Finance news

Canada’s main stock index was up 250 points in late-morning trading with the energy, technology and base metal sectors moving higher, while U.S. stock markets also gained.The S&P/TSX composite index was up 250.19 points at 36,420.64.In New York, the Dow Jones industrial average was up 18.55 points at 52,250.44. The S&P 500 index was up 85.66 points at 7,606.59, while the Nasdaq composite was up 456.34 points at 25,522.22.The Canadian dollar traded for 70.24 cents US compared with 70.52

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The Canada Pension Plan Investment Board reported a net loss of 0.5% in its second quarter as fixed-income losses took a bite out of its results.“Higher bond yields weighed on fixed-income returns this quarter, while diversification across the portfolio helped offset some of that pressure,” said CPP Investments CEO John Graham said in a statement.The fund said gains in public equities, private equity and real assets contributed positively during the quarter, but those gains were more than of

The Canada Pension Plan Investment Board reported a net loss of 0.5% in its second quarter as fixed-income losses took a bite out of its results.“Higher bond yields weighed on fixed-income returns this quarter, while diversification across the portfolio helped offset some of that pressure,” said CPP Investments CEO John Graham said in a statement.The fund said gains in public equities, private equity and real assets contributed positively during the quarter, but those gains were more than of