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 ...

JOHANNESBURG, March 28 (Reuters) – South African mining stocks rose on Tuesday on the back of a weaker dollar and bigger risk appetite from investors, while local currency rand strengthened. Even though a buyout of the beleaguered Silicon Valley Bank helped calm investors’ nerves, safe haven gold continued to lure investors, while positive demand outlook ...

FRANKFURT, March 28 (Reuters) – Recent volatility in Deutsche Bank (DBKGn.DE) shares was concerning as it showed investors were on edge and could be spooked by moves in the small market for credit default swaps (CDS), European Central Bank supervisor Andrea Enria said on Tuesday. The German bank’s shares tumbled last Friday as the cost ...

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) – The head of Australia’s prudential regulator said on Tuesday the country’s banks were among the best placed in the world to handle a financial crisis, following the collapse of Silicon Valley Bank (SVB) that roiled international markets. The differences between regulatory requirements for Australian banks versus many overseas jurisdictions “give ...

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 ...

Rising cost of imported feed hurt poultry farmers Shopkeeper says price of chicken tripled in a year CAIRO, March 27 (Reuters) – Last year, Ihab Gomaa was managing 12 chicken farms in Egypt’s Fayoum, an agricultural region south-west of Cairo. Now five are shuttered, after the poultry sector, which depends heavily on imported feed, was ...

MUMBAI, March 27 (Reuters) – The Indian rupee rose against the U.S. currency on Monday, helped by likely dollar inflows and healthier risk, traders said. The rupee last traded at 82.37 to the dollar, up from 82.48 in the previous session. The local currency held an 82.2775 to 82.4250 range. Meanwhile, other Asian currencies declined. ...