First Quantum Minerals Ltd. reported US$325 million in net earnings attributable to shareholders for the third quarter, up from US$113 million a year earlier.Sales revenues totalled US$2.0 billion, up from […]
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CN Rail profits plummet as consumer demand falls and B.C. port strike takes its toll
Canadian National Railway Co. is reporting a nearly one-quarter drop in profits for the three months ended Sept. 30.Canada’s largest railway says falling consumer demand and fallout from the B.C. […]
House elects Johnson as speaker as Republicans rally
Rep. Mike Johnson was elected by the House to become the next speaker as Republicans rallied behind their fourth nominee to replace former Speaker Kevin McCarthy.Johnson could afford only a handful […]
Hurricane Otis unleashes a ‘nightmare scenario’ Category 5 strike on Acapulco and southern Mexico
Hurricane Otis unleashed a “nightmare scenario” on Acapulco in southern Mexico Wednesday morning after the storm rapidly intensified into a Category 5 just before landfall and gave officials and residents […]
Chevron to buy Hess Corp for US$53-billion in second oil mega-merger in weeks
Chevron Corp CVX-N -3.61%decrease agreed to buy Hess HES-N -0.91%decrease for $53 billion in stock to gain a bigger U.S. oil footprint and a large stake in rival Exxon Mobil Corp’s XOM-N -1.92%decrease massive Guyana discoveries, the latest in […]
Oil slips as investors watch diplomatic moves in Gaza war
Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to contain the conflict between […]
Bank of Canada expected to hold interest rates this week as inflation slows
The Bank of Canada is widely expected to hold the line on interest rates this week after inflation fell unexpectedly in September while economic growth continues to flounder.Until a week […]
Oct 23 At the open: TSX starts lower as investors prepare for Bank of Canada interest rate decision
Canada’s main stock index moved lower on Monday, hurt by a sell-off in energy and materials stocks as prices of most commodities fell, while rising government bond yields kept adding […]