Canadian Business

/Tag: Canadian Business

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

Canadian dollar weakens as coronavirus weighs on housing data

TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Wednesday, giving back some of the previous day’s gains as domestic housing data showed signs of economic damage from the coronavirus outbreak. Canadian housing starts fell 7.3% in March from the previous month in a sign that the coronavirus outbreak began to [...]

2020-04-08T15:19:11+00:00

COVID-19: Canadian companies making 30,000 ventilators, says Trudeau

OTTAWA _ Canada has ordered 30,000 new ventilators from domestic companies but Prime Minister Justin Trudeau said Tuesday he is hoping we don't end up needing nearly that many. Federal officials also said more than 230 million surgical masks and 75 million N95 respirator masks have been ordered but cautioned the global supply chain [...]

2020-04-07T19:24:48+00:00