Canadian News

Share SHARE

Canada-based electronics manufacturer Celestica Inc. (CLS.TO, CLS) on Tuesday reported a 40 percent decline in profit for the third quarter from last year, reflecting lower revenues primarily due to weakness in the company's Communications end market. However, adjusted earnings per share for the quarter...

Canadian railroad operator Canadian National Railway Co. (CNI, CNR.TO) reported Tuesday a profit for the third quarter that increased 21 percent from last year, reflecting revenue growth amid higher freight volumes and freight rate increases. However, both earnings per share and quarterly revenue missed...

Mining giant BHP Billiton Ltd. (BHP, BHP.AX, BBL, BLT.L) Tuesday said its iron ore production for the September quarter increased 17 percent to 57.1 million tons. Copper production for the quarter dropped 3 percent to 389.4 thousand tons, while total petroleum production rose 7 percent to 67.4 million...

Celestica Inc. (CLS.TO, CLS) reported net income for the third quarter of US$34.4 million or US$0.19 per share, compared to US$57.4 million or US$0.31 per share for the year-ago quarter. Excluding items, adjusted net income for the third quarter was US$47.2 million or US$0.26 per share, compared to...

Canadian stocks surged to end higher for a fourth straight session on Tuesday, led by natural resource stocks on higher commodity prices and fairly impressive economic data from the U.S. and China aiding sentiment. Expectations that the European Central Bank will announce further stimulus to revive...

Canadian stocks are moving higher Tuesday morning, extending gains to a fourth successive session, with higher commodity prices and fairly impressive economic data from the U.S. and China aiding sentiment. Expectations that the European Central Bank will announce further stimulus to revive the eurozone...

CanadianPacificRailway-102114.jpg Canada's second-largest railroad operator Canadian Pacific Railway Ltd. on Tuesday reported a 23 percent increase in profit for the third quarter from last year, reflecting growth in freight revenue on higher grain and crude oil shipments. However, revenue for the quarter missed analysts' expectations.

The euro came under pressure on Tuesday amid reports that the European Central Bank is considering the purchase of corporate bonds on the secondary market, if it finds that the currency bloc needs more stimulus to shore up growth. The central bank may take a decision regarding the matter as soon as...

Canadian stocks are likely to open higher Tuesday, extending recent gains on positive global cues. A rally in European markets amid expectations that the European Central Bank will announce further stimulus to revive the eurozone economy, is expected to aid sentiment. Speculation that the U.S....

Canada's second-largest railroad operator Canadian Pacific Railway Ltd. (CP, CP.TO) said its third-quarter net income increased to C$400 million, or C$2.31 per share, from C$324 million, or C$1.84 per share, a year before. On average, 17 analysts polled by Thomson Reuters expected the company to report...

The Canadian dollar strengthened against its major rivals in European deals on Tuesday, amid risk appetite and an increase in oil prices after better-than-expected China GDP data for the third quarter. Crude for December delivery added $0.67 to $82.58 per barrel. Official data showed that China's...

Shares of Northern Petroleum Plc.(NOP.L) climbed around 21 percent in London trading after the oil company said Tuesday that its expected production would provide sufficient monthly operating income to make the company cashflow positive. In its update regarding drilling and production activities in...

Shares of Quindell Plc (QPP.L) increased around 10 percent in London trading after the provider of professional services and digital solutions announced Tuesday that a Major Insurer, top three in Canada, has contracted with Quindell to provide telematics technology solution and associated services, exclusively...

The U.S. dollar fell against its major counterparts on Tuesday, as traders speculate that soft global growth may cause the Federal Reserve to delay the timing of interest rate hike. Although the central bank is expected to wind down its quantitative easing program completely at its October 28-29 meeting,...

The Australia and NZ dollars firmed up further against the other major currencies on Tuesday after data showed that Chinese economic growth data was slightly above expectations. Ahead of the Chinese data, the Australian dollar was up slightly against most major currencies following the release of...