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Canadian stocks are likely to open on a somewhat sluggish note Wednesday, reacting to a mixed batch of U.S. economic data. With crude oil prices rather sluggish ahead of weekly inventory data and the forthcoming OPEC meet Thursday, energy stocks may turn in a mixed performance

Loyalist Group Limited (LOY.V) Wednesday reported third-quarter net income of C$1.89 million, up 14 percent from C$1.66 million in the prior year. Revenues for the quarter surged 93% to C$19.63 million from C$10.18 million a year ago. According to the firm, revenues continue to rise as a...

The euro retreated from its early highs against its most major counterparts in European deals on Wednesday, after the European Central Bank vice president Vitor Manuel Constancio hinted at the purchase of sovereign bonds by next quarter, if current stimulus programs seem inadequate to rejuvenate the...

Revive Therapeutics Ltd. said the U.S. Food and Drug Administration has accepted the company's Investigational New Drug Application to commence a clinical trial for REV-002 (Bucillamine) for the treatment of gout. The company plans to promptly initiate a Phase II-A clinical study in patients with...

Madalena Energy Inc. (MVN.V) posted third-quarter net loss of C$2.3 million, wider than C$0.1 million in the prior year period. Loss per share for the latest third quarter was C$0.00, same as last year. Funds flow from operations rose to C$8.8 million or C$0.02 per share from C$1.8 million or C$0.01...

Callinan Royalties Corporation (CAA.V) announced that it has entered into a definitive agreement with Hudson Bay Mining and Smelting Co. Limited, a wholly owned subsidiary of HudBay Minerals Inc. The company stated that this Settlement Agreement marks an end to protracted litigation which Callinan...

The Japanese yen weakened against the other major currencies in the European session on Wednesday amid risk appetite, as stronger-than-expected U.S. GDP data spurred optimism the U.S. economy is on a solid footing despite an uncertain global economy. The U.K.'s FTSE 100 index is currently up 0.34...

The Australian dollar dropped against its major counterparts in early European deals on Wednesday. The aussie declined to 0.8504 vs U.S. dollar, lowest since July 2010, while reaching a 2-week low of 100.13 versus the yen. Against the euro, the aussie hit near a 6-week low of 1.4680. The aussie...

Artisan Energy Corp. (AEC.V) has completed its acquisition of all of the issued and outstanding shares of each of MOGL Corp. and Spur Energy Corp., private oil and gas exploration and production companies with operations in Western Canada. Total consideration paid by Artisan for all of the issued...

Canadian Pacific Railway Limited (CP.TO, CP) said it plans to purchase for cancellation up to 1.21 million of its common shares following private agreements to be entered into between CP and an arm's-length third-party seller. The price for these shares purchased by way of private agreements will...

Grupo Financiero Santander México, S.A.B. de C.V. (BSMX) or Santander México, agreed Tuesday to acquire a consumer loan portfolio of about 4.10 billion pesos or $300 million, from the Mexican unit of Canada's Bank Of Nova Scotia (BNS, BNS.TO) or Scotiabank. Santander México is the Mexican subsidiary...

Canadian stocks ended higher Tuesday, on some upbeat economic data from the U.S. with its gross domestic product increasing more than previously estimated in the third quarter. Nevertheless, the gains were limited as crude oil prices plummeted to drive energy stocks down, with U.S. consumer confidence...

Members of the European Parliament voted on Tuesday to refer the EU-Canada agreement on the transfer of Passenger Name Records (PNR) to the European Court of Justice (ECJ) for an opinion on whether it is in line with the EU treaties and Charter of Fundamental Rights. Incidentally, this is the first...

Tecsys Inc (TCS.TO), a provider of supply chain management software, Tuesday reported second-quarter net earnings of C$0.4 million or C$0.04 per share compared with C$0.6 million or C$0.05 per share last year. Revenues for the quarter were C$13.5 million compared with C$11.6 million in the prior year. Analysts...

Mining stocks led the Canadian market higher in early deals Tuesday day, as metal prices were lifted by upbeat economic news from Germany. Recent data has offered a glimmer of hope that the European economy is on the mend following a protracted dry spell. Revised estimates released by the German...