http://www.rttnews.comGlobal financial news, market analysis, economics and forex newsen-usFri, 12 Mar 2010 04:15:02 GMTCanada-based Provident Energy Trust (PVX, PVE_UN.TO) on Thursday reported a net loss for the fourth quarter that narrowed from the year-ago period, which included a hefty goodwill impairment charge in the company's upstream business. The latest quarter's results also reflect an increase in natural gas liquid prices. However, funds flow from continuing operations for the quarter declined 7%, while revenues declined 54%.http://www.rttnews.com/ArticleView.aspx?Id=1238504Thu, 12 Mar 2010 02:26:21 GMTCanadian financial services provider Bank of Nova Scotia, or Scotiabank, announced that its affiliate Thanachart Bank Thursday confirmed an agreement to acquire almost 48% of Thailand's Siam City Bank, currently owned by Thailand's Central Bank through the Financial Institutions Development Fund.http://www.rttnews.com/ArticleView.aspx?Id=1237694Thu, 11 Mar 2010 13:13:31 GMTCanada-based integrated tourism company Transat A.T. Inc. on Thursday reported a net loss for the first quarter that narrowed from last year as lower operating costs helped offset a 9.7% decline in revenues due to lower selling prices and volumes. The latest quarter's results also reflect higher one-time gains compared to the year-ago period. Excluding items, loss for the quarter widened from the prior-year period. Looking ahead, the company forecasts a loss for the second quarter.http://www.rttnews.com/ArticleView.aspx?Id=1237659Thu, 11 Mar 2010 13:04:42 GMTThe Australian dollar that weakened against its major counterparts in early Asian deals on Thursday on dismal domestic jobs data, recouped its losses in late trading. The aussie recovered from 2-day lows against the greenback, euro and the loonie.http://www.rttnews.com/ArticleView.aspx?Id=1237151Thu, 11 Mar 2010 07:14:13 GMTQuebecor Inc., a holding company with a 54.7% interest in Canada's largest media group Quebecor Media Inc., Wednesday, reported a profit for the fourth quarter of fiscal 2009, compared with a loss last year, which included a significant charge due to the impairment of goodwill and intangible assets. On adjusted basis, the company reported higher income from continuing operating activities for the quarter.http://www.rttnews.com/ArticleView.aspx?Id=1236261Wed, 10 Mar 2010 14:21:20 GMTCanadian mining company Minco Gold Corp. (MMM.TO) (MGH) Tuesday announced it has discovered a large gold zone on its Oujiaba property, within the Yangshan Gold Belt, Gansu Province of the People's Republic of China.http://www.rttnews.com/ArticleView.aspx?Id=1234794Tue, 09 Mar 2010 16:06:28 GMTCanadian financial services provider Bank of Nova Scotia (BNS, BNS.TO), or Scotiabank, reported Tuesday an increase in first-quarter profit, helped by higher net interest income, an increase in net gains on securities as well as strong trading results.http://www.rttnews.com/ArticleView.aspx?Id=1234580Tue, 09 Mar 2010 13:35:30 GMTCanada-based mining company Northgate Minerals Corp. (NXG, NGX.TO) on Tuesday reported a net loss for the fourth quarter, compared to a profit in the year-ago period. The latest quarter's results were negatively impacted by impairment charges and negative hedging adjustments. Excluding items, adjusted earnings per share for the quarter topped analysts' expectations. http://www.rttnews.com/ArticleView.aspx?Id=1234514Tue, 09 Mar 2010 13:08:04 GMTOil and gas operating firm Pengrowth Energy Trust (PGH, PGF_UN.TO) reported a 66% decline in fourth-quarter profit, as revenues slipped over 8% from last year, the company's administrator Pengrowth Corp. said late Monday.http://www.rttnews.com/ArticleView.aspx?Id=1234045Tue, 09 Mar 2010 07:23:44 GMTU.S. regulators on Monday fined British oil giant BP plc (BP, BP.L) $3.04 million, citing safety problems at the company's refinery in Toledo, Ohio. http://www.rttnews.com/ArticleView.aspx?Id=1233811Mon, 09 Mar 2010 01:57:35 GMTCanada-based Quadra Mining Ltd. on Monday reported a profit for the fourth quarter compared to a loss in the year-ago period, boosted by higher copper prices and higher metal sales volumes. The company also said it will form a joint venture with a subsidiary of Chinese utility company State Grid Corp. of China to develop and operate Quadra's