Prince William says wife Kate is 'doing well'
Prince William said on Friday his wife Kate was 'doing well' in a rare public comment about the Princess of Wales as she undergoes preventative chemotherapy for cancer.
The Canadian dollar strengthened against its U.S. counterpart on Tuesday and index futures pointed to a higher open for the Toronto stock market as oil prices rose and the re-election of Prime Minister Justin Trudeau's Liberals kept the door open to more fiscal spending.
Trudeau acknowledged he will need to work with other parties after he fell short of winning a majority in parliamentary elections on Monday, leaving him once more dependent on opposition legislators to govern.
"Unlike most high-income countries, Canada is unlikely to embark on near-term fiscal consolidation," Marc Chandler, chief market strategist at Bannockburn Global Forex, said in a note.
"A policy mix of tighter monetary policy and relatively looser fiscal policy tends to be supportive of the currency."
Foreign investors had worried that the election could result in a deadlock that would hamper Ottawa's response to the COVID-19 pandemic and further slow the economic recovery from the crisis.
The Liberals have pledged a substantial C$78 billion in new spending over five years, while analysts expect the Bank of Canada to further reduce its bond purchases as soon as next month.
The Canadian dollar was trading 0.5% higher at 1.2763 to the greenback, or 78.35 U.S. cents, after trading in a range of 1.2742 to 1.2830.
On Monday, the loonie hit its weakest intraday level in one month at 1.2895 as troubles at property group China Evergrande roiled global financial markets, while Canada's main stock index fell 1.6%, its biggest decline since January.
World stocks stabilized on Tuesday and commodity prices recovered from the previous day's heavy selling.
The price of oil, one of Canada's major exports, was up 1% at $71.01 a barrel, while December futures on the S&P/TSX 60 index advanced 0.7%.
The Canadian 10-year yield rose nearly one basis point to 1.231%.
Reporting by Fergal Smith Editing by Paul Simao.
Prince William said on Friday his wife Kate was 'doing well' in a rare public comment about the Princess of Wales as she undergoes preventative chemotherapy for cancer.
Canadian Blood Services issued an apology on Friday to the LGBTQ2S+ community for what it now admits was a harmful and discriminatory blood donation policy that prevented sexually active men who have sex with men and some trans people from donating blood and plasma.
Toronto Mayor Olivia Chow says that she is hopeful an announcement could be made soon amid multiple reports that a WNBA team is coming to Toronto in 2026.
A 4.2-magnitude earthquake was recorded west of Vancouver Island early Friday morning.
A provincial coroner will be investigating the death of 68-year-old David Lippert, who suffered a cardiac arrest while waiting in a crowded emergency room in Kitchener, Ont.
Police in Newfoundland say patrol officers were assaulted Thursday by a "very irate male" wielding a block of cheese.
Average hourly wages among Canadian employees rose to $34.95 on a year-over-year basis in April, a 4.7 per cent increase, according to a Statistics Canada report released Friday morning.
Andy Kim's 'Rock Me Gently' is marking a major milestone, as it celebrates its 50th anniversary.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
The stakes have been set for a bet between Vancouver and Edmonton's mayors on who will win Round 2 of the Stanley Cup playoffs.
A grieving mother is hosting a helmet drive in the hopes of protecting children on Manitoba First Nations from a similar tragedy that killed her daughter.
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
A P.E.I. lighthouse and a New Brunswick river are being honoured in a Canada Post series.