Job gains and higher oil prices boost Canadian dollar, stock markets

Job gains and higher oil prices boost Canadian dollar, stock markets

Job gains and higher oil prices boost Canadian dollar, stock markets

The dollar rose above 77 cents U.S., up more than 1 cent on Friday, as Statistics Canada reported 40,600 jobs were created last month. The job numbers showed the largest one-month increase in employment in six months. As the price of crude oil strengthened … Continue reading at tampabay.com

Canadian Stocks Are Up Sharply On Jobs Data — Canadian Commentary

(RTTNews.com) – The Canadian stock market is climbing sharply in early trade Friday. Stronger than expected Canadian employment data and rising crude oil prices are providing a boost to the market. Comments from Federal Reserve Chair Janet Yellen have also … Continue reading at nasdaq.com

Mid-day: Canadian dollar jumps, stock markets surge

A strong jobs report for March and a big bounce in the price of oil sent the Toronto stock market racing into triple-digit territory today while the Canadian dollar soared almost full cent against its U.S. counterpart. At mid-afternoon, the Toronto Stock … Continue reading at windsorstar.com

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Canadian dollar jumps, stock markets surge Friday morning

Unexpectedly robust jobs data added to evidence of a pick-up in the domestic economy, aiding investor confidence, although the boost from higher crude was seen as the dominant catalyst. The energy group climbed 2.7 percent and oil prices jumped 6 percent … Continue reading at farandulife.com

Canadian dollar jumps, stock markets surge on higher oil prices, job figures

TORONTO – Strong economic data and a surge in the price of oil boosted the Toronto stock market to a triple-digit gain Friday while the Canadian dollar soared almost a full cent against its U.S. counterpart. The Toronto Stock Exchange’s S&P/TSX composite … Continue reading at chroniclejournal.com

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Stockhouse @ the Bell: Canadian dollar jumps, stock markets surge on higher oil prices, job figures

TORONTO – Strong economic data and a surge in the price of oil boosted the Toronto stock market to a triple-digit gain while the Canadian dollar soared almost a full cent against its U.S. counterpart. The Toronto Stock Exchange’s S&P/TSX composite index … Continue reading at stockhouse.com

Canadian Natural Resource Ltd (CNQ) Shares Gap Up on Analyst Upgrade

Citigroup currently has a buy rating on the stock. Canadian Natural Resource shares last traded at … buying an additional 7,600 shares during the period. The company has a market cap of $ 30.27 billion and a price-to-earnings ratio of 92.51. Continue reading at zolmax.com

Insider Selling: Canadian Natural Resources Limited (CNQ) Insider Sells C,368.00 in Stock

The company has a market cap of $ 39.37 billion and a P/E ratio … canadian-natural-resources-limited-cnq-insider-sells-c54368-00-in-stock/1097304/ Receive News & Ratings for Canadian Natural Resources Limited Daily – Enter your email address below to … Continue reading at sleekmoney.com

Canadian stocks dip down

Toronto, April 8 (IANS) Canada’s main stock market in Toronto fell back as lower commodity prices weighed on resource stocks, while financial issues also fell as global shares dipped and investor appetite for risk weakened. The Toronto Stock Exchange’s … Continue reading at bignewsnetwork.com

Canadian Apartment Properties REIT (TSE:CAR.UN) Receives C.21 Average Target Price from Analysts

The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$ 31.21. Several brokerages recently weighed in on CAR.UN. BMO Capital Markets boosted their price target on shares of Canadian Apartment … Continue reading at tickerreport.com

* Seoul, South Korea
1. Wide pan of electronic stock board
2. Close-up of graph on computer screen showing gains on the stock market after a sharp fall
3. Tilt up of computer screen showing KOSPI (The Korea Composite Stock Price Index) up 59 points
4. Close-up of trading board with increased rates
5. Mid of trading board showing KOSPI up 61 points
6. Mid of South Korean President Lee Myung-bak greeting participants at forum
7. Wide of forum
8. SOUNDBITE: (Korean) Lee Myung-bak, South Korean President:
“It is true that South Korea is also affected by the global financial crisis. However, the (South Korean) government has set up the broad principle that it will manage anticipatively, sufficiently and decisively, the steps forward to put out the fire, and has been unfolding counter measuring plans for the object-economy.”
9. Mid of participants
10. Wide of Lee speaking at the podium
11. SOUNDBITE: (Korean) Lee Myung-bak, South Korean President:
“First of all, the (South Korean) government will sufficiently and continuously provide not only foreign currency but also won currency liquidity with the Bank of Korea. The government will also decisively put in operation banks’ certification of payments towards their foreign loans to clear out of financial markets and remove investors uneasiness towards the markets. If necessary, it (South Korean government) will whenever possible activate additional countermeasures.”
12. Lee on stage
13. Wide of participants clapping
14. Various of Lee greeting participants
Tokyo, Japan
15. Tilt down of the Tokyo Stock Exchange
16. Various of traders
17. Various of trading boards
18. Wide of the Exchange
Hong Kong
19. Wide of market opening on trading floor
20. Various of electronic trading board
21. Close-up of Hang Seng Index opening up 578.37 points at 13,280.44
22. SOUNDBITE: (English) Francis Lun, General Manager of Fulbright Securities:
“Any bear market will end some day, just like any bull market will end some day. I think we have seen the worst, and the central banks in the world have done all they can, and I think it’s time for the economies to pick up the pieces, and go on the way of recovery.”
23. Various of dealers
STORYLINE:
Asian stock markets rallied in early trade on Thursday, led by a 10 percent jump in South Korea, after the US Federal Reserve slashed interest rates to help revive the world’s largest economy and opened new credit lines with central banks.
Korea Composite Stock Price Index rose soared 10.8 percent to 1,073 in early trading.
The South Korean markets were aided by a credit deal between the US and South Korean central banks.
The South Korean won surged against the dollar.
The won, meanwhile, rose 5.3 percent against the dollar, and at one point traded as much as 7.1 percent higher.
The South Korean currency has declined sharply this year as foreign investors sell stocks at a record pace and amid concerns over the health of South Korean banks amid the credit crisis.
Despite Thursday’s sharp early gain, the won was still nearly 31 percent lower against the dollar this year.
Meanwhile, some of the most influential leaders gathered for the World Leaders Forum in Seoul, where South Korean President Lee Myung-bak was a key note speaker.
He acknowledged that South Korea had been affected by the financial turmoil and his government had a broad plan to minimise the continued negative effects of the current economic climate.
Every major index advanced on Thursday.
In Japan, the Nikkei 225 stock average gained 3.9 percent to 8,530.77 as exporters like Toyota and Sony got a boost from the yen continuing to retreat from a 13-year high against the dollar last week.
Hong Kong’s Hang Seng Index advanced 5.9 percent to 13,456.10

You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/04b8f1a5acdd777decf4838bc6d0792f
Find out more about AP Archive: http://www.aparchive.com/HowWeWork

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