Latest News
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Canada’s unemployment rate rises to six-month high as full-time jobs drop
Canada’s unemployment rate rose to a six-month high in April to 6.9 per cent as the economy lost a net of 17,700 jobs in March, Statistics Canada data showed on Friday, indicating a continued weakness…
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Thomson Reuters: Q1 Earnings Snapshot
Thomson Reuters Corp. (TRI) on Tuesday reported first-quarter earnings of $459 million. On a per-share basis, the Toronto-based company said it had net income of $1.03. Earnings, adjusted for non-recurring costs and to account for…
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Crude Oil: Short-Term Energy Outlook
https://www.eia.gov/outlooks/steo Crude Oil Prices Forecast next month Base case for next month: crude oil likely trades sideways to moderately higher, with WTI roughly US$58–65/bbl and Brent roughly US$62–70/bbl, assuming no major supply shock. EIA STEO…
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Cenovus posts higher profit, raises dividend as MEG acquisition spurs record output
Oil and gas producer Cenovus Energy CVE-T -4.23%decrease posted a rise in first-quarter profit on Wednesday, helped by higher benchmark crude oil prices and as the acquisition of MEG Energy boosted its upstream production to record levels. Cenovus’ acquisition…
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Tim Hortons parent Restaurant Brands reports profit up from a year ago
Tim Hortons parent company Restaurant Brands International Inc. QSR-T -4.74%decrease reported a first-quarter profit attributable to common shareholders of US$338-million, up from US$159-million a year earlier. The company, which keeps its books in U.S. dollars, says the profit…
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Loblaw reports higher profit as it opens more discount stores, raises dividend
Loblaw Cos. Ltd. L-T -2.45%decrease reported a 6.8-per-cent increase in adjusted first-quarter profit and boosted its dividend paid to shareholders on Wednesday, as the country’s largest grocer continued to benefit from opening more No Frills and Maxi discount…
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Suncor first-quarter earnings jump to $2.1B as it reports record production
Oilsands giant Suncor Energy Inc. says its first-quarter net earnings came in at $2.1 billion, up from $1.69 billion in the same period a year earlier. The profit amounted to $1.77 per share, higher than…
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Thomson Reuters: Q1 Earnings Snapshot
Thomson Reuters Corp. (TRI) on Tuesday reported first-quarter earnings of $459 million. On a per-share basis, the Toronto-based company said it had net income of $1.03. Earnings, adjusted for non-recurring costs and to account for…
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Cameco reports Q1 profit and revenue up from year ago
Cameco Corp. reported its first-quarter profit and revenue rose compared with a year ago, helped by increased uranium sales and higher prices. The company says it profit attributable to equity holders amounted to $131 million…