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Facebook sees signs of stability in ad spending

(Reuters) - Facebook Inc (FB.O) beat analysts’ estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks of April. Shares of the company, which owns WhatsApp and Instagram, were up 9% in extended trading. Advertisers have pulled or cut marketing budgets to [...]

2020-04-29T21:11:55+00:00

Canadian dollar weakens as oil prices shrug off output cut

NEW YORK (Reuters) - The Canadian dollar was slightly weaker against its U.S. counterpart on Monday, as oil prices were largely unmoved by a landmark deal by OPEC and its allies to cut output. The Canadian dollar CAD=D4 was at C$1.3968 to the greenback, or 71.56 U.S. cents, weaker than Friday’s close of C$1.3953, [...]

2020-04-13T21:09:19+00:00

TSX falls as coronavirus worries persist; oil stocks rise

(Reuters) - Canada’s main stock index reversed early gains to trade lower on Monday on persisting worries over the economic damage from coronavirus pandemic, although gains in energy stocks after major oil producers agreed to output cuts limited losses. Fears of a deep global recession continue to weigh on sentiment as the health crisis [...]

2020-04-13T21:07:50+00:00

Canadian banks to hand out interest-free loans to small businesses

(Reuters) - Small and medium-sized businesses in Canada, which have been affected by the ongoing coronavirus crisis, will be able to access interest-free loans of up to $40,000 to meet their cash requirements, according to the Canadian Bankers’ Association. Under the new federal plan, businesses will be able to apply for loans online and [...]

2020-04-09T17:02:57+00:00

COVID-19: Global stocks jump on Fed stimulus, hopes pandemic is slowing

NEW YORK (Reuters) - Global equity benchmarks gained on Thursday following signs that governments and central banks are taking additional steps to bolster their economies as measures to slow the spread of the COVID-19 pandemic appear to be working. Oil futures surged again on expectations that Russia and OPEC countries were prepared to cut [...]

2020-04-09T16:53:47+00:00