Latest News
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Fiera Capital, former infrastructure head sue each other as fund’s redemption queue hits $700-million
Fiera Capital Corp. FSZ-T -4.10%decrease is locked in a legal battle with its recently terminated infrastructure head, with both sides suing each other after years of poor fund performance and investor redemption requests. Alina Osorio, Fiera Infrastructure’s former…
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Gold zooms past $4,000 for first time in historic flight to safety
Gold raced past $4,000 an ounce for the first time on Wednesday as investors piled into a record-breaking rally in the safe-haven asset to hedge against global economic uncertainty, while also betting on U.S. interest…
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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…