Canadian resource players meet the US high-yield debt market

Canadian resource players meet the US high-yield debt market

The combination of Canadian natural resource companies and the U.S. high yield market seems as natural as a hand and a glove. The latest example played out Tuesday when Vancouver-based First Quantum Minerals launched a US$1.5-billion offering of senior notes, with one tranche for six years and the other for eight years. Much of the […]

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AUD/USD forecast: This downfall may be more than a correction - 5 technical reasons

Minutes show RBA in no rush to do anything

AUD The Aussie Dollar continues to be extremely sensitive to moves in global stock markets, as well as to more local influences such as the RBA Minutes. Whilst on Monday it was able to hold onto a US 79 cents handle and thus remain above Friday’s 0.7895 low, yesterday the AUD appeared far more fragile. […]

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SpaceX rocket launches Luxembourg satellite for NATO

CANADA FX DEBT-C$ hits 6-day low as greenback rallies, data disappoints

(Adds strategist quotes, details, updates prices) * Canadian dollar at C$1.2645, or 79.08 U.S. cents * Canadian wholesale trade falls 0.5 percent in December * Bond prices little changed across the yield curve * Canada-U.S. 2-year spread posts its widest since June 26 By Fergal Smith TORONTO, Feb 20 (Reuters) – The Canadian dollar weakened […]

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The Kiwi Dollar Stumbles with FED Talk to Drive the USD Today

C$ hits 6-day low as greenback rallies, data disappoints

Reuters By Fergal Smith TORONTO, Feb 20 (Reuters) – The Canadian dollar weakened to a nearly one-week low against its U.S. counterpart on Tuesday as the greenback rose broadly and domestic data showed an unexpected drop in December wholesale trade. At 4 p.m. (2100 GMT), the Canadian dollar CAD=D4 was trading 0.7 percent lower at […]

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USD/CAD - Dollar Steady But Nervous on Eve of Federal Budget

USD/CAD – Dollar Steady But Nervous on Eve of Federal Budget

There’s been lots to consider in the last few weeks for the Canadian dollar, not least because the world’s second and fourth largest countries by area are facing huge uncertainty over the future of the Free Trade Agreement which has been in place for almost 30 years. With the U.S. dollar on a weaker trajectory […]

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USD/CAD soared on muted Canadian economic data and oil glut

USD/CAD soared on muted Canadian economic data and oil glut

CAD under pressure on muted Canadian economic data & dovish stance by BOC last week. CAD is being undermined today by lower oil prices. USD/CAD is now trading around 1.2638, in late Tuesday NY session, up  by almost 0.61% amid broader strength in greenback coupled with muted Canadian economic data and news on a Canadian oil glut. […]

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North American markets fall into the red; dollar down half a cent

North American markets fall into the red; dollar down half a cent

 TORONTO — The loonie lost more than half a cent on Tuesday as Canada’s main stock index fell and U.S. stocks ended a six-day winning streak following a long holiday weekend. The Canadian dollar closed at an average trading value of 79.23 cents US, down 0.51 of a cent US from Friday. “The dollar is […]

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Unisync Reports First Quarter Financial Results

Unisync Reports First Quarter Financial Results

VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) — Unisync Corp. (TSX-V:UNI) (the “Company”) operates through two business segments: Unisync Group Limited (“UGL”) of Mississauga, Ontario and Peerless Garments LP (“Peerless”) of Winnipeg, Manitoba. The Company today reported revenues of $13.6 million for the three months ended December 31, 2017, down from the $14.5 million […]

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TSX up 19 points in midafternoon trading; dollar falling

TSX up 19 points in midafternoon trading; dollar falling

 TORONTO — The loonie lost more than half a cent on Tuesday as Canada’s main stock index fell and U.S. stocks ended a six-day winning streak following a long holiday weekend. The Canadian dollar closed at an average trading value of 79.23 cents US, down 0.51 of a cent US from Friday. “The dollar is […]

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Maxar Technologies Stock Upgraded: What You Need to Know

Maxar Technologies Stock Upgraded: What You Need to Know

Every day, Wall Street analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. But do these analysts even know what they’re talking about? Today, we’re taking one high-profile Wall Street pick and putting it under the microscope… Shares of Canadian aerospace company Maxar Technologies (NYSE: MAXR) began trading on the NYSE […]

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The huge oil discount is a Canadian national tragedy

Pipeline glut costs Canada billions Ok, here is a map of Canada showing where the oilsands are. It’s the third-largest reserve of crude outside of Saudi Arabia and Venezuela. As you can see, it’s surrounded by ocean in three directions. To the south, is the United States. In an astonishing example of short-sightedness, virtually the only […]

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Canada sets new record with 20.8 million visitors in 2017: StatsCan

Canada sets new record with 20.8 million visitors in 2017: StatsCan

OTTAWA — Statistics Canada says international tourism set an annual record during Canada 150 last year, with 20.8 million trips of one or more nights. The overall figure surpasses the previous record of 20.1 million set in 2002. The statistics agency says the number of U.S. tourists rose 3.1% in 2017 to reach 14.3 million, […]

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NAFTA and the US dollar, what if...? - Capital Economics

NAFTA and the US dollar, what if…? – Capital Economics

Analysts at Capital Economics explained that there are forces that could push the dollar higher again. Key Quotes: “We may be underestimating the impact of the deficit-financed stimulus on economic growth further ahead. But the biggest immediate risk is if President Trump were to follow through on his protectionist threats. The announcement on steel tariffs has […]

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Uni-Select Reports Growth In Sales, EBITDA For 4th Quarter And Full Year 2017

Uni-Select Reports Growth In Sales, EBITDA For 4th Quarter And Full Year 2017

Uni-Select Inc. has reported its financial results for the fourth quarter and the year ended Dec. 31, 2017. “Our fourth quarter performance was mixed. While our consolidated sales and adjusted EBITDA increased by 42.6 percent and 10.4 percent, respectively, mainly driven by acquisitions, we continued to work through some challenges at FinishMaster US. This segment […]

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North American markets fall into the red, loonie down half a cent

North American markets fall into the red, loonie down half a cent

A Canadian dollar is pictured in North Vancouver, B.C. Wednesday, March 5, 2014. The Toronto Stock Exchange’s S&P/TSX composite index was down 35.65 points to 15,416.99, after 90 minutes of trading. Jonathan Hayward / THE CANADIAN PRESS TORONTO — The loonie lost more than half a cent on Tuesday as Canada’s main stock index fell […]

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