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Canadian stocks are surging higher Thursday morning, coming back strongly after yesterday's sharp setback, with some upbeat Canadian earnings reports and a slightly better than U.S. jobless claims data lifting sentiment. A strong reading of U.S. economic indicators and some fairly encouraging economic...

Obama-102314.jpg Following news of a shooting at the Canadian Parliament complex in Ottawa, President Barack Obama called Canadian Prime Minister Stephen Harper on Wednesday to express the American people's solidarity with their neighbors to the north.

Shaw-102314.jpg Canadian cable and media company Shaw Communications, Inc. reported Thursday a profit for the fourth quarter that surged 64 percent from last year, reflecting improved operating margins and revenue growth.

Canadian stocks are likely to open higher Thursday, bouncing back after yesterday's sharp setback, after slightly better than expected U.S. jobless claims report and some upbeat Canadian earnings. Fairly encouraging economic data from China and the eurozone are also likely to aid sentiment. Expectations...

The Japanese yen slipped against its major opponents in European deals on Thursday, as a solid PMI reports of both Germany and Eurozone, along with an uptick in Chinese manufacturing activity in October reduced fears about global growth. The Eurozone private sector logged a marginal upturn in growth...

Canadian communications and media company Shaw Communications, Inc. (SJR, SJR.B.TO) reported a 64.1% growth in fourth-quarter net income to C$192 million, or C$0.40 a share, from C$117 million, or C$0.24 a share, last year. Consolidated revenue for the three-month period was C$1.26 billion, compared...

Brookfield Asset Management Inc. (BAM, BAM_A.TO) has made a proposal to Brookfield Residential Properties Inc. (BRP.TO, BRP) to acquire the approximately 30% of common shares of Brookfield Residential that it does not own for $23.00 cash a share. The proposed price represents nearly 20% premium to both...

Rogers Communications Inc. (RCI.TO, RCI), a diversified Canadian communications and media company, posted lower net income of C$332 million, or C$0.64 per share for the third quarter, versus last year's C$464 million, or C$0.90 per share. On an adjusted basis, net income for the recent quarter totaled...

Penn West Petroleum Ltd. (PWE, PWT.TO) Thursday said it has signed an agreement to sell non-core assets located in south central Alberta for expected proceeds of around $355 million to a private company. The assets are currently producing about 7,500 barrels of oil equivalent per day. The disposition...

Potash Corp. of Saskatchewan Inc.'s (POT, POT.TO) third-quarter net income slid to $317 million or $0.38 per share, from $356 million or $0.41 per share, last year. On average, 23 analysts polled by Thomson Reuters expected the company to report earnings of $0.42 per share for the quarter. Analysts'...

The euro erased its early losses and strengthened against the other major currencies in the European session on Thursday, after data showed that the Eurozone private sector logged a marginal upturn in growth in October. Data from Markit Economics showed that the composite output index rose to 52.2...

The Japanese yen slipped against its most major rivals in early European deals on Thursday. The yen reversed from an early high of 107.10 against the greenback, falling to near a 2-week low of 107.63. The yen hit 2-day lows of 112.94 against franc and 136.26 against the euro, off early weekly highs...

Canadian security sources have identified the gunman who was killed by police after he stormed the country's parliament building on Wednesday as Michael Zehaf-Bibeau. A Muslim convert in his early thirties, Bibeau was the son of a Quebec businessman. He was charged multiple times for petty crimes...

The NZ dollar weakened against the other major currencies in the Asian session on Thursday after data showed that consumer prices in New Zealand rose by less than expected in the third quarter of 2014. Data from the Statistics New Zealand showed that consumer prices in New Zealand advanced 0.3 percent...

Open Text Corp (OTEX, OTC.TO) Wednesday reported first-quarter net earnings of $64.7 million or $0.53 per share compared with $30.6 million or $0.26 per share last year. Excluding items, adjusted earnings for the quarter were $0.97 per share compared with $0.69 per share a year ago. Revenues for...