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Forex News
Dollar Extends Losses As Tariff Moves Fuel Growth Worries
The U.S. dollar slid on Wednesday, extending recent losses, as the Trump administration's tariff moves and the retaliatory measures announced by some countries have raised concerns about global economic growth.
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5h 24min ago
TSX Ends 1.2% Up; Technology And Materials Stocks Move Up Sharply
The Canadian market closed on a strong note on Wednesday as stocks rallied on news the Trump administration is considering reducing the tariffs on Canadian and Mexican imports.
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6h 38min ago
Canadian Market Up Nearly 1%, Looks Set To End On Firm Note
The Canadian market is up firmly in positive territory Wednesday afternoon, led by strong gains in materials, technology, consumer discretionary and industrials sectors.
The mood remains positive following U.S. Secretary of Commerce Howard Lutnick hinting at some potential adjustments for U.S. tariffs on Canada and Mexico/
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10h 0min ago
Canadian Dollar Weakens As Oil Prices Fall
The Canadian dollar declined against its most major counterparts in the New York session on Wednesday amid lower oil prices, as U.S. crude oil inventories increased unexpectedly last week.
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10h 21min ago
Swiss Market Ends Moderately Higher
The Switzerland market closed on a firm note on Wednesday with investors picking up stocks amid hopes the U.S. will reduce tariffs on Canada and Mexico. German leaders' decision to increase defense and infrastructure spending contributed as well to the improved sentiment in the market.
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11h 9min ago
European Stocks Close On Upbeat Note
European markets closed on a buoyant note on Wednesday amid optimism about some relaxation in tariffs on Canada and Mexico, and on news that Germany will relax rules to increase spending on defense and infrastructure.
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11h 28min ago
U.S. Factory Orders Jump Slightly More Than Expected In January
New orders for U.S. manufactured goods surged by slightly more than expected in the month of January, according to a report released by the Commerce Department on Wednesday. The report said factory orders shot up by 1.7 percent in January after falling by a revised 0.6 percent in December. Economists had expected factory orders to jump by 1.6 percent.
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14h 0min ago
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U.S. Services Index Unexpectedly Inches Higher In February
The Institute for Supply Management released a report on Wednesday showing an unexpected uptick by its reading on U.S. service sector activity in the month of February. The ISM said its services PMI inched up to 53.5 in February from 52.8 in January, with a reading above 50 indicating growth. Economists had expected the index to edge down to 52.6.
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14h 22min ago
U.S. Private Sector Job Growth Falls Well Short Of Estimates In February
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by much less than expected in the month of February. ADP said private sector employment rose by 77,000 jobs in February after climbing by an upwardly revised 186,000 jobs in January. Economists had expected private sector employment to grow by 140,000 jobs.
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15h 22min ago
U.S. Private Sector Employment Climbs Much Less Than Expected In February
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by much less than expected in the month of February.
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16h 15min ago
Bayer Stock Up On Growth View Starting FY26, Despite Q4 Loss, Cautious FY25
Shares of Bayer AG were gaining around 6 percent in the German trading after the pharmaceutical and life sciences major Wednesday said it expects improved performance from 2026 onwards, despite reporting a slip to loss in its fourth quarter. The company also projects weak core earnings and nearly flat sales for fiscal 2025.
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16h 28min ago
Bay Street Looks Headed For Positive Start
Canadian shares may open higher Wednesday morning, tracking positive global cues following U.S. Commerce Secretary Howard Lutnick's comments that the Trump administration was considering easing the 25% tariffs on Canadian and Mexican imports to products which comply with the trade pact negotiated during Trump's first term.
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16h 32min ago
Eurozone Private Sector Logs Marginal Growth
Euro area private sector grew modestly in February as Germany, Spain and Italy expanded, but French activity hit the lowest in more than a year, final results of the purchasing managers' survey by S&P Global showed on Wednesday. The HCOB final composite output index remained unchanged at 50.2 in February. The score also matched the flash estimate of 50.2.
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17h 39min ago
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