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Canadian National Railway Company (CNR.TO, CNI) has sent a letter to the board of Kansas City Southern (KSU) regarding its proposal to acquire KCS in a cash-and-stock deal. CN stated that it is confident that the Surface Transportation Board will not subject the company's proposal to any different standard...

The euro was higher against its major counterparts in the European session on Thursday, after the European Central Bank left its key interest rates unchanged and said that the increased bond buying will continue to be conducted during the current quarter. The Governing Council maintained the main...

Canadian shares are likely to open lower Thursday morning, weighed down by weak crude oil and bullion prices.

Precision Drilling Corp. (PDS, PD.TO) reported Thursday that its first-quarter net loss was C$36.11 million or C$2.70 per share, wider than last year's loss of C$5.28 million or C$0.38 per share. Revenue of C$236.47 million was down 38% from C$379.48 million a year ago. On average, analysts polled...

CNOOC Limited (CEO, CNU.TO) reported first quarter total net production of 137.7 million barrels of oil equivalent, an increase of 4.7% year-over-year. Capital expenditure decreased by 5.1% to approximately RMB 16.04 billion as a result of the planned schedule of development projects. During the period,...

The Canadian dollar fell against its most major counterparts in the Asian session on Thursday, as an unexpected build in U.S. crude inventories and the continued surge in coronavirus cases in some parts of the world pushed down oil prices. Crude for June delivery fell $0.23 to $65.09 per barrel. Data...

Canadian Pacific Railway Limited (CP.TO) Wednesday reported first-quarter net income of C$602 million or C$4.50 per share, up from C$409 million or C$2.98 per share last year. Excluding items, Canadian Pacific Railway reported adjusted earnings of C$4.48 per share, up from C$4.42 per share last year. The...

The Canadian stock market closed on a firm note on Wednesday, gaining in strength gradually after some early weakness.

The Canadian stock market, which moved up after a flat start Wednesday morning, briefly slipped into negative territory again before regaining some lost ground. The market is modestly higher about an hour past noon, led by gains in healthcare shares.

Shares of American-Canadian company Lions Gate Entertainment Corp. (LGF-A) are trading 8 percent down on Wednesday despite there being no company announcement or any other news to affect the stock movement. The company will report its first-quarter earnings on May 20. On average, 6 analysts polled...

The Canadian dollar appreciated against its major counterparts in the New York session on Wednesday, after the Bank of Canada left its key rate unchanged and trimmed its asset purchase programme reflecting the progress in the economic growth. The BoC kept its key rate unchanged at 0.25 percent, as...

As expected, the Bank of Canada maintained the benchmark rate at 0.25 percent. The loonie advanced against its major rivals after the decision. The loonie was trading at 1.5100 against the euro, 86.05 against the yen, 0.9704 against the aussie and 1.2562 against the greenback around 10:04 am ET.

At 10:00 am ET Wednesday, the Bank of Canada announces decision on interest rates. Economists forecast the benchmark rate to remain at 0.25 percent. The loonie dropped against its major rivals before the decision. The loonie was worth 1.5168 against the euro, 85.60 against the yen, 0.9745 against...

CN (CNR.TO, CNI) has submitted to the Surface Transportation Board a prefiling notification of its intent to file an application seeking authority to combine with Kansas City Southern (KSU). The notice also confirmed that CN intends to seek approval of the voting trust in the coming days. The company...

After the release of Canada consumer inflation for March at 8:30 am ET Wednesday, the loonie changed little against its major counterparts. The loonie was trading at 1.5146 against the euro, 85.67 against the yen, 0.9740 against the aussie and 1.2613 against the greenback around 8:31 am ET.

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