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IAMGOLD Corp. (IAG, IMG.TO) reported net earnings from continuing operations attributable to equity holders for the first quarter 2016 of $53.1 million or $0.13 per share, compared to a loss of $16.5 million or $0.04 per share, prior year. The company said the increase was mainly due to the gain on sale...

Canadian stocks fell sharply Tuesday, with resource producers saddled by a downturn in commodities. The S&P/TSX Composite Index was down 157.95 points, or 1.14 percent, to 13,707.68, extending Monday's retreat. OPEC nations and Russia are expected to keep pumping vast amounts of oil in order to...

Credit Suisse has upgraded Toronto-Dominion Bank from Neutral to Outperform.

The Canadian stock market is down sharply Tuesday morning, adding to the losses of the previous session. Mining stocks are selling off sharply in early trade, following the release of some disappointing Chinese manufacturing data. Energy and gold stocks are also pulling back as commodity prices continue...

Early signals are pointing to a rough open for Bay Street Tuesday morning amid weaker commodities and concerns about the Canadian market overheating. Stocks rose sharply along with crude oil and metal prices last month, but the rally has lost steam over the past week. On Monday, the S&P/TSX Composite...

The Canadian dollar continued to be lower against most major rivals in Europe on Tuesday. The loonie fell to a new 2-week low of 84.06 versus the yen and a 5-day low of 1.2592 against the greenback, off its early high of 84.97 and more than a 10-month high of 1.2461, respectively. The loonie dropped...

Canadian drugmaker Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) said that Joseph Papa has assumed the role of Chairman and Chief Executive Officer. As previously announced, he succeeds Michael Pearson. On April 25, 2016, Valeant announced that Papa would become Chairman and CEO. Papa,...

The euro climbed against its major rivals in European trading on Tuesday, on the back of a weaker dollar, and as the European Central Bank Executive Board member Benoit Coeure said that the central bank is unlikely to cut the deposit rate into "absurdly low levels." The policymaker said that thus...

Canadian energy producer Encana Corp. (ECA.TO, ECA) reported Tuesday that its first-quarter net loss was $379 million, narrower than last year's loss of $1.71 billion. Operating loss was $130 million or $0.15 per share, compared to prior year's profit of $19 million or $0.03 per share. On average,...

SmokefreeFDA-050316.jpg A public education campaign, known as "This Free Life", has been launched by the FDA in order to encourage lesbian, gay, bisexual and transgender young adults to live tobacco free.

The U.S. dollar extended its decline against the other major currencies in early European trading on Tuesday, following the releases of weak economic data from the U.S. released overnight, that pared expectations for a June rate hike. Data from the Institute for Supply Management showed that U.S....

The U.S. dollar declined further against the other major currencies in early European trading on Tuesday. The greenback fell to a 3-week low of 0.9512 against the franc and a 4-month low of 1.4740 against the pound, from its early highs of 0.9554 and 1.4660, respectively. The greenback slipped...

AUDJPY15-050316.jpg The Australian dollar retreated from early highs against the other major currencies in the Asian session on Tuesday after the Reserve Bank of Australia lowered its key rate unexpectedly by 25 basis points as inflationary pressures were weaker than projected. The board of the Reserve Bank of Australia...

Norwegian energy firm Statoil ASA (STO) said it has entered into an agreement with Lundin Petroleum AB (LUP.TO) to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum. The transaction also includes divestment of a 9 percent interest in...

Miner Centamin Plc. (CELTF.PK, CEY.L, CEE.TO) reported Tuesday that its first-quarter net profit climbed to $40.85 million from last year's $28.57 million. Earnings per share were 3.56 US cents, higher than 2.50 US cents a year ago. EBITDA was $67.5 million, up 27% from $52.99 million last year. Revenue...

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