Rukshan Pushparajah

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Canadian dollar cracks 98¢ as world’s ‘most dovish central banker’ stands pat

<i>These are stories Report on Business is following Thursday, Sept. 19, 2013</i>.<p><b>Loonie surges</b><br>The Canadian has rallied to above the 98-cent (U.S.) level in the wake of the Federal Reserve's surprise decision to hold the line on its bond-buying stimulus program.<p>Yesterday's announcement drove U.S. stocks …

Markets rally, but buoyant mood unlikely to last

Markets applauded the Federal Reserve's decision to delay any pullback in its monthly bond purchases, but economists warn the boost to stocks, bonds and gold may prove to be short-lived.<p>All three assets surged when the Fed surprised observers with its decision to stick with its monthly …

Before the bell: Wall Street to extend record run

<i>The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.</i><p>Major U.S. stock indexes are set to push higher into record territory at the open and the TSX should hit its highest level in more than two years, …

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Jobless rate an imperfect measure, but not a useless one for Bernanke

To understand Federal Reserve policy, one must understand the labour market.<p>When hiring strengthens to the satisfaction of a critical mass of the 19 men and women who help set policy, tapering of asset purchases will begin, and the walk to normal with it.<p>But that's precisely why Fed policy has …