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Chile abortion: Court approves easing total ban
BBC News - World 21-08-2017 22:16
News of the judges' ruling by 6-4 led to celebrations among left-of centre parties in Santiago.
Trump to unveil Afghanistan war strategy
BBC News - World 21-08-2017 22:13
The US president is expected to outline a more aggressive US counter-terrorism policy in the region.
Kim Wall: Torso found amid search for submarine journalist
BBC News - World 21-08-2017 22:04
"Too early" to tell if woman's remains are those of missing Swedish journalist Kim Wall, police say.
Ambushed Ohio judge shoots gunman dead outside court
BBC News - World 21-08-2017 21:54
Judge Joseph Bruzzese was shot several times, but returned fire in a gunfight outside his chambers.
Barcelona attack: Van driver shot dead by police
BBC News - World 21-08-2017 21:36
Younes Abouyaaqoub, wearing a fake explosive belt, was cornered west of Barcelona after a tip off.
US Navy orders 'operational pause' after collision
BBC News - World 21-08-2017 19:51
The inquiry will look at "all related accidents at sea", US Defence Secretary James Mattis says.

Finance

Johnson & Johnson faces $417m payout in latest talc case
BBC News - Business 21-08-2017 22:31
The payout - to a woman who developed ovarian cancer - is the largest award so far against the firm.
Co-operative Group's stake in Co-op bank to fall to 1%
BBC News - Business 21-08-2017 21:49
Shareholders back a £700m rescue deal that will cut the Co-op Group's stake in the Co-op Bank.
Would you live in a home the size of a Tube carriage?
BBC News - Business 21-08-2017 18:26
The number of properties little bigger than a budget hotel room has soared, says Which?
Cambridge University Press reverses China censorship move
BBC News - Business 21-08-2017 16:51
Cambridge University Press restores access to sensitive China stories after academics protest.
China's Great Wall eyes Fiat Chrysler bid
BBC News - Business 21-08-2017 16:39
The Chinese SUV maker says it is interested in buying the Jeep owner, but no approach has been made.
VW to relaunch Kombi van as electric vehicle
BBC News - Business 21-08-2017 11:05
The famous van is set to return in modern electric form, five years after production finally ended.

U.S. Markets

In News
Written by  Thursday, 24 May 2012 08:53
 
TORONTO -- Signs that the U.S. economy is continuing to head towards a full recovery helped boost North American markets to a higher close Wednesday.

The S&P/TSX composite rose 52.68 points to 12,826.55 while the TSX Venture Exchange slid 0.54 points to 1,105.97.

The Canadian dollar was up 0.15 of a cent at 97.52 cents US.

The U.S. Federal Reserve said that although the economy has strengthened in the past few months, special measures still need to be taken to ensure that the unemployment rate continues to drop.
 
 
The Canadian Press
Published Wednesday, March 20, 2013 9:34AM EDT
Last Updated Wednesday, March 20, 2013 4:59PM EDT
 
As a result, the Fed said it would keep interest rates at record lows until unemployment falls to 6.5 per cent, something it doesn't forecast happening until at least 2015. In February, the U.S. unemployment rate was down to 7.7 per cent.

The U.S. central banking system also plans on continuing to buy $85 billion a month in bonds indefinitely to keep long-term borrowing costs down.

"The Fed is not only keeping its overnight interest rates low but it's also buying assets as a way to inject money into the economy and push longer-term rates lower," said Craig Fehr, a market strategist with Edward Jones in St. Louis, Mo.

"Our view is that the ultimate withdrawal of monetary policy stimulus from the Fed is going to be a graduated process, where they first reduce asset purchases, ultimately concluding those purchases and, in the longer term, raising the short-term interest rate."

Fehr say the cautious outlook shows that it sees a rebound but is still reluctant to withdraw all stimulus.

"The fed does see some improvement in the economy but not enough to take its foot off the pedal," he said.

One of the reasons may be that it doesn't want a repeat of the last three years, where the economy looked like it was turning a corner at the beginning of the year but then did not meet expectations later on.

On Wall Street, the Dow Jones industrials was up 55.91 points to 14,511.73. The Nasdaq was ahead 25.09 points at 3,254.19 and the S&P 500 index gained 10.37 to 1,558.71.

In commodities, the April crude contract on the New York Mercantile Exchange jumped 80 cents to US$92.96 a barrel. Canadian Natural Resources Ltd. (TSX:CNQ) was up 34 cents, or 1.02 per cent at C$33.62 per share.

The May copper contract gained 0.4 cents to settle at US$3.446 a pound. Teck Resources Ltd. (TSX:TCK.B) rose 72 cents, or 2.53 per cent, to C$29.17.

April bullion fell $3.80 to US$1,607.50 an ounce. Barrick Gold Corp. (TSX:ABX) edged down half a cent a cent to C$29.59.

Shares in gold-producer Aurizon Mines Ltd. (TSX:ARZ) were the most heavily traded stock on the Toronto Stock Exchange, down 0.67 per cent to $4.45 on a volume of 22,814,226 shares. the heavy trading came a day after Alamos Gold Inc. (TSX:AGI) dropped its hostile takeover bid due to a $27.2-million break fee that would have had to be paid to white knight Hecla Mining.

Late Tuesday, Vancouver-based Aurizon said it stood by the $4.75 per share offer from Hecla over Alamos' earlier bid of $4.65 and urged shareholders to approve the deal at its next meeting.

The second-highest traded company, BlackBerry (TSX:BB), formerly known as Research in Motion, rose $1.11, or 7.2 per cent, to $16.53 on 13.1 million shares.

Meanwhile, European markets saw gains Wednesday, possibly signalling that recent fears over the financial crisis in Cyprus may have been initially overblown.


Read more: http://www.cp24.com/news/markets-helped-by-little-change-in-u-s-fed-statement-1.1203196#ixzz2RSie5g7J
Read 1283 times Last modified on Friday, 24 April 2015 10:34
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