Fergal Smith

Toronto

Markets Correspondent at Reuters

Reuters journalist

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Articles

Canadian dollar weakens as interest rate spreads widen

18 hours ago | reuters.com | Fergal Smith

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015.
Canadian dollar rebounds as investors cheer Carney cabinet pick

1 day ago | reuters.com | Fergal Smith

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015.
Canadian dollar rebounds as investors cheer Carney cabinet pick

2 days ago | marketscreener.com | Fergal Smith

TORONTO (Reuters) - The Canadian dollar recovered from a one-month low against its U.S. counterpart on Tuesday as the greenback weakened broadly and investors applauded some of Canadian Prime Minister Mark Carney's cabinet choices. The loonie was trading 0.2% higher at 1.3950 per U.S. dollar, or 71.68 U.S. cents, after touching its weakest intraday level since April 10 at 1.4016. Carney unveiled a new cabinet that he said would help define a new relationship with Washington.
TSX adds to winning streak as energy shares climb

2 days ago | marketscreener.com | Fergal Smith

(Reuters) -Canada's main stock index rose on Tuesday for a sixth straight day, helped by gains for energy and financial shares, as cooler-than-expected U.S. inflation data fueled positive investor sentiment following an easing of trade tensions. The Toronto Stock Exchange's S&P/TSX composite index ended up 84.68 points, or 0.3%, at 25,616.86, its highest closing level since February 19. The daily winning streak was the longest since January.
Canadian dollar hits one-month low against surging greenback

2 days ago | reuters.com | Fergal Smith

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015.
TSX hits near three-month high on easing global trade tensions

3 days ago | marketscreener.com | Sukriti Gupta |Fergal Smith

(This story has been corrected to say the index hit a near three-month, not a near three-week, high in the headline and paragraph 1) (Reuters) - Canada's main stock index rose to a near three-month high on Monday as the United States and China reached a deal to reduce tariffs, raising optimism that an all-out trade war disrupting the global economy can be avoided.
Canadian dollar heads for weekly decline as jobless rate climbs

6 days ago | marketscreener.com | Fergal Smith

TORONTO (Reuters) - The Canadian dollar weakened to a three-week low against its U.S. counterpart on Friday as signs that trade tensions are hurting employment bolstered expectations for additional interest rate cuts from the Bank of Canada. The loonie was trading 0.1% lower at 1.3935 per U.S. dollar, or 71.74 U.S. cents, after touching its weakest intraday level since April 16 at 1.3944.
TSX extends weekly winning streak as commodity prices climb

6 days ago | marketscreener.com | Fergal Smith

(Reuters) -Canada's main stock index added to its weekly gain on Friday, led by energy and metal mining shares, as hopes that trade tensions could ease offset evidence that tariff-related uncertainty is already weighing on domestic activity. The Toronto Stock Exchange's S&P/TSX composite index ended up 103.68 points, or 0.4%, at 25,357.74, its highest closing level since February 28. For the week, the index advanced 1.3, its fifth straight weekly gain.
Canadian dollar hits three-week low on broad-based USD strength

6 days ago | reuters.com | Fergal Smith

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015.
Canadian dollar hits three-week low on broad-based USD strength

1 week ago | marketscreener.com | Fergal Smith

TORONTO (Reuters) - The Canadian dollar fell to a three-week low against its U.S. counterpart on Thursday as the Federal Reserve's patient stance on easing boosted the greenback and after the Bank of Canada said a lengthy trade war could put financial stability at risk. The loonie was trading 0.7% lower at 1.3930 per U.S. dollar, or 71.79 U.S. cents, after touching its weakest intraday level since April 16 at 1.3930.