01202017Fri
Last update: Fri, 20 Jan 2017 09pm

Americas

Markets - Equity - Americas

Valeant helps push TSX higher despite drop in oil shares TORONTO: Canada's main stock index jumped on Monday as a gain in Valeant Pharmaceuticals International Inc helped overcome a drop in oil and gas shares spurred by lower crude prices.The rise in drugmaker Valeant came after Salix Pharmaceuticals Inc agreed to Valeant's increased takeover offer of $173 per share cash in a $10.96 billion deal.Oil prices dropped again as global inventories climbed, with U.S. crude trading at a six-year low.The gain in the Toronto stock market's benchmark TSX index on Monday follows a 1.5 percent drop the previous week, when investors speculated the U.S. Federal Reserve might soon opt for an interest rate increase. The Fed is set to release a statement later this week."The TSX is holding up surprisingly well, given that crude oil is crashing," said Colin Cieszynski, chief market strategist at CMC Markets. "The question is, will it be able to hold on to these gains?""Overall it's ...

Markets - Equity - Americas

Energy, strong dollar drag Wall St lower NEW YORK: US stocks slumped on Friday, putting the S&P 500 on track for its third straight weekly decline, as a robust dollar threatened to erode the profits of multinationals and tumbling crude oil prices pressured energy shares. Crude oil fell 3.7 percent to $45.29 a barrel, extending its losses throughout the morning, after the International Energy Agency said a global glut continued to build and US oil production showed no signs of slowing. The ...

Markets - Equity - Americas

TSX opens lower on oil prices, energy shares TORONTO: Canada's main stock index fell on Friday as renewed concerns about oversupply put pressure on oil prices, sending shares of energy producers lower.The Toronto Stock Exchange's S&P/TSX composite index was down 53.40 points, or 0.36 percent, at 14,717.32 shortly after the open. Copyright Reuters, 2015 ...

Markets - Equity - Americas

TSX drops as oil prices drag energy shares lower TORONTO: Canada's main stock index fell on Friday as renewed concern about oversupply weighed on oil prices, sending shares of energy producers lower. Oil's latest drop was driven by a report from the International Energy Agency that cautioned that the global supply glut was showing no signs of abating. The Toronto stock market's benchmark TSX index looked on track for a 2 percent fall this week.Global equity markets have been under pressure since a bullish ...

Markets - Equity - Americas

TSX ends higher as copper price boosts mining stocks TORONTO: Canada's main stock index edged higher on Thursday as higher copper prices supported shares of some mining companies, offsetting a decline in the energy sector.The Toronto Stock Exchange's S&P/TSX composite index was up 31.52 points, or 0.21 percent, at 14,770.72. Seven of the 10 main sectors on the index were higher.Copyright Reuters, 2015 ...

Markets - Equity - Americas

Oil prices down as supply offsets dollar, Brent-US spread near week high NEW YORK: Global oil prices fell on Thursday on estimates showing another big supply build at the delivery point for the U.S. crude contract, with trade volatile ahead of the expiry of the front-month in benchmark Brent oil.The reopening of the Houston Shipping Channel for oil imports and the possibility of higher total U.S. oil inventories stemming from a tentative deal to end a U.S. refinery strike added to the bearishness across the oil futures ...

Markets - Equity - Americas

Wall St bounces back in broad rally; bank shares gained NEW YORK: US stocks rose in a broad rally on Thursday, bouncing back from two days of losses, helped by a weaker dollar that eased worries about corporate profits and tempered the outlook on the timing of a rate increase by the Federal Reserve.The day's gains lifted the Dow and S&P 500 back into positive territory for the year so far.Banking shares rallied in the wake of the Federal Reserve's annual check-up on the industry's ...