Latest News
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Teck cuts QB2 forecast again as it tries to convince investors of Anglo takeover
Teck Resources Ltd. TCK-N +3.55%increase has cut its production forecast yet again at its QB2 mine as it continues to grapple with engineering problems at the high-altitude operation in Chile. Vancouver-based Teck announced the latest QB2 guidance cut…
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Cenovus sweetens takeover bid for MEG Energy to $8.6-billion
novus Energy Inc. CVE-T +1.05%increase boosted its offer for MEG Energy Corp. MEG-T +5.52%increase to $8.6-billion in an attempt to win a hotly contested Alberta oil sands takeover battle. Early Wednesday, Cenovus announced a cash-and-share bid of $29.80 per MEG share,…
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Canada’s trade deficit widens to $6.32-billion in August as exports drop
Canada’s merchandise trade deficit widened in August to $6.32-billion as exports fell faster in both value and volume than the rise in imports on a monthly basis, official government statistics showed on Tuesday. The trade…
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Oil prices rise after OPEC+ hikes output less than expected
Oil prices rose more than 1 per cent on Monday after OPEC+’s planned production increase for November was more modest than expected, tempering some concerns about supply additions, though a soft outlook for demand is…
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Gold climbs above $3,900 mark for the first time amid ongoing U.S. shutdown, Fed cut expectations
Gold prices touched an all-time high on Monday, soaring above the US$3,900-per-ounce level, as investors flocked to safe-haven bullion amid the U.S. government shutdown, broader economic uncertainty and prospects of further Federal Reserve rate cuts.…
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Calendar: Oct 5 – Oct 10
Sunday October 5 OPEC+ meeting — Monday October 6 10 am ET: U.S. global supply chain pressure index Earnings include: Constellation Brands Inc. — Tuesday October 7 Prime Minister Carney meets U.S. President Trump in…
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Calendar: Sept 29 – Oct 3
Monday September 29 China industrial profits and current account balance Euro zone consumer and economic confidence Germany retail sales (10 a.m. ET) U.S. pending home sales for August. The Street is forecasting a month-over-month increase…
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Trump targets heavy-duty trucks, pharmaceuticals in latest round of punishing tariffs
U.S. President Donald Trump on Thursday took aim at a broad range of imported goods in announcing a new round of punishing tariffs, saying the U.S. will impose 100 per cent duties on imported branded drugs, 25 per…
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U.S. consumer spending, inflation rise in August
U.S. consumer spending increased slightly more than expected in August as households went on vacation and dined out, keeping the economy on solid ground as the third quarter progressed, while inflation continued to steadily pick…