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Canadian stocks plunged Wednesday, racing lower in the afternoon as crude oil prices collapsed. Financials provided a measure of support after RBC turned in strong earnings. The S&P/TSX Composite Index was down 138.53 points, or 0.94 percent, to 14,626.24. The Gold Index plummetted 7 percent...

Oysters-Recall-082416.jpg Five Star Shellfish Inc. has announced a voluntary recall of oysters from Canada due to a potential Salmonella contamination. The company distributed the Five Star branded oysters to retailers in Alberta, Manitoba and Ontario, which were harvested after August 13. The Canadian Food Inspection Agency...

The Canadian stock market is losing ground in early trade Wednesday. Falling commodity prices are weighing on the market, as well as investor caution ahead of Fed Chair Janet Yellen's speech at the end of the week. The decline in gold prices has accelerated this morning and crude oil prices are under...

Early signals are mixed for Canadian stocks Wednesday morning, as oil prices slumped on signs of rising U.S. inventories. However, upbeat earnings from another of Canada's biggest banks may keep investors in a decent mood. Royal Bank of Canada (RY.TO) revealed earnings for its third quarter that...

Biotechnology company Telesta Therapeutics Inc. (TST.TO, BNHLF) announced Wednesday that it has executed a binding agreement to be acquired by ProMetic Life Sciences Inc. (PLI.TO) for consideration of $0.14/Telesta share. James Rae, Chairman of the Board of Directors of Telesta, said, "Following a...

CNOOC Limited (CEO, CNU.TO) reported a basic loss per share of RMB 0.17 for the six months ended June 30, 2016. Net loss was RMB 7.74 billion. Oil and gas sales revenue were RMB 55.08 billion, representing a decline of 28.5% from prior year. Total net oil and gas production reached 241.5 million BOE,...

The U.S. dollar strengthened against mots major currencies in the pre-European session on Wednesday. The U.S. dollar rose to 2-day highs of 1.1287 against the euro and 0.9646 against the Swiss franc, from early lows of 1.1311 and 0.9626, respectively. The greenback advanced to 1.3161 against...

The Australian dollar drifted lower against its major counterparts in pre-European deals on Wednesday. The aussie pared gains to 1.0433 against the kiwi, from a high of 1.0469 hit at 7:10 pm ET. The aussie declined to a 5-day low of 76.15 against the yen, 2-day lows of 1.4875 against the euro,...

Sophiris Bio Inc. (SPHS) has priced an underwritten public offering of 6.5 million of its common shares and related warrants to purchase 4.87 million of its common shares at a combined price of $4.00 per share and related warrant.

Pharma-081016.jpg Shares of Lannett Co. Inc. (LCI) were up more than 14% in extended trading on Tuesday, following better-than expected Q4 results and bright outlook for fiscal 2017.

American International Group Inc. (AIG) is in early discussions to sell insurance operations connected with Lloyd's of London to Canada's biggest pension fund, the Wall Street Journal reported citing people familiar with the matter. Canada Pension Plan Investment Board is in talks to acquire AIG's...

Canadian stocks eked out modest gains Tuesday, following oil prices higher. The S&P/TSX Composite Index was up 16 points to 14,764.77. Strength emerged in the financial sector after better-than-expected earnings from Bank of Montreal. BMO reported a quarterly profit of C$1.29 billion, or C$1.94...

The Canadian stock market is up in early trade Tuesday morning, extending its gains from the previous session. The financial sector is leading the way higher this morning after Bank of Montreal reported strong quarterly results. Meanwhile, energy stocks are struggling as crude oil prices extend the weakness...

The Canada Border Services Agency (CBSA) has launched a firearms awareness campaign reminding US travelers, coming to Canada, about their northern neighbours' relatively strict firearms laws. CBSA said in a statement Monday that Canadian firearm laws are different than US ones. CBSA strongly recommended...

Canadian stocks may rise for a second session Tuesday, after a major bank kicked off earnings season with strong results. Bank of Montreal (BMO.TO) surpassed expectations by reporting a quarterly profit of C$1.29 billion, or C$1.94 per share. This was higher than C$1.23 billion, or C$1.86 per...

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