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Bank of Canada

Bank of Canada holds key rate steady, but says a future cut is possible

OTTAWA: The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects...

Published 04 Jun, 2025 08:29pm

Business & Finance

Canadian dollar heads for seventh straight weekly gain

TORONTO: The Canadian dollar moved closer on Thursday to a recent five-month high against its US counterpart as oil...

Published 19 Apr, 2025 05:45am

Business & Finance

Canadian dollar pares weekly gain

TORONTO: The Canadian dollar weakened against its US counterpart on Friday, giving back some of its weekly gain, as...

Published 07 Apr, 2025 02:49am

Business & Finance

Bank of Canada cuts rates to counter tariffs, will be cautious about future moves

OTTAWA: The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 2.75% and warned of “a new...

Published 12 Mar, 2025 07:38pm

World

Trump, not yet in office, already a figure in global economic policy

WASHINGTON: The world’s economic reckoning with the incoming administration of U.S. President-elect Donald Trump...

Published 19 Dec, 2024 08:23am

Business & Finance

Bank of Canada cuts rates by 50 bps, frets over possible Trump tariffs

OTTAWA: The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday and indicated that...

Published 11 Dec, 2024 09:56pm

Markets

Aussie drops after RBA softens tone; US dollar steady before CPI

TOKYO: The Australian dollar sank towards a four-month low on Tuesday after the central bank softened its tone on...

Published 10 Dec, 2024 09:50am

Markets

Loonie, Aussie in focus while US dollar idles

SINGAPORE: The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings...

Published 09 Dec, 2024 09:52am

Business & Finance

Canada economic growth slows

OTTAWA: Canada’s economic growth slowed in line with expectations to 1.0 percent in the third quarter, the ...

Published 30 Nov, 2024 06:26am

Business & Finance

Bank of Canada head raises prospect of rate cuts as growth fears mount, FT reports

Bank of Canada Governor Tiff Macklem opened the door to increasing the pace of interest rate cuts, the Financial...

Published 15 Sep, 2024 10:13am

Business & Finance

Canadian dollar falls against the greenback

TORONTO: The Canadian dollar weakened to a two-week low against its US counterpart on Friday as oil prices fell and...

Published 09 Sep, 2024 07:25am

Business & Finance

Bank of Canada cuts rates for third time in a row, frets over weak growth

OTTAWA: The Bank of Canada on Wednesday cut its key policy rate by 25 basis points to 4.25% as forecast but...

Published 04 Sep, 2024 09:07pm

Business & Finance

Canadian dollar posts longest losing streak in six years

TORONTO: The Canadian dollar weakened for an eighth straight day against its US counterpart on Friday as oil prices...

Published 29 Jul, 2024 06:37am

Markets

Nikkei little changed ahead of key US data

TOKYO: Japan’s Nikkei share average was little changed on Friday as investors sought further direction from a key...

Published 08 Jun, 2024 07:00am

Markets

Euro steadies ahead of ECB decision, dollar dips

SINGAPORE: The euro firmed a touch on Thursday ahead of a policy decision from the European Central Bank (ECB) where...

Published 06 Jun, 2024 09:58am

Markets

TSX falls near 1% as traders dial back rate cut expectations

Canada’s main stock index fell nearly 1% on Wednesday after the Bank of Canada (BoC) ruled out rate cuts until there...

Published 10 Apr, 2024 08:17pm

Business & Finance

Bank of Canada: can’t cut rates until it sees more inflation progress

OTTAWA: The Bank of Canada (BoC) kept its key interest rate unchanged at a near 23-year high of 5% on Wednesday and...

Published 10 Apr, 2024 07:58pm

Business & Finance

Bank of Canada keeps rates on hold, says too early to consider a cut

OTTAWA: The Bank of Canada (BoC) kept its key overnight rate steady at 5% on Wednesday as expected and said it was...

Published 06 Mar, 2024 09:07pm

Business & Finance

Economists pilloried for getting forecasts wrong

PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global...

Updated 04 Feb, 2024 10:10pm

Business & Finance

Dollar touches 2-week high, euro weaker

NEW YORK: The US dollar touched a two-week high on Wednesday, while the euro was weak across the board as markets...

Published 07 Dec, 2023 04:35am

Business & Finance

US dollar gains as risk sentiment sours

NEW YORK: The US dollar edged higher against a basket of currencies on Wednesday, as investors’ appetite for...

Published 26 Oct, 2023 06:08am

Markets

J.P.Morgan, Goldman Sachs expect Canada central bank to hold rates next week

J.P.Morgan and Goldman Sachs now expect the Bank of Canada to keep policy rates unchanged at 5% for the second...

Published 18 Oct, 2023 12:19pm

Markets

TSX futures flat on rate hike jitters, lower copper prices

Futures for Canada's resource-heavy main stock index were subdued on Thursday as concerns over rising interest rates...

Published 29 Jun, 2023 05:00pm

Markets

India’s central bank holds rates, as expected

MUMBAI: India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as...

Published 08 Jun, 2023 10:21am

Business & Finance

Bank of Canada hikes rates to 4.75%, highest in 22 years

OTTAWA: The Bank of Canada on Wednesday hiked its key overnight benchmark rate to 4.75%, the highest level in 22...

Published 07 Jun, 2023 07:48pm

Markets

Asian shares extend global rally, oil rises after Saudi cuts

SYDNEY: Most Asian stock markets extended a global rally on Monday on optimism the Federal Reserve would pause its...

Published 05 Jun, 2023 09:40am

Markets

Yen drops, dollar on defensive as central banks seek to reassure markets

TOKYO: Currency markets showed some cautious optimism after global authorities moved to stem contagion from a...

