U.S. jobless claims rose last week, but remained near 14-year lows. A Kroger Co. employee in Lexington, Ky., takes applications at a job fair earlier this month.
Softer-than-expected business outside of Canada and recent volatility that could negatively impact Canaccord Genuity Group Inc.'s capital market activity, prompted TD Securities to downgrade the independent broker on Thursday.
Potash Corporation of Saskatchewan Inc. (TSX:POT) is reporting $317 million of net income, or 38 cents per share, in the third quarter -- missing analyst estimates as tax expenses rose and prices fell compared with a year ago.
The S&P/TSX composite index capsized 235.64 points, or 1.6%, to end Wednesday at 14,312.07, with December futures hiking 0.3%.
Canadian PressWithout a sustained increase in oil prices, the loonie will weaken at least another 4%, say the nation's two biggest lenders.