Sierra Gorda copper project and Franke Mine in Chile.http://www.rttnews.com/ArticleView.aspx?Id=1233103Mon, 08 Mar 2010 13:52:11 GMTCanadian engineering and construction group SNC-Lavalin Group Inc., Friday reported an increase in fourth quarter profit on the backdrop of contributions from investments made in Power, Chemicals & Petroleum and Infrastructure Concession businesses, offsetting declines in quarterly revenues. The company also said it expects 2010 net income to be as high or higher than 2009.http://www.rttnews.com/ArticleView.aspx?Id=1231879Fri, 05 Mar 2010 16:14:03 GMTRapidly expanding coffee and doughnut chain Tim Hortons Inc. on Friday forecast an increase in earnings for 2010. Beyond 2010, the company, which is an instistution in Canada and Western New York, expects to achieve earnings per share growth of 12%-15% on a compound annual average growth rate basis from 2011 to 2013. The company also expects to open about 900 new locations in North America over the next three years, including 600 in Canada and 300 in the U.S.http://www.rttnews.com/ArticleView.aspx?Id=1231676Fri, 05 Mar 2010 13:04:09 GMTDuring early European deals on Friday, the Canadian dollar showed mixed trading against its major counterparts. While the loonie declined against the Australian dollar and the yen, it pared gains against the U.S. dollar. On the other hand, the loonie recovered against the euro.http://www.rttnews.com/ArticleView.aspx?Id=1231466Fri, 05 Mar 2010 09:46:56 GMTCanadian silver mining company Silver Wheaton Corp. (SLW, SLW.TO) on Thursday reported a profit for the fourth quarter compared to a loss in the year-ago period, as sales more than tripled from last year. The company's silver equivalent production for the quarter rose 77%, while average realized prices surged 69%. Looking ahead to fiscal year 2010, the company expects production to increase more than 35% compared to 2009.http://www.rttnews.com/ArticleView.aspx?Id=1231136Thu, 05 Mar 2010 00:43:48 GMTTD Bank Financial Group, comprised of Toronto-Dominion Bank and its subsidiaries, reported Thursday a sharp increase in first-quarter profit, reflecting strong earnings in retail business in Canada and Wholesale Banking as well as a solid performance from the U.S. banking business.http://www.rttnews.com/ArticleView.aspx?Id=1230504Thu, 04 Mar 2010 14:24:28 GMTCanadian Natural Resources Limited (CNQ, CNQ.TO) reported Thursday a sharp decline in profit for fiscal 2009, reflecting mainly the absence of prior year's hefty risk management gain. On an adjusted basis, earnings dropped 4%, despite higher revenues. The Calgary, Canada-based crude oil and natural gas explorer also issued first quarter and fiscal 2010 production forecast, and announced a 43% sequential increase in quarterly cash dividend.http://www.rttnews.com/ArticleView.aspx?Id=1230218Thu, 04 Mar 2010 12:21:56 GMTSXC Health Solutions Corp. Thursday reported a sharp increase in fourth-quarter profit, helped by higher revenues from the pharmacy benefit management division and lower expenses. The Lisle, Illinois-based company's fourth-quarter net income increased to US$15.19 million or US$0.49 per share from US$4.95 million or US$0.20 per share in the previous year. Further, the company guided 2010 earnings within analysts' expectations and projected revenues above estimates.http://www.rttnews.com/ArticleView.aspx?Id=1230165Thu, 04 Mar 2010 12:02:47 GMTRoyal Bank of Canada Wednesday reported higher profit for the first quarter, aided by improved results from most segments and lower provision for credit losses. For the first quarter ended January 31, the company's net income increased to C$1.497 billion from C$1.110 billion in the first quarter of the previous year, reflecting the general improvement in market and economic conditions. Net income available to common shareholders improved to C$1.433 billion from C$1.069 billion.http://www.rttnews.com/ArticleView.aspx?Id=1228619Wed, 03 Mar 2010 12:07:10 GMTFinancial services provider Canadian Imperial Bank of Commerce, or CIBC, Tuesday announced the acquisition of a minority interest in Bermuda-based Bank of N.T. Butterfield & Son Limited.http://www.rttnews.com/ArticleView.aspx?Id=1228322Wed, 03 Mar 2010 07:31:47 GMTBank of Montreal on Tuesday reported a profit for the first quarter that