TORONTO, March 28 (Reuters) – Canada’s main stock index ended marginally firmer on Tuesday, led by energy and materials, while Lundin Mining Corp (LUN.TO) hit a three-week high on buying a majority stake in a copper mine. The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) closed up 32.79 points, or 0.2%, at 19,657.53. “The big ...

OTTAWA, March 28 (Reuters) – Canada on Tuesday sought to close competitive gaps with United States with a budget aimed at attracting investment in the low-carbon economy, including tax incentives for electric-vehicle (EV) manufacturers and expanding the electricity grid. The 2023-2024 fiscal document, delivered to the House of Commons, also includes a “grocery rebate” for ...

Canadian dollar strengthens 0.4% against greenback Touches strongest level since March 7 at 1.3602 Price of U.S. oil settles 0.5% higher Canadian bond yields rise across flatter curve TORONTO, March 28 (Reuters) – The Canadian dollar strengthened to a three-week high against its U.S. counterpart on Tuesday as easing of banking sector stress reduced demand ...

March 28 (Reuters) – Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings. The price of the No.1 cryptocurrency has jumped 40% to around $27,700 since March 10, when the failure ...

Gold might retest support at $1,945/oz – technicals U.S. dollar down 0.2% Global stocks rise on Tuesday March 28 (Reuters) – Gold prices rose on Tuesday as the dollar slipped, although an improvement in risk appetite after efforts by regulators to allay fears over the global banking system limited the safe-haven metal’s appeal. Spot gold ...

SYDNEY, March 28 (Reuters) – Brookfield Asset Management (BAM.TO) will spend about $13.3 billion over the next decade to replace Origin Energy’s (ORG.AX) Australian power generation infrastructure with new-build renewables and storage facilities, a senior executive said on Tuesday. Origin Energy on Monday agreed to a A$15.35 billion ($10.21 billion) takeover offer from a consortium ...

March 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets could rebound on Tuesday from their sluggish start to the week, after a deal to buy the assets of stricken U.S. bank Silicon Valley Bank (SVB) prompted a relief rally in financials and allayed fears of deeper ...

Canadian dollar strengthens 0.7% against the greenback Trades in a range of 1.3653 to 1.3745 Price of U.S. oil settles 5.1% higher Canadian bond yields rise sharply across curve TORONTO, March 27 (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Monday, notching up its biggest advance in two weeks, as signs of ...

NEW YORK, March 27 (Reuters) – After the collapse of two U.S. banks and record outflows from smaller lenders, the banking industry is shifting its concern from an immediate crisis to a medium-term worry: economic growth. Deposits held by small U.S. banks dropped by a record $119 billion to $5.46 trillion after the collapse of ...

HONG KONG, March 27 (Reuters) – Credit Agricole (CAGR.PA), France’s second-biggest listed bank, has become the latest foreign lender to boost its China investment banking operations with the launch of a new unit. The new unit, Credit Agricole (Beijing) Advisory Services, focuses on cross-border merger and acquisition, encompassing purchases, disposals and capital raising, it said ...