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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jun 07, 2013
Page
10
Canadian and U S markets closed with gains in major indices led by the S P 500 and Nasdaq while the S P/TSX Composite dipped. Currencies softened against the U S dollar as oil and gold futures rose with silver edging up slightly.
Canada’s Competition Bureau lays criminal charges against Nestle Canada Mars Canada and ITWAL with former Nestle executives named for conspiracy under the Competition Act. Hershey Canada pleads guilty to one count of price fixing related to 2007 communications.
Bank of Canada governor Stephen Poloz signaled no change to the current low rate policy in the near term amid concerns over imbalances from prolonged easy money. Analysts suggest a dovish stance may lower the likelihood of a rate hike at the July 17 decision. The dollar rose slightly after the appearance before MPs.
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