Business News
Stocks little changed amid mixed U.S. data; loonie surges on solid jobs report
TORONTO - Gains were hard to come by on the Toronto stock market Friday afternoon as commodity stocks weakened in the wake of mixed signals about the health of the U.S. economy. The S&P/TSX composi...
Easing foreign ownership rules to help Canada's satellite industry: report
MONTREAL - The federal government's plan to ease foreign ownership restrictions in Canada's satellite industry would level the playing field for domestic players, DBRS says. "This would remove an i...
Americas Petrogas to raise $7 million in bought deal financing
CALGARY - Americas Petrogas Inc. (TSXV:BOE), a junior Calgary resources company, says it has struck a bought deal with a group of underwriters to issue more than 8.6 million shares at 81 cents each to...
McCoy Q4 loss reduce despite a drop in revenue; looks into global expansion
EDMONTON - McCoy Corp. (TSX:MCB) will continue looking into expanding globally in the year ahead after conducting a strategic review and posting a narrower fourth-quarter loss, the company said Friday...
Retail sales post surprising gain in Feb., raising hopes for rebound; some analysts cautious
WASHINGTON - There was a surprising increase in U.S. retail sales in February, a month notable for the snowstorms that buried major eastern cities and shut down the government bureaucracy in Washingto...
Stella-Jones reports drop in fourth-quarter profit
MONTREAL - Stella-Jones Inc. (TSX:SJ) expects the economic recovery as well as acquisitions to generate stronger results this year despite a slump in fourth-quarter profits, the manufacturer of railwa...
Oil dips under $81 as mixed economic reports temper earlier enthusiasm
NEW YORK - Oil prices rose above US$83 and then fell below US$81 on Friday following mixed economic reports that kept investors on edge about the outlook for improving energy demand. By early after...
High Arctic's fourth-quarter loss cut more than half despite reduced revenue
RED DEER, Alta. - High Arctic Energy Services Inc. (TSX:HWO) saw its fourth-quarter and full-year results improve despite lower revenues, the financially struggling oilfield equipment and services com...
Agrium walks away from CF, making good on vow not to overpay for U.S. firm
CALGARY - Agrium Inc. will keep hunting for opportunities to grow its business, the chief executive of the Canadian fertilizer giant said Friday, expressing no regrets over his firm's decision to walk...
Agrium stock soars after it abandons hostile US$5.5B bid for CF Industries
CALGARY - Shares of Agrium Inc. are soaring a day after the fertilizer giant said it would walk away from its year-long hostile pursuit of a U.S. rival. The Calgary-based company's stock was up 6.6...
