The Canadian dollar weakened to
a seven-week low against its U.S. counterpart on Friday as
rising economic and political uncertainties raised demand for
safe-haven currencies, with the loonie losing ...
Canada will spend C$320 million to support its offshore oil industry in Newfoundland and Labrador, which has struggled as coronavirus pandemic travel restrictions reduced demand, the government said on Friday.
Canada will spend C$320 million to support its offshore oil industry, which has struggled as pandemic travel restrictions reduced demand, Natural Resources Minister Seamus O'Regan said on Friday. Details of how the funds may be used were not immediately available.
Canada recorded a C$148.58 billion budget deficit for the first four months of the 2020/21 fiscal year, reflecting the impact of the economic downturn and the cost of COVID-19 emergency aid, the finance department said Friday. By comparison, Canada posted a C$1.56 billion deficit in the same period of fiscal 2019/20.
Canada's main stock index opened lower on Friday and was set for its first monthly loss since April, as concerns around the economic impact of rising coronavirus infections drowned optimism over domestic stimulus measures. * Canada's government on Thursday proposed boosting a weekly payout for the jobless that would replace emergency COVID-19 income support that ends this weekend.
The Canadian dollar weakened
against its U.S. counterpart on Friday as oil prices fell and
the risk of another economic hit from the coronavirus pandemic
crimped risk appetite, with the loonie set to ...
* Core capital goods orders increase 1.8% in August. * Core capital goods shipments rise 1.5% * Durable goods orders gain 0.4%; shipments fall 0.3% By Lucia Mutikani.
Canada's main stock index opened lower on Friday as concerns around the economic impact of rising coronavirus infections drowned optimism over new domestic stimulus measures. * At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 60.56 points, or 0.38%, at 15,851.7.
Canadian wholesale trade in August edged up by 0.1% after jumping by 4.3% in July, according to a flash estimate released by Statistics Canada on Friday. The agency said the estimate had been calculated based on responses received from 75.6% of companies surveyed.
Futures for Canada's main stock index dropped on Friday as concerns around the economic impact of rising coronavirus infections drowned optimism over new domestic stimulus measures. Canada's government on Thursday had proposed boosting a weekly payout for the jobless that would replace emergency COVID-19 income support that ends this weekend.
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