Canadian stocks snapped a four-day gain to end lower Thursday, tracking declining global equity markets after some weak manufacturing data out of China, and the U.S. Federal Reserve's stand on its monetary policy. Global markets roiled after Japan's Nikkei plunged to its lowest since the devastating...
Snapping their four-session winning streak, Canadian stocks were lingering deep in the red Thursday morning amid concerns that the Federal Reserve might scale down its stimulus program if labor market improves. Meanwhile, energy prices were under pressure after China's manufacturing activity deteriorated...
Bay Street stocks dived at open Thursday amid selling across a variety of sectors, even as gold stocks move higher. The S&P/TSX Composite Index lost 133.09 points or 1.04 percent to 12,619.43.
The Diversified Materials Index was down nearly 4 percent, with First Quantum Minerals (FM.TO) losing just...
Canadian lender TD Bank Group on Thursday reported a 2 percent increase in profit for the second quarter, reflecting loan and deposit growth at its U.S. as well as Canadian personal and commercial banking segments. The company also recorded higher trading-related revenue in the quarter. The bank is the first among Canada's big banks to report earnings for the latest quarter.
Canadian stocks may struggle to sustain recent gains at open Thursday amid concerns that the Federal Reserve might scale down its stimulus program if labor market improves. Meanwhile, energy prices were under pressure after China's manufacturing activity deteriorated for the first time in nearly eight...
Amendment: Removes third paragraph referring to analysts consensus.
Canadian lender TD Bank Group (TD, TD.TO) reported second-quarter net income of C$1.72 billion, higher than C$1.69 billion in the prior year. Meanwhile, earnings per share remained flat at C$1.78.
Adjusted earnings for the recent...
Canadian stocks ended higher for a fourth straight session Wednesday, led by materials and gold stocks after the U.S. Federal Reserve said it would continue a policy of aggressive easing until the unemployment rate in the country improved. Meanwhile, U.S. Federal Reserve Chief Ben Bernanke's remarks...
Canadian stocks were extending gains for a fourth session Wednesday morning amid buoying in metal stocks. Traders await anxiously for Federal Reserve Chairman Ben Bernanke to testify on the outlook for the U.S. economy before the Joint Economic Committee of Congress. Nonetheless, comments from two Federal...
Logan International Inc. (LII.TO) announced that its board has undertaken a process to identify, examine and consider strategic alternatives available to maximize value for shareholders, which includes seeking proposals from potential buyers.
Simmons & Company International has been engaged as the...
Toronto stocks moved up at open Wednesday amid buying in metal stocks, with the S&P/TSX Composite Index adding 64.81 points or 0.51 percent to 12,807.24.
The Diversified Materials Index rose over 1 percent, with First Quantum Minerals (FM.TO) and Teck Resources (TCK_B.TO) gaining nearly 2 percent...
Canadian stocks are poised for a marginally higher open Wednesday amid mixed commodities and varied cues from the global equity markets as traders await anxiously for Federal Reserve Chairman Ben Bernanke to testify on the outlook for the U.S. economy before the Joint Economic Committee of Congress....
Canada's retail sales were flat in March following 0.8 percent growth recorded in February, Statistics Canada said in a report on Wednesday.
The Canadian dollar edged lower against its major counterparts after the report. As of 8:35 am ET, the loonie was trading at 1.0309 against the greenback, 99.95...
Canada is set to release its retail sales report for March at 8:30 am ET. Retail sales growth are expected to have slowed to 0.1 percent month-on-month in March following 0.8 percent growth recorded in February. Stripping out autos, sales are expected to ease to 0.1 percent from last month's 0.7 percent...
Multi-channel retailer Sears Canada Inc. (SCC.TO), Wednesday reported net loss of C$31.2 million or C$0.31 compared to net earnings of C$93.1 million or C$0.91 per share during the same quarter last year, which included a pre-tax gain of C$164.3 million. Excluding the gain from lease terminations, the...
Afferro Mining Inc. (AFF.L, AFF.V) and International Mining & Infrastructure Corporation plc (IMIC.L) announced that they have agreed terms in-principle for the proposed acquisition of Afferro by IMIC, subject to the completion of relevant documentation including satisfactory final financing arrangements,...