Loonie Climbs as Canadian Economy Expands in April at Fastest Pace This Year

The loonie strengthened against the greenback after a report showed that the Canadian economy expanded at a faster pace than expected in April, led by a rebound in the mining and oil and gas extraction sector.

Commodities Soar as EU Summit Trumps (Very Modest) Expectations

Commodity prices raced higher after EU leaders delivered a more ambitious than expected effort at battling the region’s debt crisis and pledged funds for stimulus.

EURUSD: Small New Short Position Triggered

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EURUSD: Small New Short Position Triggered

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Eurozone Inflation Steadies in June

The June Consumer Price Index remained at 2.4% according to initial estimates; lower inflation allows for more monetary action…

Dollar, Yen May Fall Further as EU Leaders Turn to Growth Agenda

The safe-haven US Dollar and Japanese Yen may decline further as the EU leaders’ summit focus shifts toward efforts to boost regional economic growth.

Guest Commentary: Oil Prices – Daily Outlook 08.29.2011

Oil prices ended last week with moderate rises after the turbulent they have endured during the previous week. It’s currently not clear yet what were the damages to the East Coast infrastructure due to Hurricane Irene including the oil and natural gas pipelines

Bullish on China’s Oil & Gas Sector

Colin Bradbury, regional chief strategist at Daiwa Capital Markets, is bullish on China’s oil and gas sector. He explains why to CNBC’s Oriel Morrison. He also analyzes the country’s latest buying spree in the energy space.

Medical Treatment, Out of Reach

Medical device executives say regulation by the Food and Drug Administration has hurt the industry domestically.

Playing Catch-Up, Nokia and H.P. Try to Innovate

The companies in some ways have fallen behind rivals like Apple and Google, and analysts say closing the gap will be difficult.

PetroChina Buys Into a Canadian Firm

China’s biggest oil and gas producer agreed to pay $5.4 billion for a 50 percent stake in Encana’s shale natural gas project.