Fergal Smith

Toronto

Markets Correspondent at Reuters

Reuters journalist

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Articles

Surprise jobs gain helps Canadian dollar hold on to weekly move higher

3 weeks 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 adds to weekly gain as tech and energy shares climb

3 weeks ago | marketscreener.com | Fergal Smith

Published on 06/06/2025 at 07:15, updated on 06/06/2025 at 16:40(Reuters) -Canada's main stock index rose on Friday to a new record high, led by gains for energy and technology shares, as oil prices advanced and U.S. and Canadian jobs data eased investor concerns about a possible recession. The Toronto Stock Exchange's S&P/TSX composite index ended up 86.84 points, or 0.3%, at 26,429.13, inching past its record closing high on Tuesday. For the week, the index was up nearly 1%.
Canadian dollar hits eight-month high as market shrugs off record trade deficit

3 weeks 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 inches higher as Carney-Trump communications feed investor optimism

3 weeks ago | marketscreener.com | Fergal Smith

Published on 06/05/2025 at 07:37, updated on 06/05/2025 at 19:42(Reuters) - Canada's main stock index edged higher on Thursday as higher oil prices boosted energy shares and investors assessed prospects of Canada reaching a trade deal with the United States. The Toronto Stock Exchange's S&P/TSX composite index ended up 13.29 points, or 0.1%, at 26,342.29, staying within reach of the record closing high it posted on Tuesday.
Canadian dollar hits 8-month high as BoC remains sidelined

3 weeks 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.
Canada's services PMI rises to 3-month high in May as confidence improves

3 weeks ago | reuters.com | Fergal Smith

View of the downtown city skyline of Edmonton, Alberta, Canada, October 6, 2021. Picture taken October 6, 2021. REUTERS/Todd Korol/File Photo TORONTO, June 4 (Reuters) - The downturn in Canada's services economy eased somewhat in May as firms grew more hopeful that trade and political uncertainty would become less of a drag on activity over the coming 12 months, S&P Global's Canada services PMI data showed on Wednesday.
TSX pulls back from record high as energy stocks slide

3 weeks ago | marketscreener.com | Sanchayaita Roy |Fergal Smith

Published on 06/04/2025 at 07:19, updated on 06/04/2025 at 16:24 (Reuters) -Canada's commodity-linked main stock index fell on Wednesday as lower oil prices weighed on energy shares and investors awaited greater clarity on the global trade outlook. The Toronto Stock Exchange's S&P/TSX composite index ended down 97.64 points, or 0.4%, at 26,329.00, after posting a record closing high on Tuesday.
Toronto home sales rise the most in four months on improved affordability

3 weeks ago | reuters.com | Fergal Smith

A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo TORONTO, June 4 (Reuters) - Greater Toronto Area home sales in May posted their biggest increase in four months, and prices edged higher as homebuyers took advantage of the recent improvement in affordability, Toronto Regional Real Estate Board data showed on Wednesday.
Canadian dollar outperforms most G10 currencies ahead of BoC rate decision

3 weeks ago | reuters.com | Fergal Smith

A commemorative $10 bank note sits on a cash register in Ottawa, Ontario, Canada June 1, 2017.
TSX extends record-setting run as higher oil prices add to market's appeal

3 weeks ago | marketscreener.com | Fergal Smith

Published on 06/03/2025 at 07:12, updated on 06/03/2025 at 16:26 (Reuters) -Canada's main stock index edged up to a new record high on Tuesday, led by gains for the energy sector, as oil prices climbed and uranium producers notched gains. The Toronto Stock Exchange's S&P/TSX composite index ended up 37.68 points, or 0.1%, at 26,426.64, eclipsing Monday's record closing high.