almost tripled from the year-ago period, reflecting a 24% increase in revenues and lower provision for credit losses. The quarter's results were boosted by strong operational results at Canadian personal and commercial banking group, offsetting a drop in profits from U.S. banking operations.http://www.rttnews.com/ArticleView.aspx?Id=1227390Tue, 02 Mar 2010 14:12:09 GMTUndeterred by the definitive agreement that Terra Industries Inc. last month entered into with Yara International ASA, CF Industries Holdings, Inc. Tuesday offered to acquire the nitrogen products maker for $37.15 in cash and 0.0953 of a share of its common stock for each Terra share. The offer has a total value of $47.40 per share based on CF's closing price on March 1 and is reportedly worth about $4.7 billion. Following the news, Terra shares are up over 12% in pre-market activity.http://www.rttnews.com/ArticleView.aspx?Id=1227258Tue, 02 Mar 2010 13:10:56 GMTUndeterred by the definitive agreement that Terra Industries Inc. last month entered into with Yara International ASA, CF Industries Holdings, Inc. Tuesday offered to acquire the nitrogen products maker for $37.15 in cash and 0.0953 of a share of its common stock for each Terra share. The offer has a total value of $47.40 per share based on CF's closing price on March 1 and is reportedly worth about $4.7 billion. Following the news, Terra shares are up over 12% in pre-market activity.http://www.rttnews.com/ArticleView.aspx?Id=1227258Tue, 02 Mar 2010 13:10:56 GMTDuring early European deals on Tuesday, the Canadian dollar showed mixed trading against major currencies as investors look forward to the Bank of Canada's interest rate decision, which is due at 9:00 am ET. http://www.rttnews.com/ArticleView.aspx?Id=1226826Tue, 02 Mar 2010 08:47:45 GMTInternet gaming software developer CryptoLogic (CRYP, CRP.L, CRY.TO, CXY.TO) Tuesday said fourth-quarter loss narrowed from the previous year, helped by lower expenses, despite a fall in revenues.http://www.rttnews.com/ArticleView.aspx?Id=1226751Tue, 02 Mar 2010 07:44:22 GMTCanada-based print, digital and related services provider World Color Press Inc. (WC.TO), which is in agreement to be acquired by privately held Quad/Graphics, Inc., reported Monday a profit in its fourth quarter. The company had reported a hefty loss in the same quarter previous year affected by impairment charge. The company noted that its volumes were affected by challenging global economic environment.http://www.rttnews.com/ArticleView.aspx?Id=1225731Mon, 01 Mar 2010 13:52:12 GMTGlobal Mining giant Rio Tinto Ltd./Plc. (RTP, RIO.AX, RIO.L) announced Sunday that it has agreed to acquire a further 15 million shares in Canadian mining company Ivanhoe Mines Ltd. (IVN, IVN.TO) for C$244.7 million. Rio Tinto has now boosted its stake in Ivanhoe to 22.4% at a subscription price of C$16.31 per share, from 19.7% it already held. Following the completion of this acquisition, Rio Tinto will currently own 98.6 million shares of Ivanhoe Mines.http://www.rttnews.com/ArticleView.aspx?Id=1224960Sun, 01 Mar 2010 02:59:38 GMTTissue and paper products company Cascades Inc. (CAS.TO) on Friday reported a wider loss for the fourth quarter of fiscal 2009, hurt primarily by lower sales from all businesses, higher impairment and restructuring costs and wider foreign exchange loss.http://www.rttnews.com/ArticleView.aspx?Id=1224179Fri, 26 Feb 2010 12:47:04 GMTSpecialty pharmaceutical company Biovail Corp. (BVF, BVF.TO) Thursday reported a sharp decline in profit for the fourth quarter, despite a 33% growth in revenues, impacted by lower income tax benefit as compared to the year ago quarter, and higher expenses. Looking ahead to fiscal year 2010, the company sees reported and cash earnings to be below 2009 levels, primarily due to the significant investments being made in support of its future growth.http://www.rttnews.com/ArticleView.aspx?Id=1222947Thu, 25 Feb 2010 15:29:35 GMTCanada-based Bombardier Inc.'s division Bombardier Aerospace, Thursday, announced the signing of a firm purchase agreement by airline Republic Airways Holdings Inc. to buy Bombardier's 40 CS300 jetliners. Based on the list price, the contract is valued at approximately US$3.06 billion.http://www.rttnews.com/ArticleView.aspx?Id=1222943Thu, 25 Feb 2010 15:25:01 GMT