Tag Archives: falls

Crescent Point Energy Corp falls on Legacy Oil and Gas deal


Shareholders don’t exactly love Crescent Point Energy Corp.’s $1.5-billion deal to acquire Legacy Gas and oil Inc. – at least not at first glance. The stock was down almost five per cent Wednesday, after the Calgary-based oil and gas producer announced it is buying its competitor to add assets in the core southeast Saskatchewan area. Strategically, the deal makes a ...

Read More »

Wall Street rises, TSX falls after Fed signals rate hike later this year


TORONTO – The Toronto stock market closed in the red Wednesday while Ny markets turned higher following the U.S. Federal Reserve announced it was keeping its benchmark rate unchanged. The S&P/TSX composite index closed down 20.07 points at 14,732.98, as the loonie was up 0.51 of a U.S. cent at 81.73 cents. On commodity markets, the July crude contract gave ...

Read More »

TSX closes lowers as oil falls, Greek talks continue


TORONTO – The Toronto stock market closed lower Friday as oil prices weakened and concerns intensified within the Greek debt crisis in front of a key meeting a few days ago.The S&P/TSX composite index dropped 89.41 suggests 14,808.09 as the loonie rose 0.05 of a U.S. cent to 81.20 cents. Markets everywhere anticipated developments over the weekend in the negotiations ...

Read More »

TSX falls sharply lower for second day despite U.S. boost


TORONTO – The Toronto stock exchange was sharply lower for a second consecutive day Thursday as investors seemed to ignore the positive news from overseas that cheered traders south from the border. The S&P/TSX composite index closed down 133.58 points at 14,278.49, adding to a big decline of 212 points in the previous session because the International Monetary Fund cut ...

Read More »

TSX rises, Canadian dollar falls as U.S. markets shut for holiday


TORONTO – The Toronto stock market closed higher see how to avoid trading Friday in front of a weekend debt referendum in Greece, while the loonie slid lower amid fears about a recession in Canada. The S&P/TSX composite index closed up 44.40 points at 14,682.39 after rising almost 148 points the prior two trading days. But Canada\’s main market was ...

Read More »

Loonie falls further following big drop on Wednesday, stock markets close higher


TORONTO – The loonie continued to slide on Thursday, reaching its minimum since March 2009 after losing more than a cent against the greenback following the Bank of Canada\’s rate cut on Wednesday. The Canadian dollar declined 0.3 of the cent to shut at 77.10 cents U.S. on the day after the central bank cut a quarter-point from the benchmark ...

Read More »