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Scotiabank (BNS, BNS.TO) on Friday said its subsidiary has agreed to buy the retail and commercial banking operations of Citibank (C) in Peru, subject to regulatory approval. Scotiabank said the deal is not material to it, and its common equity tier one capital ratio will be impacted by less than...

Canadian stocks ended higher for a fourth straight session on Friday, tracking rising global equity markets and driven by gains in the energy sector with oil prices rebounding. The positive Federal Reserve stand on interest rate hikes yesterday, also weighed. With little or no major economic releases...

Canadian stocks are moving higher Friday morning, extending gains to a fourth successive day as crude oil prices steadied above $55 a barrel. After a flat start, the benchmark S&P/TSX Composite Index is up 85.44 points or 0.60 percent at 14,432.31, on course to end the week with a gain of about 5...

The Canadian dollar drifted lower against its major rivals in European deals on Friday, as Canada's consumer price growth slowed in November, primarily due to fall in gasoline prices. Data from Statistics Canada showed that Canada's consumer prices grew 2.0 percent on year, following a 2.4 percent...

Canadian stocks look set to open on a positive note Friday, extending gains to a third successive session, on strong global cues and fairly encouraging Canadian economic data. According to data released by Statistics Canada, core consumer price inflation unexpectedly declined to 2 percent in November,...

Timberline Resources Corp. (TLR, TBR.V) announced that it has appointed Kiran Patankar as its new President and Chief Executive Officer. Patankar will succeed Paul Dircksen, a founding member of the Company's management, who will semi-retire and has been appointed as the Company's new Vice-President...

Gildan Activewear Inc. (GIL, GIL.TO) announced that it has appointed James Kehoe as its Executive Vice-President, Chief Financial and Administrative Officer, effective January 1, 2015. Kehoe succeeds Laurence Sellyn, who is retiring from this position which he has filled since 1999. Kehoe, 52, has...

Canada's consumer price index for November and retail sales for October have been released at 8:30 am ET Friday. After these data, the loonie declined against its major counterparts. The loonie was trading at 1.1615 against the greenback, 102.57 against the yen, 1.4278 against the euro and 0.9503...

Blackberry-121914.jpg Canadian smart phone maker BlackBerry Ltd. reported Friday a loss for the third quarter that sharply narrowed from last year, which was weighed down by an hefty inventory write-down and charges. Adjusted earnings per share also topped analysts' expectations, while quarterly revenues missed their estimates. The company also targets sustainable profitability on an adjusted basis in fiscal 2016.

Canada's consumer price index for November and retail sales for October are due at 8:30 am ET Friday. Ahead of these data, the loonie eased from early highs against its major rivals. The loonie was worth 1.1607 against the greenback, 102.65 against the yen, 1.4256 against the euro and 0.9486 against...

The U.S. dollar was higher against its major rivals in European deals on Friday, amid diverging monetary policy of the Federal Reserve, with that of the central banks of Europe and Japan. While the Fed indicated a tightening stance by mid 2015, the European Central Bank and the Bank of Japan are pursuing...

Canadian smart phone maker BlackBerry Ltd. (BBRY, BB.TO) reported third-quarter GAAP net loss of $148 million or $0.28 per share, narrower than $4.4 billion or $8.37 per share in the comparable quarter last year. The latest-quarter GAAP results included a non-cash charge associated with the change...

The Japanese yen continued its decline against its major rivals in late Asian deals on Friday, after the Bank of Japan governor Haruhiko Kuroda said that impact of sales tax increase is receding and a weak yen would aid global companies to boost their profits. Speaking at the press conference, Kuroda...

Imperial Tobacco Group Plc (IMT.L, ITYBY.PK) has inked a deal in principle with The Flintkote Co., a U.S. company formerly engaged in the production and sale of asbestos-containing products, for $575 million for claims regarding certain disputed dividends and existing and potential asbestos claims. The...

The Canadian dollar extended gain against most major currencies in the Asian session on Friday, as commodity currencies got a boost after the Federal Reserve provided an upbeat assessment for the U.S. economy and said it would remain "patient" in its approach to raise interest rates. Oil prices rebounded,...