Canada’s Imperial Oil IMO-T +5.26%increase reported a 72 per cent drop in second-quarter profit on Friday as maintenance activity hit its production while a slump in energy prices further dented earnings.Global oil prices […]
Author: Consultant
Canadian economy grew 0.3% in May, but looks to have contracted in June
The Canadian economy grew by 0.3 per cent in May despite downward pressure from wildfire-hit oil and gas production but it looks to have slowed in June, Statistics Canada said […]
TC Energy shares sink on plans to spin off oil pipeline business
Shares of TC Energy TRP-T -5.12%decrease fell nearly 5 per cent on Friday after the Keystone pipeline operator said it would spin off its liquids business to focus on transporting natural gas.The spinoff, […]
European Central Bank raises rates to 23-year high; keeps options open for September
The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the door open to further tightening as stubborn inflation and a growing risk of […]
U.S. economic growth accelerates in second quarter; weekly jobless claims fall
The U.S. economy grew faster than expected in the second quarter as labour market resilience underpinned consumer spending, while businesses boosted investment in equipment, potentially keeping a much-feared recession at […]
Teck Resources misses quarterly profit estimates, lowers annual copper output target
Canadian miner Teck Resources Ltd TECK-B-T -3.22%decrease missed profit estimates for second-quarter profit on Thursday and lowered its annual copper production outlook due to delays at a project in Chile.The Quebrada Blanca Phase […]
U.S. Federal Reserve raises interest rates by quarter-point, leaves door open to another hike
The U.S. Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. […]
AGNICO EAGLE REPORTS SECOND QUARTER 2023 RESULTS –
https://www.newswire.ca/news-releases/agnico-eagle-reports-second-quarter-2023-results-record-quarterly-gold-production-and-solid-cost-performance-drive-strong-quarterly-earnings-and-operating-cash-flow-well-positioned-to-achieve-annual-production-and-cost-guidance-831444798.html
TOROMONT ANNOUNCES RESULTS FOR THE SECOND QUARTER OF 2023 AND QUARTERLY DIVIDEND
https://www.newswire.ca/news-releases/toromont-announces-results-for-the-second-quarter-of-2023-and-quarterly-dividend-830934841.html