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 […]
Category: Uncategorized
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 […]
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 […]
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 […]
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 […]
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 […]
Pembina Pipeline earns $479 million in second quarter, ups full-year forecast
Pembina Pipeline Corp. says it earned $479 million in its second quarter of this year, a 32-per-cent increase over the same period in 2023.The Calgary-based pipeline company says its earnings […]
Calendar: Aug 5 – Aug 9
Monday August 5Canadian markets closedChina, Japan and Euro zone services and composite PMI(9:45 a.m. ET) U.S. S&P Global Services PMI for July.(10 a.m. ET) U.S. ISM Services PMI for July.(2 […]
Aug 8: Oil prices rise as jobless claims fall, market waits for possible Iran strike on Israel
West Texas Intermediate has bounced back after crude inventories fell for the sixth week in a row. The oil market is now waiting to see whether Iran will follow through […]