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The Canadian stock market is up in early trade Friday, extending their gains from the previous three sessions. Gold and mining stocks are among the best performing stocks this morning, as gold prices attempt to rebound. Utility stocks are also turning in a strong performance. Markets in Europe are...

Reversing direction, the U.S. dollar declined against the other major currencies in New York morning deals on Friday. The greenback hit a 2-day low of 123.51 against the yen and 4-day low of 1.1113 against the euro, off its previous highs of 124.37 and 1.0920, respectively. The greenback reversed...

Canadian stocks are poised to end the month on a lackluster note Friday, following nice gains in the previous two sessions. The S&P/TSX composite index gained 80.96 points to end Thursday at 14,382.76 The energy sector is in focus with earnings from some big oil producers. TransCanada Corp....

The Canadian continued its downward trading on Friday, as the economy contracted for the fifth consecutive month in May, driven by weakness in manufacturing, mining, quarrying, and oil and gas extraction as well as wholesale trade. Data from Statistics Canada showed that real gross domestic product...

Imperial Oil Limited (IMO.TO, IMO) reported second quarter net income of C$120 million or C$0.14 per share, compared to C$1.2 billion or C$1.45 per share, prior year. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of C$0.58 for the quarter. Analysts'...

Following the release of Canada gross domestic product data for May at 8:30 am ET Friday, the loonie slipped further against its major rivals. The loonie was trading at 14391 against the euro, 0.9495 against the aussie, 95.09 against the yen and 1.3034 against the greenback around 8:31 am ET.

Statistics Canada is set to release Canada gross domestic product data for May at 8:30 am ET Friday. The GDP is seen flat in May, after contracting by 0.1 percent in the previous month. The loonie held steady against its major rivals ahead of the data. The loonie was worth 1.4303 against the euro,...

Gildan Activewear Inc. ((GIL, GIL.TO) reported second-quarter net earnings of $99.4 million or $0.41 per share, compared to $116.0 million or $0.47 per share in the corresponding quarter last year. Adjusted earnings for the latest second quarter were $0.42 per share. On average, 14 analysts polled...

SunOpta Inc. (STKL, SOY.TO) announced it has signed a definitive agreement to acquire Sunrise Holdings (Delaware), Inc., or Sunrise Growers, from an investor group led by affiliates of Paine & Partners LLC. The transaction is valued at approximately $450 million. Headquartered in California, Sunrise...

Enbridge Inc. (ENB.TO, ENB) reported second quarter earnings from continuing operations to common shareholders of C$577 million compared to C$756 million, a year ago. Earnings per common share was C$0.67 compared to C$0.91. The company noted that its second quarter earnings include the impact of a number...

TransCanada Corp. (TRP.TO, TRP) reported second-quarter net income attributable to common shares of C$429 million or C$0.60 per share compared to C$416 million or C$0.59 per share for the same period in 2014. Comparable earnings for second quarter 2015 were C$397 million or C$0.56 per share compared...

The euro extended its early advance against the other major currencies in European deals on Friday, as core consumer prices in the euro area accelerated in July and unemployment rate remained unchanged in June at the lowest level seen since early 2012, igniting hopes that the region's recovery is continuing. Flash...

Fortis Inc. (FTS.TO) reported second quarter net earnings attributable to common equity shareholders of C$244 million, or C$0.87 per share, compared to C$47 million, or C$0.22 per share, for the second quarter of 2014. Excluding the impact of the sale transactions and other one-time items, adjusted net...

The Australian dollar weakened against the other major currencies in the European session on Friday. The Australian dollar fell to a 6-year low of 0.7244 against the U.S. dollar, from an early high of 0.7309. Against the yen and the euro, the aussie dropped to a 3-day low of 90.04 and a 2-day...

The Canadian dollar declined against the other major currencies in European morning deals on Friday, as oil prices fell after OPEC Secretary-General Abdullah El-Badri said the oil producers' cartel is not planning production cuts despite the fall in crude prices over recent months and the prospects of...

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