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The U.S. dollar jumped against its Canadian counterpart, after Bank of Canada deputy governor Timothy Lane said the central bank “will be paying close attention to how the economy responds to both higher interest rates and the stronger Canadian dollar.” Lane also said protectionist sentiment in parts of the world was concerning, adding that “the possibility of a material protectionist shift–particularly regarding the outcome of negotiations on possible changes to the North American Free Trade Agreement–is a key source of uncertainty for Canada’s economic outlook.” Following the remarks, the U.S. dollar bought C$1.2325 on Monday afternoon, compared with C$1.2195 late Friday in New York. The BOC last raised its benchmark interest rates earlier this month.

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From:: Stock Market News

Shale crude-oil production from seven major U.S. oil plays is expected to see a monthly climb of 79,000 barrels a day in October to 6.083 million barrels a day, according to a monthly report from the Energy Information Administration released Monday. The report has forecast increases in shale-oil output every month so far this year. Oil output from the Permian Basin, which covers parts of western Texas and southeastern New Mexico, is expected to see the largest climb among the big shale plays, with an increase of 55,000 barrels a day. Oil output at the Eagle Ford shale play in South Texas, however, is expected to decline by 9,000 barrels a day. October West Texas Intermediate oil was up 7 cents, or 0.2%, for the session at $49.96 a barrel, a few minutes before the settlement on the New York Mercantile Exchange.

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Gold prices suffered on Monday their fifth decline in six sessions with record highs for benchmark U.S. stock indexes helping to push prices to their lowest level in more than three weeks. December gold fell $14.40, or 1.1%, to settle at $1,310.80 an ounce. That was the lowest finish since Aug. 25, according to FactSet data.

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Dimension Therapeutics Inc. shares surged 38% in early afternoon trade Monday on news that Ultragenyx Pharmaceutical Inc. has proposed to buy all its outstanding common stock for $5.50 per share, or about $138 million. Dimension Therapeutics shares were valued at $4.20 as of Friday’s close and surged to $5.79 after the bid, while Ultragenyx shares declined 1.7% in early afternoon trade. The offer would be offered in cash at close to be effectuated via a tender offer, Ultragenyx said. REGENXBIO Inc. said in late August that it planned to buy Dimension Therapeutics for about $3.41 per share, and that the board of directors of both companies had signed on. But Ultragenyx said that its offer represents “premiums of 24% and 48% over the implied value of the all-stock consideration” offered by REGENXBIO. “As such, the proposal would provide Dimension stockholders with an immediate and certain return on their investment in Dimension and constitutes a superior alternative to the REGENXBIO transaction,” Ultragenyx said. Dimension Therapeutics shares have surged 236% over the last three months, compared with a 2.8% rise in the S&P 500 .

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The U.S. Justice Department has begun a criminal investigation into sales of stock by Equifax Inc. executives, Bloomberg News reported, citing people familiar with the investigation. The probe will look into the stock sales of its chief financial officer, John Gamble; its president of U.S. information solutions, Joseph Loughran; and its president of workforce solutions, Rodolfo Ploder. The Securities and Exchange Commission is working with the Justice Department on the investigation into whether they violated insider trading laws by selling stock after the company discovered it had been hacked but before disclosing the breach to the public, the report said. The transactions were not disclosed in regulatory filings for pre-scheduled trading activities. Lawmakers, state attorneys general and several regulators are scrutinizing the breach that compromised the privacy of 143 million U.S. consumers, according to Equifax statements. Equifax shares have fallen 35% since the breach was disclosed on Sept. 7 after the market close. The company and the executives didn’t immediately respond to Bloomberg’s requests for comment.

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From:: Stock Market News

Airline stock were broadly lower Monday, as the industry braced for two more hurricanes. The sector’s weakness was enough to push the Dow Jones Transportation Average into negative territory despite a rally in other broader market indexes. Among the Dow transports airline components, shares of Alaska Air Group Inc. shed 2.7%, United Continental Holdings Inc. lost 1.9%, American Airlines Group Inc. fell 1.3%, Southwest Airlines Co. gave up 1.1%, Jet Blue Airways Corp. dropped 1.0% and Delta Air Lines Inc. slipped 0.4%. The combined price declines shaved about 30 points off the Dow transports, which was down 21 points. Hurricane Jose was expected to bring heavy rains and strong winds to the northeast, while Hurricane Maria is expected to strengthen to at least a Category 3 when it hits the Caribbean by midweek. That would come just about two weeks after Hurricane Irma hit the region and about three weeks after Hurricane Harvey made landfall. The NYSE Arca Airline Index slumped 1.2%, while the Dow transports slipped 0.2%, the Dow Jones Industrial Average gained 81 points (0.4%) and the S&P 500 tacked on 0.3%.

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From:: Stock Market News

Shares of Boeing Co. were rallying Monday, helping to deliver a daily and monthly boost to the Dow Jones Industrial Average. The industrials giant has been among the best performers among the Dow’s 30 components. On Monday, Boeing’s shares were up $2.65, or 1%, adding about 18 points to the price-weighted average. In September, so far, the company has gained more than $12 to the benchmark, translating to an 80-point rise as the Dow carves out a fresh all-time high. A $1 move in any one of the Dow’s components equates to a 6.89-point swing. Boeing also is trading at its own record, logging a fresh intraday high at $253.67 in early Monday trade. Boeing also has been the best advancer for the Dow so far this year, up 61.5%. Overall, the Dow is up 13.1%, the S&P 500 index has climbed 12% year to date, while the Nasdaq Composite Index has advanced more than 20% thus far in 2017.

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From:: Stock Market News

Shares of Boeing Co. were rallying Monday, helping to deliver a daily and monthly boost to the Dow Jones Industrial Average. The industrials giant has been among the best performers among the Dow’s 30 components. On Monday, Boeing’s shares were up $2.65, or 1%, adding about 18 points to the price-weighted average. In September, so far, the company has gained more than $12 to the benchmark, translating to an 80-point rise as the Dow carves out a fresh all-time high. Boeing also is trading at its own record, logging a fresh intraday high at $253.67 in early Monday trade. Boeing also has been the best advancer for the Dow so far this year, up 61.5%. Overall, the Dow is up 13.1%, the S&P 500 index has climbed 12% year to date, while the Nasdaq Composite Index has advanced more than 20% thus far in 2017.

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From:: Stock Market News

Shares of Ubiquiti Networks Inc. sank as much as 13% to a three-month low in morning trade Monday before paring some losses, after famed short-seller Andrew Left said he believed the networking technology company was a “total fraud.” Left’s Citron Research detailed a number of “red flags” that suggests what the company was reporting was deceiving investors, including operating margins that were well above its peers and a growing cash position but relatively low interest income. Ubiquiti Chief Executive Robert Pera owns a controlling interest in the Memphis Grizzlies NBA franchise. Ubiquiti declined a request for a comment. The company has an investor meeting scheduled for Sept. 26. The stock was recently down 5.0%, on volume of 4.4 million shares, compared with the full-day average of about 600,000 shares. The stock has rallied 7.5% over the past three months, but has lost 9.8% year to date. In comparison, the S&P 500 has gained 3.0% over the past three months and 12% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News