Business News Toronto

  • Last month, it said it would sell its Lord+ Taylor department store business to fashion rental service company Le Tote Inc for about $100 million. The company's net loss from continuing operations widened to C $462 million, or C $2.51 per share in the quarter ended Aug. 3, from C $104 million, or 58 Canadian cents a year earlier. Total revenue fell to C $1.85 billion from...

  • *Yen weakens on U.S.- China trade optimism. NEW YORK, Sept 11- The euro fell to a one-week low against the greenback on Wednesday, a day before the European Central Bank is expected to add further stimulus in a bid to boost the region's economy. The yen was the weakest since Aug. 1 as optimism over U.S.- China trade talks boosted risk sentiment and reduced demand for...

  • *Break below $1,497/ oz could trigger fall to $1,453- technicals. Sept 9- Gold fell to an over two-week low on Monday, briefly breaking below the key $1,500 support, as renewed risk appetite and gaining U.S. yields outweighed support for bullion from expectations for interest rate reductions by top central banks. Treasury yields and a "bit of a renewed risk appetite"...

  • *Report that Germany may circumvent debt rules to boost spending. NEW YORK, Sept 9- The euro rose on Monday after a report that Germany may boost fiscal stimulus increased hopes that governments will act to boost growth in the region, though expectations of further central bank easing kept a lid on gains. Germany is considering the creation of a "shadow budget" that...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? BENGALURU, Sept 6- Group of 10 currencies will be driven by the U.S.- China trade war and actions by the U.S. "The recent escalation in the trade war between the U.S. and China is a dollar positive story.

  • NEW YORK, Sept 5- The yen fell on Thursday as global tensions including the U.S.- China trade conflict showed signs of thawing, bolstering investor confidence and reducing demand for safe-haven currencies. The most notable development was China and the United States agreeing on Thursday to hold high-level talks in early October in Washington.

  • OTTAWA, Sept 5- Toronto's housing market tightened in August, with fewer new listings than a year earlier despite an increase in sales, the Toronto Real Estate Board said on Thursday. The following are details on Toronto home sales and prices in August, released by the Toronto Real Estate Board on Sept. 5, 2019. AVERAGE PRICE C $792,611 C $806,755 C $765,252 3.6% NEW...

  • NEW YORK/ TORONTO, Sept 4- Slowing global economies, the escalating trade war between Washington and Beijing and a warning sign of recession flashing in the U.S. Treasury market have all fed expectations the Federal Reserve is poised to lower rates at the close of its Sept. 17-18 meeting. John Williams, president of the hugely influential New York Federal Reserve,...

  • NEW YORK/ TORONTO, Sept 4- With just two weeks to go before their next policy-setting meeting, leading Federal Reserve officials are describing the U.S. economy and what they should do about it in subtly different ways, hints that a robust debate about whether and how much to cut interest rates is underway. John Williams, whose job running the New York Federal...

  • The U.S. shale business is feeling the effects of lower crude oil prices, capital constraints imposed by Wall Street investors demanding fiscal discipline and well spacing issues, Papa told investors at a Barclays energy conference in New York. He said the best locations in the major U.S. shale basins- the Permian Basin, Bakken and Eagle Ford Shale- are being...

  • TORONTO, Sept 4- Dallas Federal Reserve Bank President Robert Kaplan said Wednesday he is assessing the outlook for the economy, not just for this year but for 2020 as well, and will not make a decision about what he thinks the Fed should do on rates next until its September policy meeting.

  • TORONTO, Sept 4- Dallas Federal Reserve Bank President Robert Kaplan said Wednesday he is focused on assessing whether weakness in manufacturing, sparked by escalating trade tensions, spreads to the biggest and strongest part of the U.S. economy, consumer spending. Kaplan, speaking in Toronto, said he was watching to see if the weakness intensifies, and whether...

  • Aerial View of Taxis, Manhattan, New York City

    The U.S. is home to some of the most digitally secure cities in the world, yet it lags behind in other important safety measures, a new study has found.

  • NEW YORK, Aug 29- While there seems to be no end on the horizon to this year's dramatic rally in U.S. A protracted U.S.- China trade war, a darkening global economic outlook, and the Federal Reserve's monetary easing stance are bullish for Treasury prices. "This feels to me like dot-com level cockiness on this side of the bond bulls," said Kevin Muir, market strategist at...

  • Aug 27- Gold rose more than 1% on Tuesday as fears of a possible recession gripped investors following disappointing U.S. economic data and an ongoing U.S.- China trade dispute, while silver breached $18 for the first time in nearly two years. Spot gold was up 1% at $1,540.57 per ounce at 1:41 p.m. EDT, close to a high of $1,554.56 it hit on Monday, a level last reached...

  • WASHINGTON, Aug 27- U.S. consumer confidence fell less than expected in August, with households still upbeat about the labor market despite an escalation in trade tensions, which has cast a shadow over the longest economic expansion in history. While the survey from the Conference Board on Tuesday did not change expectations that the Federal Reserve will cut...

  • NEW YORK, Aug 27- Equity indexes on Wall Street gave up earlier gains on Tuesday amid uncertainty over the prospects for a U.S.- China trade deal, while demand for U.S. treasuries and precious metals grew, showing an appetite for less-risky investments. Stock markets in Asia and Europe had advanced following U.S. President Donald Trump's comment on Monday that...

  • CAIRO, Aug 26- Egyptian billionaire Naguib Sawiris said on Monday he intended to invest in gold and copper mining in Egypt but was waiting to see the details of a new mining law designed to attract more investment. La Mancha has investments in Toronto- listed Endeavor Mining, Australia's Evolution Mining and Ghana- focused Golden Star Resources.

  • OTTAWA, Aug 22- Canadians have a message for politicians appearing on their front stoops ahead of Canada's upcoming national election in October: life is getting more expensive. Conservative leader Andrew Scheer and Trudeau, who took office in 2015, are in a statistical tie nationally, polls show, but the Liberals are outpacing the Conservatives in Quebec and...

  • WASHINGTON, Aug 15- U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial market fears that the economy was heading into recession. The upbeat report from the Commerce Department on Thursday, however, will likely not change expectations that the Federal Reserve...