CANOE Money

Europe fears send loonie to 16-week low

Wed, 16 May 2012 08:44:18 -0400

The Canadian dollar hit a 16-week low against the U.S. dollar on Wednesday as fears of a Greek exit from the euro zone and a worsening debt crisis facing other European nations gripped financial markets.

Caviar condos set to flood Toronto market

Tue, 15 May 2012 16:39:38 -0400

Five months after buying one of Toronto’s new luxury hotel condominiums, Oliver Baumeister is girding for a glut of suites like his to hit the market as the biggest names in the hotel business open hundreds of units in Canada’s largest city.

Loonie slides on political impasse in Greece

Tue, 15 May 2012 15:46:03 -0400

The Canadian dollar erased earlier gains against its U.S. counterpart on Tuesday but surged to a 16-month high against the euro after Greece said it would hold new elections and worries mounted about its possible exit from the euro zone.

Banks introduce mobile payment guidelines

Mon, 14 May 2012 17:07:29 -0400

Canadian banks presented a blueprint on Monday that will enable consumers to pay for goods with a tap of their smartphones, as financial institutions seek to take advantage of existing infrastructure that can support mobile payments.

TSX rebounds after strong North American data

Fri, 11 May 2012 12:22:59 -0400

Canada's main stock index turned positive by mid-morning on Friday as constructive North American data helped to offset political uncertainty in Greece, negative economic surprises from China and shock trading losses at JPMorgan Chase.

JPMorgan $2 billion loss hits bank stocks

Fri, 11 May 2012 08:22:04 -0400

JPMorgan Chase & Co’s shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.