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Aug 13: U.S. crude oil falls more than 1% as slowing global demand overshadows Iran-Israel tensions
The U.S. crude oil benchmark fell as an expected attack by Iran on Israel has not materialized. Concerns about the strength of global oil demand are also weighing on the […] This post is only…
Wholesale inflation measure rose 0.1% in July, less than expected
The producer price index, a measure of wholesale inflation, increased 0.1% on the month, less than 0.2% forecast. PPI excluding food and energy was flat. On a year-over-year basis, headline […] This post is only…
Aug 12: Oil extends gains for fifth session on Middle East tensions, U.S. data
Oil prices rose for a fifth consecutive session on Monday, extending gains from the previous week’s more than 3 per cent rise, as U.S. recession fears eased and Middle East […] This post is only…
Canada’s Tourmaline Oil to acquire Crew Energy for $1.3-billion
Canada’s Tourmaline Oil TOU-T +3.04%increase said on Monday it will acquire Crew Energy in a $1.3-billion all-stock deal, which includes debt, to boost its presence in the Montney shale play in Alberta.The shale […] This post is only…
Barrick Gold reports US$370M Q2 profit, up from US$305M a year ago
Barrick Gold Corp. reported its second-quarter profit rose compared with a year ago, helped by higher gold and copper prices.The miner, which keeps its books in U.S. dollars, says it […] This post is only…
Rail shutdown possible in two weeks, as lockout warnings follow labour board ruling
Canada’s railways could fully shut down in less than two weeks after the national labour tribunal ruled rail work does not amount to an essential service.In a pair of decisions […] This post is only…
Calendar: Aug 12 – Aug 16
Monday, Aug 12830 am ET: Canada building permits for June. BMO expects a 10% rise, rebounding from May’s 12.2% decline2 pm ET: U.S. budget balanceEarnings include: Barrick Gold, Sun Life […] This post is only…
Saputo reports $142M Q1 profit, revenue up nearly 10% from year ago
Saputo Inc. reported a profit of $142 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago.The cheese and dairy company says […] This post is only…
Linamar Delivers Another Quarter of Outstanding Double-Digit Growth and Announces CEO Succession
Linamar is announcing today that Jim Jarrell has been appointed Chief Executive Officer and President, following execution of a multi year succession transition plan. Mr. Jarrell succeeds Linda Hasenfratz, who will remain a […] This post is only…