Canadian News

Share SHARE

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...

BMO Bank of Montreal (BMO.TO, BMO) said it is making an additional C$2 billion in credit available to women-owned businesses across Canada over the next three years. Steve Murphy, Head of Commercial Banking, BMO Bank of Montreal, said, "We're here to help, making more of our balance sheet available...

The U.S. dollar slipped against its major counterparts on Thursday, extending previous session's decline, as soft data from the U.S. overnight fueled worries about the health of world's largest economy. Lower consumer confidence and higher jobless claims, along with an unexpected decline in new home...

Tethys Petroleum Limited (TPL.L, TPL.TO) announced Thursday that its Board of Directors has unanimously resolved to appoint John Bell as the new Executive Chairman, with effect from November 26. Following the appointment, the Executive Committee of the Board now consists of John Bell, Julian Hammond...

The Canadian dollar weakened against the other major currencies in the Asian session on Thursday, as crude oil prices fell after a report showed crude stockpiles in the U.S. increased more than expected last week and with investors focused on the upcoming crucial OPEC meet in Vienna today. Crude...

The Australian dollar strengthened against the other major currencies in the Asian session on Thursday after data showed that total private capital expenditure in Australia climbed in the third quarter of 2014. Data from the Australian Bureau of Statistics showed that total private capital expenditure...

Quinto Real Capital Corp., a Canadian mining exploration company, confirmed that at its annual and special shareholders meeting, the shareholders voted at the majority in favor of all the resolutions set out in the management proxy circular. This includes re-election of members of the company's Board...

Pacific Iron Ore Corp. (POC.V) said it incurred a net loss of C$416,950 or C$0.00 per common share for nine months, compared to a net loss of $277,626 or $0.00 per common share in the first nine months of 2013. Operating expenses increased to $109,606 from $79,565. Further, the firm said it continues...

Metro Inc. has announced the pricing of a private placement offering of C$300 million aggregate principal amount of 3.20 percent Series C Senior Unsecured Notes due December 1, 2021 and C$300 million aggregate principal amount of 5.03 percent Series D Senior Unsecured Notes due December 1, 2044. The...

Revive Therapeutics said its loss for the quarter ended September 30 widened to C$398,588 from last year's C$37,752. The company's research costs totaled C$154,799, compared to no such costs last year. Fabio Chianelli, CEO of Revive Therapeutics, said, "I am very pleased with the clinical, regulatory...

Energy developer EmberClear Corp. (EMB.V) said its net loss for the twelve months ended June 30 narrowed to C$22.8 million from C$47.4 million in the prior year. Included in the net loss is a net impairment charge of C$31.7 million relating to EmberClear's coal properties. Due to continued depressed...