Business News
Cameco Q1 profit more than doubles to $133M on higher prices, volumes
SASKATOON - Cameco Corp. (TSX:CCO) says its first-quarter profit more than doubled to $133 million, boosted by higher uranium prices, but warned Tuesday that there could be more delays at two of its p...
Worst part of multiyear restructuring over, says George Weston Ltd. chairman
TORONTO - For George Weston Ltd. (TSX:WN), the worst part of its multiyear restructuring plan at Loblaw (TSX:L) is over and consumers can now look forward to improved service, chairman W. Galen Weston...
Hydro-Quebec raises $500 million in issue of debentures due 2045
MONTREAL - Hydro-Quebec has signed a deal to raise $500 million in an issue of debentures maturing on Feb. 15, 2045, the provincial utility said Tuesday. The debentures will have a coupon of five p...
China's big earthquake seen as having a limited impact on booming economy
SHANGHAI, China - The earthquake that ripped through China's Sichuan province, killing more than 12,000 people, crumpling roads and factories and disrupting power and communication, will be only a tra...
B.C. mining profits faded by almost half in 2007, still 'very positive: PwC
VANCOUVER - Last year's lower coal prices and reduced shipment volumes led to a 48 per cent drop in profit for the British Columbia mining industry on a 16 per cent revenue decline. A report from c...
Iran report pushes oil to new record, gas jumps above US$3.73
NEW YORK - Oil prices shot to a new record near US$127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. U.S. gas prices, meanwhile, rose to a new record over $3.73 ...
Silver Wheaton buys 75 per cent of Farallon's Campo Morado production for $80M
VANCOUVER - Silver Wheaton Corp. (TSX:SLW) has agreed to buy 75 per cent of the production from Farallon Resources Ltd.'s (TSX:FAN) Campo Morado property in Mexico for about US$80 million. Under th...
TSX declines on soft energy stocks;NY weak on retail data, oil spikes
TORONTO - The Toronto stock market faltered a day after running ahead to new record highs, as bullion prices moved lower and energy stocks failed to respond to another spike in the price of oil. Ne...
Rona shares sink to five-year low as weak consumer confidence punishes Q1 earnings
MONTREAL - Shares of Canadian home renovation leader Rona Inc. (TSX:RON) sank to their lowest level in five years Tuesday after weak consumer confidence and a slowdown in new home construction punishe...
Bank of America customers under significant economic pressure
CHARLOTTE, N.C. - Bank of America Corp., the second-largest bank in the United States, reported rising credit costs Tuesday, as it continues to wade through a challenging economic cycle. The Charlo...
Lottery results for Tue, May 13
