http://www.rttnews.comGlobal financial news, market analysis, economics and forex newsen-usSat, 07 Nov 2009 14:30:06 GMTPublicly owned asset management holding company Brookfield Asset Management, Inc. (BAM, BAM-A.TO) on Friday reported a decline in profit for the third quarter, as revenues dropped from last year. Nevertheless, net earnings and revenues for the quarter came in above Street estimates. The company's cash flow from operations for the quarter rose from last year, reflecting higher realization gains due to the partial monetization of power-generation facilities.http://www.rttnews.com/ArticleView.aspx?Id=1121004&Category=Canadian%20NewsFri, 06 Nov 2009 14:53:17 GMTPublicly owned asset management holding company Brookfield Asset Management, Inc. (BAM, BAM-A.TO) on Friday reported a decline in profit for the third quarter, as revenues dropped from last year. Nevertheless, net earnings and revenues for the quarter came in above Street estimates. The company's cash flow from operations for the quarter rose from last year, reflecting higher realization gains due to the partial monetization of power-generation facilities.http://www.rttnews.com/ArticleView.aspx?Id=1121004&Category=Canadian%20NewsFri, 06 Nov 2009 14:53:17 GMTKingsway Financial Services Inc. Friday reported a wider loss for the third quarter of fiscal 2009, hurt by lower net premiums earned and a decline in investment income. The property and casualty insurer said that no dividend will be declared for the third quarter and it is on track to return to profitability in 2010.http://www.rttnews.com/ArticleView.aspx?Id=1121000&Category=Canadian%20NewsFri, 06 Nov 2009 14:49:06 GMTCanadian independent energy company Gran Tierra Energy Inc. (GTE, GTE.TO) Friday reported a net loss for the third quarter compared to a profit in the prior year. Results were affected by lower oil prices, a significant increase in operating costs as well as foreign exchanges losses.http://www.rttnews.com/ArticleView.aspx?Id=1120977&Category=Canadian%20NewsFri, 06 Nov 2009 14:23:33 GMTExtending the long drawn-out acquisition battle, fertilizer maker CF Industries Holdings, Inc. Friday said its board of directors rejected agricultural nutrients maker Agrium Inc.'s latest revised proposal to acquire all outstanding shares of the company. Agrium has been approaching CF with buy-out offers since the beginning of the year, while CF has been trying to purchase rival Terra Industries Inc.http://www.rttnews.com/ArticleView.aspx?Id=1120914&Category=Canadian%20NewsFri, 06 Nov 2009 13:46:34 GMTAirline Air Canada reported Friday a profit for the third quarter compared to a loss in the year-ago quarter, reflecting a significant gain on foreign exchange as well as a decrease in operating expenses on lower fuel expenses. Air Canada said traffic declined 2.1% on a 3.3% cut in capacity, which resulted in a decrease in passenger load factor of 1.0 percentage point.http://www.rttnews.com/ArticleView.aspx?Id=1120858&Category=Canadian%20NewsFri, 06 Nov 2009 13:06:36 GMTCanada's largest energy company Suncor Energy Inc. (SU,SU.TO), after the merger with its rival Petro-Canada, reported its quarterly results Friday, posting higher profit for the third-quarter. However, operating earnings dropped year-over-year, mainly due to lower prices and higher operational expenses in its oil sands segment. The company earned C$929 million for the recent quarter, compared to C$815 million last year. On a per share basis, earnings fell to C$0.74 from C$0.86 a year ago.http://www.rttnews.com/ArticleView.aspx?Id=1120540&Category=Canadian%20NewsFri, 06 Nov 2009 09:27:01 GMTCanada's largest energy company Suncor Energy Inc. (SU,SU.TO), after the merger with its rival Petro-Canada, reported its quarterly results Friday, posting higher profit for the third-quarter. However, operating earnings dropped year-over-year, mainly due to lower prices and higher operational expenses in its oil sands segment. The company earned C$929 million for the recent quarter, compared to C$815 million last year. On a per share basis, earnings fell to C$0.74 from C$0.86 a year ago.http://www.rttnews.com/ArticleView.aspx?Id=1120540&Category=Canadian%20NewsFri, 06 Nov 2009 09:27:01 GMTDuring early Asian deals on Friday, the Australian dollar climbed against its major counterparts as the Reserve Bank of Australia boosted its forecasts for economic growth for the coming year and indicated more interest rate increases are on the way.http://www.rttnews.com/ArticleView.aspx?Id=1120341&Category=Canadian%20NewsFri, 06 Nov 2009 04:48:27 GMTCanadian auto parts supplier Magna International Inc. (MGA, MG.A.TO) on Thursday reported a profit for the third quarter compared to a loss in the year-ago period, helped by restructuring