Rio Tinto and Canadian union Unifor have reached a labour agreement in principle for the global miner's operations in the western Canadian province of British Columbia, the company said on Sunday.
Meng Wanzhou, chief financial officer of Chinese telecoms giant Huawei, landed in Shenzhen on Saturday evening after more than 1,000 days under house arrest in Canada. Meng, the daugher of Huawei founder Ren Zhengfei, was released late on Friday after securing a deal with U.S. prosecutors who had charged her with covering up breaches of U.S. sanctions against Iran.
Prime Minister Justin Trudeau risks further fueling Canada's hot inflation if he presses ahead with spending plans outlined during the election campaign, which could pressure the Bank of Canada to hike interest rates sooner than planned. Trudeau's Liberals have pledged C$78 billion in new spending over five years, about 4% of gross domestic product.
Prime Minister Justin Trudeau risks further fueling Canada's hot inflation if he presses ahead with spending plans outlined during the election campaign, which could pressure the Bank of Canada to hike interest rates sooner than planned. Trudeau's Liberals have pledged C$78 billion in new spending over five years, about 4% of gross domestic product.
Canada's main stock index retreated on Friday, after three straight sessions of gains, as fears over the fate of debt-ridden China Evergrande weighed on investor sentiment. At 9:46 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 43.01 points, or 0.21%, at 20,418.92, with technology and healthcare stocks leading the decline.
Canada's main stock index retreated on Friday, after three straight sessions of gains, as sentiment was weighed by fears over the fate of debt-ridden Chinese developer Evergrande. At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 45.08 points, or 0.22%, at 20,416.85.
Futures for Canada's main stock index retreated on Friday, as fears around debt-ridden China Evergrande weighed on global sentiment, with stronger gold prices limiting losses. December futures on the S&P/TSX index were down 0.4% at 7:00 a.m. ET, snapping a three-day winning streak.
U.S. oil refiners hunting to replace crude lost after a storm hit the U.S. Gulf of Mexico last month have been turning to Iraqi and Canadian oil, while Asian buyers have been pursuing Middle Eastern and Russian grades, analysts and traders said.
* TSX ends up 0.3% * Energy gains 2.8%; financials end up 1% * Canadian retail sales likely rose 2.1% in August. By Fergal Smith. Canada's main stock index rose for a third day on Thursday as investors moved their focus past major event risks that weighed on the market earlier in the week, with energy and financial shares leading the way.
The Canadian dollar
strengthened to a one-week high against its U.S. counterpart on
Thursday as investor sentiment picked up and domestic data
showed that retail sales fell less than expected in July.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
