Oil, gold boost TSX again... Manulife reaches settlement with OSC... Wildfires hitting BC industry, tourism...
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Oil, gold boost TSX again
For the second session in a row, the materials and energy sectors have been the star performers on the main TSX index.
Oil prices gained more than 1.5 per cent on lower European stockpiles and gold gained 0.2 per cent despite a stronger greenback.
Four sector groups were lower, led by healthcare. The next session will be focused on a potential interest rate rise by the BoC which would be its first for 7 years.
Wall Street closed flat as the Trump-Putin issue deepened. European indexes were broadly lower while Asian markets mostly gained.
The S&P/TSX Composite Index closed up 43.86 (0.29 per cent)
The Dow Jones closed up 0.55 (0.00 per cent)
Oil is trending higher (Brent $47.59, WTI $45.11 at 4.15pm)
Gold is trending higher (1215.60 at 4.15pm)
The loonie is valued at U$0.7740
Manulife reaches settlement with OSC
A preliminary settlement has been reached following the investigation by the Ontario Securities Commission into excessive investment fees charged to some clients by Manulife Securities Inc.
Manulife has taken action to ensure that the “inadequacies” in its payment systems will not happen again, CTV News reports. A hearing is scheduled for July 13 to approve the no-contest settlement agreement.
Wildfires hitting BC industry, tourism
Businesses in the forestry and mining sectors are under pressure as wildfires in British Columbia threaten operations.
With many businesses already closed, analysts are considering the impact on the province’s lumber industry, one of its major exports. Prices are expected to rise in response to disruption to the already tight supply.
Tourism is also at risk due to the closure of parks.
For the second session in a row, the materials and energy sectors have been the star performers on the main TSX index.
Oil prices gained more than 1.5 per cent on lower European stockpiles and gold gained 0.2 per cent despite a stronger greenback.
Four sector groups were lower, led by healthcare. The next session will be focused on a potential interest rate rise by the BoC which would be its first for 7 years.
Wall Street closed flat as the Trump-Putin issue deepened. European indexes were broadly lower while Asian markets mostly gained.
The S&P/TSX Composite Index closed up 43.86 (0.29 per cent)
The Dow Jones closed up 0.55 (0.00 per cent)
Oil is trending higher (Brent $47.59, WTI $45.11 at 4.15pm)
Gold is trending higher (1215.60 at 4.15pm)
The loonie is valued at U$0.7740
Manulife reaches settlement with OSC
A preliminary settlement has been reached following the investigation by the Ontario Securities Commission into excessive investment fees charged to some clients by Manulife Securities Inc.
Manulife has taken action to ensure that the “inadequacies” in its payment systems will not happen again, CTV News reports. A hearing is scheduled for July 13 to approve the no-contest settlement agreement.
Wildfires hitting BC industry, tourism
Businesses in the forestry and mining sectors are under pressure as wildfires in British Columbia threaten operations.
With many businesses already closed, analysts are considering the impact on the province’s lumber industry, one of its major exports. Prices are expected to rise in response to disruption to the already tight supply.
Tourism is also at risk due to the closure of parks.
