West Fraser Timber Co. says it earned US$105 million in the second quarter, up from a loss of US$131 million a year earlier.The Vancouver-based company says it saw sales of […]
Category: Uncategorized
Teck cuts copper forecast as it experiences more bumps with QB2 mine ramp-up
Teck Resources Ltd. is cutting its copper production forecast and hiking its costs just weeks after the Canadian miner’s focus narrowed significantly to rely only on metals.Vancouver-based Teck on Thursday […]
Rogers Communications’ Q2 profit up amid lower restructuring costs from Shaw merger
Rogers Communications Inc. reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring and acquisition costs related to its purchase […]
Bank of Canada cuts key rate to 4.5%
The Bank of Canada lowered its benchmark interest rate for the second consecutive time on Wednesday and said that it is now putting more emphasis on downside risks to economic […]
CN Rail lowers 2024 earnings forecast due to strike uncertainty
Canadian National Railway Co. says it earned $1.11 billion in the second quarter, though it lowered its forecast for earnings growth as it faces the threat of a worker strike.The […]
China Lowers Policy Rates To Prop Up Growth
By Renju Jaya ✉ | Published: 7/22/2024 2:07 AM ET | China lowered its short-term policy rate as well as benchmark lending rates on Monday, in order to prop up growth.The People’s Bank of China cut […]
Calendar: July 22 – July 16
Monday July 22Earnings include: Cleveland-Cliffs, Verizon, NucorTuesday July 23Euro area consumer confidence830 am ET: Canada new housing price index for June10 am ET: U.S. existing home sales for JuneEarnings include: Canadian […]
U.S. weekly unemployment claims increase more than expected, but no material shift in labour market
The number of Americans filing new applications for unemployment benefits rose more than expected last week, but there has been no material shift in the labour market and the data […]
U.S. crude stockpiles fall sharply, fuel builds: EIA
U.S. crude oil stockpiles last week fell more than expected, while gasoline and distillate inventories rose, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 4.9 million barrels […]