Canada should focus on boosting economic growth after getting pummeled by the COVID-19 crisis, analysts say, even as concerns about the sustainability of its debt are growing, with Fitch downgrading the nation's rating just over a week ago.
Canada's main stock index gave back a small part of this week's rally on Friday, as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns. * The United States reported more than 55,000 new COVID-19 cases on Thursday, a new daily global record for the pandemic.
Canada's main stock index retreated on Friday as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns, overshadowing early signs of an economic rebound from the pandemic-driven slump. * At 9:33 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was down 9.92 points, or 0.06%, at 15,612.48.
The Canadian dollar was little
changed against its U.S. counterpart on Friday, holding on to
this week's rally as it kept to a narrow trading range with U.S.
Futures for Canada's main stock index retreated on Friday as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns, overshadowing early signs of an economic rebound from the pandemic-driven slump. September futures on the S&P/TSX index were down 0.08% at 7:00 a.m. ET. The Toronto Stock Exchange's S&P/TSX rose 0.69% to 15,622.40 on Thursday.
The Canadian dollar edged higher
against its U.S. counterpart on Thursday as domestic data
showing a narrower-than-expected trade deficit supported hopes
of economic recovery, with the loonie adding ...
The Canadian dollar strengthened
against its U.S. counterpart on Thursday as domestic data
showing a narrower-than-expected trade deficit supported hopes
of economic recovery, with the loonie moving ...
Canada's main stock index opened higher on Thursday, as energy stocks tracked gains in oil prices, with sentiment bolstered by data that showed a record pace of U.S. jobs growth in June. * At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 232.27 points, or 1.5%, at 15,747.49.
Canadian manufacturing activity contracted for the fourth straight month in June as the coronavirus crisis curbed demand from domestic and export markets, but was well above April's record-low hinting at a turnaround, data showed on Thursday.
Canada's exports rose in May as auto industry production resumed and on higher crude prices, though imports fell on supply challenges tied to the gradual reopening of countries from COVID-19 closures, Statistic Canada said on Thursday.
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