OTTAWA / WAM Two people died and more than a million were without power after an ice storm hit Canada’s two most-populated provinces ahead of a holiday weekend, bringing freezing rain and strong winds that toppled trees and weighed down power lines, Reuters reported. Just under a million people did not have power in Quebec and about 110,000 in Ontario ...

BLOOMBERG Policy-sensitive Treasury notes fell and US stock futures advanced after a solid March jobs report did little to alter views on the Federal Reserve’s next policy move. Futures on the S&P 500 erased losses to trade higher, while the two-year Treasury yield jumped 11 basis points to 3.94% after the March jobs report showed payroll growth moderated, while wages ...

BLOOMBERG India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank. Local lenders with a so-called IFSC Banking Unit — basically having a unit in the International Financial Services Centre currently in Gift City in Gujarat — will be permitted to offer non-deliverable ...