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World news

Mogadishu truck bombing death toll jumps to 358
BBC News - World 20-10-2017 21:47
More than 50 people are also still missing after last Saturday's huge truck bombing, officials say.
King Felipe VI says Catalonia 'will remain' Spanish
BBC News - World 20-10-2017 21:42
King Felipe VI says Spain will solve the crisis through democratic institutions.
Afghan suicide mosque attacks kill scores of worshippers
BBC News - World 20-10-2017 20:04
Some 60 people are killed as worshippers are targeted in two separate attacks on mosques.
Iraq Kurds: Army claims full control of Kirkuk province
BBC News - World 20-10-2017 18:00
Kurdish forces have not confirmed reports that they have given up the last area under their control.
Malawi cracks down on 'vampire' lynch mobs
BBC News - World 20-10-2017 17:02
Some 140 arrests are made over deadly attacks on people accused of sucking their victims' blood.
São Paulo's food pellets plan for poor children divides Brazil
BBC News - World 20-10-2017 16:45
A row is brewing over plans to use reconstituted food from leftovers near expiry to feed poor kids.

Finance

'Huge business rate rise' for small firms
BBC News - Business 20-10-2017 22:38
Inflation-busting increases are looming for thousands of shops in England, says research firm CVS.
BMW headquarters searched by EU investigators
BBC News - Business 20-10-2017 20:20
EU investigators are looking into allegations of a cartel involving BMW and four other German car giants.
Police conduct inquiries into Royal Bank of Scotland unit
BBC News - Business 20-10-2017 19:22
Officers are looking into a division of the bank set up to help failing firms, the BBC understands.
Government borrowing at lowest September level for 10 years
BBC News - Business 20-10-2017 12:21
The figures were the third straight month in which UK public finances were better than analysts forecast.
Rail firms 'consider' railcard for 26 to 30-year-olds
BBC News - Business 20-10-2017 10:23
It's thought one train company will begin trials of the new railcard in December
Australian carmaking runs out of road
BBC News - Business 19-10-2017 17:35
The final vehicle left the production line on Friday, in what many consider a symbolic moment.

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 1361 times Last modified on Friday, 24 April 2015 10:34
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