actions and cost-cutting measures. However, revenues for the quarter declined 16% from last year, mainly on lower North American and European vehicle production. The company noted that North American vehicle production increased 32% from the preceding second quarter. Magna's quarterly results come just days after General Motors Co.'s decision to back out of a planned sale of its German unit Adam Opel GmbH to a consortium led by Magna.http://www.rttnews.com/ArticleView.aspx?Id=1120319&Category=Canadian%20NewsThu, 06 Nov 2009 03:49:34 GMTSun Life Financial Inc. (SLF, SLF.TO) reported Thursday a narrower loss for the third quarter, reflecting a significant increase in revenues in its U.S and Canadian operations. The company noted that earnings for the third quarter were negatively impacted by previously announced actuarial assumption updates as well as credit markets. http://www.rttnews.com/ArticleView.aspx?Id=1119230&Category=Canadian%20NewsThu, 05 Nov 2009 13:33:38 GMTCanadian oil and gas investment trust Penn West Energy Trust reported Thursday a profit for the third quarter that plunged from last year, reflecting significant revenue drop amid lower commodity prices and a 6% decline in production. The company also reaffirmed its production outlook for the full year 2009, and provided initial production guidance for fiscal 2010.http://www.rttnews.com/ArticleView.aspx?Id=1118910&Category=Canadian%20NewsThu, 05 Nov 2009 12:10:43 GMTCanadian Natural Resources Ltd. reported Thursday a sharp fall in third-quarter profit due to a plunge in revenues impacted by weak natural gas prices as well as the absence of prior year's hefty risk management gain. The Calgary, Canada-based crude oil and natural gas explorer also provided production forecasts for the fourth quarter and fiscal years 2009 and 2010. Separately, Canadian Natural said its Board of Directors has declared a quarterly cash dividend.http://www.rttnews.com/ArticleView.aspx?Id=1118603&Category=Canadian%20NewsThu, 05 Nov 2009 10:36:37 GMTGoldcorp Inc. (GG, G.TO) on Wednesday reported a 62% fall in net income for the third quarter from last year, hurt by a foreign exchange loss compared to a hefty foreign exchange gain in the year-ago period. Excluding items, adjusted earnings per share for the quarter more than doubled from the prior year and beat analysts' consensus estimate. Looking ahead, the company raised its gold production outlook, while it lowered its outlook for cash costs for the full year. http://www.rttnews.com/ArticleView.aspx?Id=1118150&Category=Canadian%20NewsWed, 05 Nov 2009 01:19:27 GMTCanadian gold mining company Iamgold Corp. (IAG, IMG.TO) Wednesday reported a surge in profit for the third quarter, helped by 13% increase in average realized gold prices as well as lower production costs. On a per-share basis, earnings topped analysts' estimates for the quarter.http://www.rttnews.com/ArticleView.aspx?Id=1117310&Category=Canadian%20NewsWed, 04 Nov 2009 15:33:24 GMTEnergy transportation and distribution company Enbridge Inc. (ENB, ENB.TO) on Wednesday reported a profit for the third quarter that more than doubled from last year, helped by strong results at the company's liquids pipelines and natural gas businesses. On an adjusted basis, quarterly earnings per share rose 75% from the prior-year period. Buoyed by the results, the company raised its adjusted earnings outlook for the full year. http://www.rttnews.com/ArticleView.aspx?Id=1117265&Category=Canadian%20NewsWed, 04 Nov 2009 14:50:03 GMTAgricultural products supplier Agrium Inc. (AGU, AGU.TO) reported Wednesday a sharp decline in third-quarter profit, as sales declined across all business segments hurt primarily by lower selling prices for most products and reduced potash sales volumes.http://www.rttnews.com/ArticleView.aspx?Id=1117131&Category=Canadian%20NewsWed, 04 Nov 2009 13:25:54 GMTAutomaker General Motors Co., which emerged from bankruptcy in July, on Tuesday said that its board has decided to retain its German unit Adam Opel GmbH and British sister brand Vauxhall, citing the improving business environment as well as the brands importance to GM's global strategy. The new GM would now initiate a restructuring of its European operations, which could see total restructuring expenses of about 3 billion euros.http://www.rttnews.com/ArticleView.aspx?Id=1116254&Category=Canadian%20NewsTue, 04 Nov 2009 02:21:36 GMTCanada-based gold mining company Yamana Gold Inc. on Tuesday reported a 60% fall in profit for the third quarter compared with last year, hurt by a loss on commodity derivatives compared to a hefty gain on commodity derivatives in the year-ago period. The company also reported a lower foreign exchange gain for the quarter. Excluding items, adjusted earnings