Latest News
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CGI reports $442-million in first-quarter profit, up from a year ago
CGI Inc. GIB-A-T reported a first-quarter profit of $442-million, up from $438.6-million a year earlier, as its revenue rose nearly eight per cent. The business and technology consulting firm says the profit amounted to $2.03 per diluted…
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Bank of Canada holds benchmark interest rate steady as expected amid trade uncertainty
The Bank of Canada kept its benchmark interest rate steady on Wednesday and offered little guidance about where monetary policy will go next as U.S. protectionism continues to reshape the Canadian economy. As widely anticipated,…
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Gold miner shares jump as bullion prices hit record high of $5,100 an ounce
Shares of gold miners jumped in morning trading on Monday, as bullion prices surged to a record high of US$5,100 an ounce, extending a historic rally driven by safe-haven demand amid geopolitical uncertainties and market…
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Franco-Nevada raises quarterly dividend, Albanese named chair
Franco-Nevada Corp. FNV-T says it is raising its quarterly dividend by about 16 per cent. The gold royalty and streaming company says it will now pay a quarterly dividend of 44 US cents, up from 38 US…
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China’s Zijin Gold to acquire Canadian miner Allied Gold for $5.5-billion in cash
Canadian gold miner Allied Gold Corp. AAUC-T +4.02%increase has agreed to be acquired by China’s Zijin Gold International Co. for $5.5-billion in cash. Zijin Gold, which is indirectly owned by the Chinese government, is paying $44 per share…
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Calendar: Jan 26 – Jan 30 (Earnings Season Begins)
Monday January 26 Germany’s business sentiment (8:30 a.m. ET) Canada’s annual revisions to Labour Force Survey (2023-2025) (8:30 a.m. ET) U.S. durable goods orders for November. The consensus projection on the Street is an increase…
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Frigid US Weather Catapults Nat-Gas Prices to a 3-Year High
February Nymex natural gas (NGG26) on Thursday closed up by +0.170 (+3.49%), Feb nat-gas prices extended this week’s parabolic rally on Thursday, climbing to a 3-year nearest-futures high. Natural gas prices have surged more than…
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Ottawa open to Chinese investment in Canada’s food processing, manufacturing industries
Ottawa is encouraging China to invest in Canada’s food processing and manufacturing industries, an area where the country has struggled to secure the capital it needs to stay globally competitive. Agriculture Minister Heath MacDonald said in an…
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U.S. economy grew 4.4% in third quarter, fastest pace in two years
Powered by strong consumer spending, the U.S. economy grew at the fastest pace in two years from July through September, the government said Thursday in a slight upgrade of its first estimate. America’s gross domestic…