Business News
Energy stocks lead TSX higher, inventory data sends crude prices higher
TORONTO - The Toronto stock market pushed higher Wednesday morning, helped along by a sharp rise in oil prices following the release of the latest crude inventory levels in the U.S The S&P/TSX comp...
Wholesale inventories drop 0.2 pct in January while sales advance for 10th month
WASHINGTON - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cauti...
SNC-Lavalin to engineer crude oil facilities at Venezuela's state-owned oil firm
MONTREAL - SNC-Lavalin has nabbed a new contract to provide conceptual engineering for crude oil facilities at Venezuela's state-owned oil company, Petroleos de Venezuela S.A. The Montreal-based en...
Mining stocks boost Toronto stock market; inventories data helps lift N.Y.
TORONTO - Telecom and base metal stocks helped push the Toronto stock market higher Wednesday morning. The S&P/TSX composite index advanced 40.8 points to 11,959.6. The TSX has been lower all week ...
Terra says it favours CF acquisition bid, rebuffs Norwegian suitor
CALGARY - CF Industries has achieved a major coup that may end a long-standing standoff and help it resist a hostile takeover by Canadian fertilizer giant Agrium Inc. Illinois-based CF Industries (...
Government infrastructure dollars created 70,000 in Ontario, Conference Board says
OTTAWA - A new report suggests that government infrastructure spending did generate a significant number of jobs last year. The Conference Board of Canada says federal and provincial stimulus on in...
Dorel Industries Q4 profit rises 26 per cent to $24.2 million
MONTREAL - Dorel Industries Inc. (TSX:DII.B), the Montreal-based maker of car safety seats for children, furniture and bicycles, says it experienced double-digit growth in sales and profit during the ...
Commodity stocks, earnings take TSX higher; oil down, gold rises
TORONTO - The Toronto stock market advanced Wednesday morning amid rising commodity stocks and earnings from the tech and media sectors. The S&P/TSX composite index was up 27.7 points to 11,946.4 a...
OPEC boosts 2010 oil demand forecast by 100,000 b/d, ties growth to global recovery
CAIRO, Egypt - World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said Wednesday, revising up its previous month's forecast while cautioning that the increase is hinged on ...
Commodity stocks could lift TSX at the open; N.Y. markets look to open little changed
TORONTO - The Toronto stock market could be in for a slightly higher open after two days of losses as oil and metal prices rose. The Canadian dollar was ahead 0.09 of a cent to 97.52 cents US., its...
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