Published 20 Mar, 2023 10:09am

Business & Finance

Canada economy stalls in 2022 fourth quarter

OTTAWA: Canada’s economy stalled at the end of 2022 with zero growth, the government statistical agency said...

Published 06 Mar, 2023 07:36am

Markets

Dollar near eight-month low ahead of central bank meetings

SINGAPORE: The dollar lolled near an eight-month low against its peers on Thursday, as a gloomy US corporate...

Published 26 Jan, 2023 09:14am

Markets

TSX pares weekly gain as investors brace for further rate hikes

TORONTO: Canada’s main stock index fell on Friday, including declines for financials and technology, as investors...

Published 05 Dec, 2022 05:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 16	283.37
USD PKR Interbank Buying / Jun 16	283.17
USD to Japanese Yen / Jun 17	144.76
USD to Swiss Franc / Jun 17	0.81
Pound Sterling to USD / Jun 17	1.36
Euro to USD / Jun 17	1.16
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
Nasdaq / Jun 14	19,406.83
Dow Jones / Jun 14	42,197.79
India Sensex / Jun 17	81,649.49
Tokyo Nikkei / Jun 17	38,502.10
Hang Seng / Jun 17	23,945.81
FTSE 100 / Jun 17	8,845.59
Germany DAX 30 / Jun 17	23,441.60
France CAC40 / Jun 17	7,694.59

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 16	16,785
Gold 10 Grams PKR / Jun 16	310,613
Crude Oil USD/Barrel / Jun 17	72.01
Gold Spot USD/Ounce / Jun 17	3,388.42
Cotton US¢/pound / Jun 17	67.96
Petrol/Litre / Jun 18	258.43
Diesel/Litre / Jun 18	262.59

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / Jun 17 Crescent Jute Products Limited(CJPL)	5.57 ▲ 1 (21.88%)
First Dawood Prop. / Jun 17 First Dawood Properties Limited(FDPL)	4.55 ▲ 0.67 (17.27%)
Gulistan Sp. / Jun 17 Gulistan Spinning Mills Limited(GUSM)	9.28 ▲ 1 (12.08%)
Power Cem(Pref) / Jun 17 Power Cement (Pref)(POWERPS)	18.98 ▲ 1.73 (10.03%)
Merit Packaging / Jun 17 Merit Packaging Limited(MERIT)	14.92 ▲ 1.36 (10.03%)
Service Textile / Jun 17 Service Industries Textiles Limited(SERT)	17.88 ▲ 1.63 (10.03%)
MACPAC Films / Jun 17 MACPAC Films Limited(MACFL)	26.81 ▲ 2.44 (10.01%)
Bannu Woollen / Jun 17 Bannu Woollen Mills Limited(BNWM)	57.71 ▲ 5.25 (10.01%)
Shadman Cotton / Jun 17 Shadman Cotton Mills Limited(SHCM)	57.33 ▲ 5.21 (10%)
Pak Datacom / Jun 17 Pak Datacom Limited(PAKD)	378.26 ▲ 34.39 (10%)

Stock	Price
Unicap Modaraba / Jun 17 Unicap Modaraba(UCAPM)	3.86 ▼ -0.74 (-16.09%)
Ist.Capital Sec / Jun 17 First Capital Securities Corporation(FCSC)	3.31 ▼ -0.54 (-14.03%)
First Prudential Mod. / Jun 17 First Prudential Modaraba(PMI)	3.87 ▼ -0.52 (-11.85%)
Sardar Chemical / Jun 17 Sardar Chemical Industries Limited(SARC)	77.10 ▼ -8.57 (-10%)
Pakgen Power / Jun 17 Pakgen Power Limited(PKGP)	237.39 ▼ -26.38 (-10%)
PIA Holding Co.B / Jun 17 PIA Holding Company Limited B(PIAHCLB)	15,300.17 ▼ -1700.02 (-10%)
Hala Enterprise / Jun 17 Hala Enterprises Limited(HAEL)	24.86 ▼ -2.76 (-9.99%)
Calcorp Ltd / Jun 17 Calcorp Limited(CASH)	43.34 ▼ -4.8 (-9.97%)
Khyber Textile / Jun 17 Khyber Textile Mills Limited(KHYT)	1,457.04 ▼ -158.06 (-9.79%)
First Fid. Leasing / Jun 17 First Fidelity Leasing Modaraba(FFLM)	2.95 ▼ -0.32 (-9.79%)

Stock	Volume
WorldCall Telecom / Jun 17 Worldcall Telecom Limited(WTL)	239,756,205 ▼ -0.01
Pervez Ahmed Consultancy / Jun 17 Pervez Ahmed Consultancy Services Ltd.(PASL)	97,496,465 ▼ -0.05
Sui South Gas / Jun 17 Sui Southern Gas Company Limited(SSGC)	49,860,990 ▲ 1.54
Ist.Capital Sec / Jun 17 First Capital Securities Corporation(FCSC)	49,081,749 ▼ -0.54
B.O.Punjab / Jun 17 The Bank of Punjab(BOP)	43,532,329 ▲ 0.17
Bank Makramah / Jun 17 Bank Makramah Limited(BML)	41,528,036 ▲ 0.2
Kohinoor Spining / Jun 17 Kohinoor Spinning Mills Limited(KOSM)	37,900,841 ▼ -0.11
First Prudential Mod. / Jun 17 First Prudential Modaraba(PMI)	37,499,448 ▼ -0.52
PIA Holding Co.Ltd / Jun 17 PIA Holding Company Limited(PIAHCLA)	25,538,700 ▼ -0.21
First Dawood Prop. / Jun 17 First Dawood Properties Limited(FDPL)	23,790,756 ▲ 0.67

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