Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment. West Texas Intermediate (WTI) […]
Author: Consultant
OPEC+ to meet on Saturday to set June output policy: Reuters
Eight OPEC+ countries will meet on Saturday to decide whether to agree a further accelerated oil output hike for June or make a smaller increase as originally planned, two sources […]
Calendar: May 5 – May 9
Monday May 5Japan, China and U.K. markets closed(9 a.m. ET) Canada’s S&P Global Services PMI for April.(9:45 a.m. ET) U.S. S&P Global Services and Composite PMI for April(10 a.m. ET) […]
Imperial Oil reports Q1 profit up from last year as revenues increase
Imperial Oil Ltd. reported a first-quarter profit of $1.29 billion, up from $1.20 billion in the same quarter last year. The company says the profit amounted to $2.52 per diluted […]
CN Rail profits rise despite U.S. trade war, as cargo volumes inch up
Canadian National Railway Co. CNR-T +4.31%increase says profits rose five per cent in its latest quarter as the country’s biggest railroad operator worked through a trade war set off by U.S. President Donald […]
Auto parts company Magna International reports US$146-million first-quarter profit
Magna International Inc. MG-T -3.73%decrease reported its first-quarter profit rose compared with a year ago as sales decreased.The auto parts company says its profit attributable to the company was US$146-million, compared with $9-million […]
GM to cut shift at Oshawa, Ont., assembly plant, citing Trump tariffs
General Motors Co. GM-N +0.20%increase said it will cut production at its pickup-truck plant in Oshawa, Ont., by the fall, a move the union says will result in more than 2,000 job losses […]
U.S. payroll growth totals 177,000 in April, defying expectations
Nonfarm payrolls increased a seasonally adjusted 177,000 for the month, slightly below the downwardly revised 185,000 in March but above the Dow Jones estimate for 133,000. The unemployment rate, however, […]
ALTAGAS REPORTS STRONG FIRST QUARTER 2025 RESULTS
Reiterating 2025 Guidance and Robust Long-term Growth OutlookCALGARY, AB, May 1, 2025 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX:ALA.TO) reported first quarter 2025 financial results and provided an update on its operations, […]