rebounding from a nearly three-month low in the previous session amid expectations of a pause in the U.S. interest rate hiking cycle, as investors focused on the risk of a euro zone recession after data showed more signs of slowing in the region. The drop was modest, but it underscored concerns...

  • WEDNESDAY, JANUARY 9 RIVERWOODS, Illinois- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy at the Discover Financial Services meeting- 1400 GMT. BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Boston Economic Club- 1630 GMT.

  • *Focus on U.S.- China talks. NEW YORK, Jan 7- The dollar fell on Monday, pressured by growing expectations the U.S. On Friday, Powell told the American Economic Association the Fed is not on a preset path of rate hikes and it will be sensitive to the downside risks markets are pricing in.

  • NEW YORK, Jan 7- An index of world stocks rose on Monday, extending strong gains logged last week as investors took heart from Friday's robust U.S. employment data and a message from the U.S. central bank that it would be patient and flexible in policy decisions this year. Growing bets the Federal Reserve will halt its multi-year rate hike cycle sent the dollar lower...

  • NEW YORK, Jan 7- The dollar weakened on Monday, pressured by growing expectations the U.S. On Friday, Powell told the American Economic Association that the Fed is not on a preset path of rate hikes and that it will be sensitive to the downside risks markets are pricing in. "Fed Chair Powell's comments Friday that policymakers were flexible and' listening carefully'...