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Nordex Explosives Ltd. (NXX.V) reported nine-month net income after tax of C$690 thousand, an increase of 132.5% from the prior year comparable period. Year to date revenue was C$14.8 million, an increase of 16.4% from last year. Third-quarter net income after tax was C$110 thousand. Revenue for the...

The Canadian dollar continued yesterday's slide in early European deals on Friday, as oil prices plunged after oil cartel OPEC agreed to leave oil production quotas unchanged at its meeting in Vienna. Crude for January delivery fell $5.04 to $68.65 per barrel. The OPEC members, at their meeting...

Feronia Inc. (FRN.V) said it has appointed Frank Braeken as an independent director of the company. Braeken has extensive experience in the Fast Moving Consumer Goods sector, including 26 years with Unilever where he lived and worked in nine countries on four continents. Feronia operates large-scale...

Kalimantan Gold Corporation Limited (KLG.L, KLG.V) Friday reported that it incurred a comprehensive loss for the nine months ended September 30 of $493,900, compared to last year's loss of $131,579. The Company earned management fees of $47,388 for the period, compared to $548,710 a year ago. The...

Enbridge Inc. (ENB, ENB.TO) announced that it agreed to purchase an 80 percent interest in a portfolio of two wind farms in the U.S. from E.ON. The agreed enterprise value for the portfolio is about US$650 million. The 203 megawatt or MW Magic Valley 1 wind farm located near Harligen, Texas and the...

The U.S. dollar strengthened against the other major currencies in the Asian session on Friday. The U.S. markets were closed on Thursday for Thanksgiving Day. Trading activity remained light due to the holiday but has picked up since the opening of the Asian session this morning. The news that OPEC...

The Japanese yen weakened against the other major currencies in the Asian session on Friday after data showed that the nation's retail sales growth and inflation data slowed in October. Data from the Ministry of Economy, Trade and Industry of Japan showed that retail sales growth in Japan slowed in...

Methanex Corp. (MEOH, MX.TO) announced that its Trinidad operations have been temporarily idled due to an interruption in power supply. The facilities have not been receiving electrical power off the national grid since the morning hours of November 27. The National Gas Company of Trinidad and Tobago...

Pembina Pipeline Corp. (PPL.TO, PBA) said Thursday that it plans to construct a new facility and expand its gas processing capacity at Musreau by 100 million cubic feet per day for an estimated cost of $105 million. Musreau III, which is underpinned by long-term agreements with several area producers,...

The Toronto Stock Exchange's benchmark index closed lower for the second consecutive day on Thursday, as energy stocks lost ground after oil prices tumbled following the decision by the Organization of the Petroleum Exporting Countries to keep its output target on hold. A batch of downbeat U.S. economic...

Canadian stocks are lower Thursday morning, on heavy selling in the energy space following the Organization of Petroleum Exporting Countries deciding not to cut crude oil output. The OPEC members, who met in Vienna today, decided to maintain the cartel's collective production ceiling of 30 million barrels a day, resulting in crude oil futures plunging to their lowest level since May 2010.

stock-market-8_27Nov14.jpg Canadian stocks are set for a weak opening Thursday, led by falling crude oil prices. A batch of downbeat U.S. economic data released on Wednesday may continue to weigh as well. Ahead of the crucial OPEC meeting, crude oil has plunged to a fresh four-year low this morning. Oil ministers of...

Reversing direction, the Canadian dollar edged up against its major rivals in European deals on Thursday. The loonie reversed from early lows of 1.1285 against the greenback and 1.4090 against the euro, advancing to 1.1237 and 1.4028, respectively. The loonie was trading at 104.54 against the yen...

Amarc Resources Ltd. said it has entered into a $1 million loan agreement, dated November 26, with a non-arm's length director and officer of the company. The loan is unsecured, will bear interest at a rate of prime plus 2 percent per annum. It is repayable after one year or earlier on the occurrence...

CYGAM Energy Inc., an emerging oil and gas company with interests in Tunisia and Italy, reported a third-quarter net loss of C$10.5 million or C$0.10 per share that widened from last years C$3.61 million or $0.03 per share. The latest results included some impairment charges and a penalty provision...