Latest News
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Imperial Oil’s fourth-quarter profit falls on weak crude prices
Canadian oil producer Imperial Oil IMO-T -2.42%decrease posted a fall in fourth-quarter profit on Friday, as lower crude prices offset higher production and stronger refinery-capacity utilization. Benchmark crude prices fell 3 per cent […] This post is only…
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CN Rail profits nearly half in fourth quarter as cargo volumes sag
Canadian National Railway Co. CNR-T +0.56%increase says year-over-year profits fell by nearly half in its latest quarter amid lower volumes across virtually all freight segments. The country’s largest railway is reporting net income […] This post is only…
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The ‘extreme’ gap in Canadian and U.S. interest rates
The Bank of Canada cut its benchmark interest rate on Wednesday. Its U.S. counterpart, the Federal Reserve, did not. As a result, Canadian rates are lagging behind those of the […] This post is only…
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CGI appoints Julie Godin as executive chairperson, strikes deal to buy Britain’s BJSS
CGI Inc.GIB-A-T +0.13%increase is appointing Julie Godin as the company’s new executive chairperson, confirming the board believes the businesswoman is now ready to steer the Canadian IT and business consulting giant after […] This post is only…
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Bank of Canada cuts rate by quarter point, highlights tariff risk
The Bank of Canada cut its benchmark interest rate by a quarter-percentage-point on Wednesday and warned that the resilience of Canada’s economy “would be tested” if a trade war breaks […] This post is only…
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Metro reports higher first-quarter profit, boosts dividend after ‘transition year’
Metro Inc. MRU-T -3.59%decrease reported a 4-per-cent increase in profits in the first quarter, and boosted the dividend paid to shareholders, as the grocery retailer emerges from a “transition year” and says it […] This post is only…
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Economic Calendar: Jan 27 – Jan 31
Monday January 27 China industrial profits and PMI Germany business sentiment (8:30 a.m. ET) Canadian wholesale trade for December. (10 a.m. ET) U.S. new home sales for December. The Street […] This post is only…
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Is Enbridge Stock Still a Buy After Hitting a New 52-Week High?
Baystreet.ca – Mon Jan 20 One top Canadian dividend stock that has been picking up steam of late is pipeline giant Enbridge (TSX:ENB)(NYSE:ENB). Known for its high-yielding payout and overall consistency, investors have […] This post is only…
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U.S. Federal Reserve says it will leave climate change organization
The U.S. Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how regulation of the financial system could help combat climate change. […] This post is only…