per share more than doubled from a year ago, but missed analysts' consensus estimate by a penny.http://www.rttnews.com/ArticleView.aspx?Id=1116247&Category=Canadian%20NewsTue, 04 Nov 2009 01:58:45 GMTDiversified upstream oil and gas company Talisman Energy Inc. (TLM.TO, TLM) reported Tuesday a sharp fall in third-quarter profit, reflecting significantly lower oil and gas prices as well as prior year hedging gains. Separately, Talisman said it added 170,000 net acres in Pennsylvania Marcellus and the Montney shales through a combination of acquisitions and swaps for C$570 million.http://www.rttnews.com/ArticleView.aspx?Id=1115044&Category=Canadian%20NewsTue, 03 Nov 2009 12:25:18 GMTDuring early deals on Tuesday, the Canadian dollar plunged against its U.S. and Japanese counterparts as oil slipped below $78 per barrel today.http://www.rttnews.com/ArticleView.aspx?Id=1114676&Category=Canadian%20NewsTue, 03 Nov 2009 09:15:20 GMTCanada-based nuclear energy company Cameco Corp. (CCJ, CCO.TO) on Monday reported a 27% increase in profit for the third quarter, helped by lower expenses and higher one-time gains. However, adjusted earnings per share for the quarter declined 18% from the year-ago period due to lower earnings at the company's uranium and gold businesses. For fiscal year 2009, the company maintained its outlook for consolidated revenue growth, but raised its outlook for nuclear electricity revenue and lowered its forecast for gold production. http://www.rttnews.com/ArticleView.aspx?Id=1113707&Category=Canadian%20NewsMon, 02 Nov 2009 14:38:11 GMTPaper manufacturer Domtar Corporation (UFS, UFS.TO) Friday announced preliminary results for the third quarter, reporting a surge in net profit, helped mainly by a refundable excise tax credit. Results also benefitted from lower operating costs. Domtar shares are currently trading up more than 8% on the NYSE and over 10% on the TSX.http://www.rttnews.com/ArticleView.aspx?Id=1112341&Category=Canadian%20NewsFri, 30 Oct 2009 15:55:21 GMTFriday during early deals, the Canadian dollar weakened against its U.S., European and Japanese counterparts as oil prices steadied at below $80 a barrel today, as concern over sluggish economic recovery and energy demand kept investors from pushing prices higher.http://www.rttnews.com/ArticleView.aspx?Id=1111644&Category=Canadian%20NewsFri, 30 Oct 2009 08:15:08 GMTCanada-based insurance holding company Fairfax Financial Holdings Ltd. (FFH, FFH.TO) on Thursday reported a 20% increase in profit for the third quarter from last year, helped by underwriting profit at its insurance and reinsurance operations along with increased interest and dividend income. http://www.rttnews.com/ArticleView.aspx?Id=1111433&Category=Canadian%20NewsThu, 30 Oct 2009 03:30:49 GMTCanadian gold miner Barrick Gold Corp., on Thursday posted a net loss for the third quarter, compared to a profit in the same period last year, reflecting a US$ 5.7 billion charge related to the windup of its gold hedging program. Barrick's adjusted earnings for the quarter, however, rose from last year, helped by higher gold prices and lower cost of sales. The world's biggest gold company also reiterated its production forecast for 2009.http://www.rttnews.com/ArticleView.aspx?Id=1110550&Category=Canadian%20NewsThu, 29 Oct 2009 16:22:04 GMTDiversified mining and metallurgical company Teck Resources Limited (TCK,TCK-A.TO, TCK.B.TO) on Wednesday reported a 44% surge in profit for the third quarter from last year, helped by foreign exchange translation gains on the company's net debt and higher coal sales volumes following the company's purchase of Fording Canadian Coal Trust last year. http://www.rttnews.com/ArticleView.aspx?Id=1109311&Category=Canadian%20NewsWed, 29 Oct 2009 02:09:12 GMTVascular and surgical devices maker Neovasc Inc. (NVC.V) Wednesday reported a narrower loss for the third quarter, reflecting higher sales and a 63% decline in expenses.http://www.rttnews.com/ArticleView.aspx?Id=1108465&Category=Canadian%20NewsWed, 28 Oct 2009 14:53:40 GMTVascular and surgical devices maker Neovasc Inc. (NVC.V) Wednesday reported a narrower loss for the third quarter, reflecting higher sales and a 63% decline in expenses.http://www.rttnews.com/ArticleView.aspx?Id=1108465&Category=Canadian%20NewsWed, 28 Oct 2009 14:53:40 GMTEnterprise content management software provider Open Text Corp. (OTEX, OTC.TO), on Tuesday reported an 88% plunge in profit for the first quarter from last year, hurt by one-time charges that offset a 16% growth in revenues. Excluding one-time items, adjusted earnings per share for the quarter grew 9.4%, and matched analysts' consensus estimate.http://www.rttnews.com/ArticleView.aspx?Id=1107490&Category=Canadian%20NewsTue, 28 Oct 2009 03:40:13 GMT