Tag: Yahoo Finance

CANADA FX DEBT-Loonie posts 11-week high as investors weigh election uncertainty

Polls show Prime Minister Justin Trudeau's Liberals are locked in a tie with the opposition Conservatives and will not capture enough seats for a majority. "I think there is probably some squaring up ahead of that event (the vote)," said Mark McCormick, North American head of FX strategy at TD Securities. "It could go in two directions, which could be currency moving." A Conservative majority could be positive for the currency, while a Liberal minority government that relies on the support of the New Democratic Party (NDP) could be negative, McCormick said....

FAA Concerned About Boeing Text Messages That May Indicate Company Misled Agency On 737 Max

Boeing Co's (NASDAQ: BA) stock plummeted Friday after a report that the company this week gave federal investigators text messages from 2016 suggesting it may have misled officials probing the grounded 737 MAX airplane. Federal Aviation Administrator Steve Dickson sent a letter to Boeing saying he expects an immediate explanation from the company over why Boeing appears to have sat on "concerning" information that it discovered in its files months ago. Reuters reported on Friday that the information involves text messages between two Boeing employees in 2016 that raise questions about the degree to which the aircraft maker may have known about possible issues with the MCAS anti-stall system, a critical part of the FAA investigation into two crashes of Boeing aircraft, one in Indonesia and one in Ethiopia....