Big Dog 92-7 - Business News

Power Financial Corp. posts $340M Q4 profit; reverses year-ago loss

Thu, 11 Mar 2010 18:00:29 +0000

MONTREAL - Power Financial Corp., whose subsidiaries include Great-West Lifeco Inc. (TSX:GWO) and IGM Financial Inc. (TSX:IGM), reported a big improvement in fourth-quarter earnings Thursday despite a...

TD Bank chief economist Don Drummond to retire in June

Thu, 11 Mar 2010 17:36:24 +0000

TORONTO - TD Bank chief economist Don Drummond plans to retire at the end of June. The bank says Drummond will be succeeded by Craig Alexander, who is currently TD's deputy chief economist. Drummon...

Crescent Point posts fourth-quarter loss on hedging losses

Thu, 11 Mar 2010 17:36:31 +0000

CALGARY - Crescent Point Energy Corp. (TSX:CPG), an oil and gas producer, reported a fourth-quarter loss of $4 million compared to a profit of $361 million in the same quarter of 2008, its results aff...

Kinross takeover offer values Underworld Resources at $139.2 million

Thu, 11 Mar 2010 17:36:27 +0000

TORONTO - Kinross Gold Corp. (TSX:K) is offering to pay a premium to buy the rest of Underworld Resources Inc. (TSXV:UW) in a stock-and-cash deal that values the junior mining company at $139.2 millio...

Transat stock hammered after Q1 loss turns out to be deeper than expected

Thu, 11 Mar 2010 16:59:05 +0000

MONTREAL - Transat A.T. Inc. shares plunged Thursday after the Montreal-based vacation company reported its revenue last quarter was down nearly 10 per cent from a year earlier and revealed that its c...

Stocks little changed as investors continue to digest last week's big advance

Thu, 11 Mar 2010 16:59:02 +0000

TORONTO - The Toronto stock market was little changed late Thursday morning as tech stocks provided lift and commodity stocks recovered from early declines sparked by higher Chinese inflation data. ...

China inflation worries, poor U.S. jobs data depresses stock markets

Thu, 11 Mar 2010 16:00:45 +0000

TORONTO - The Toronto stock market was little changed Thursday, with its main index down a few points in a continuation of what has been a remarkably tame week. The S&P/TSX composite index was down...

January US trade deficit shrinks to $37.3B as imports fall more than exports

Thu, 11 Mar 2010 16:00:53 +0000

WASHINGTON - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic re...

HSBC says data on Swiss bank accounts of 24,000 stolen, exposing to tax probes

Thu, 11 Mar 2010 16:00:51 +0000

GENEVA - Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing large numbers of international clients to prosecution by tax aut...

Equinox Minerals reports Q4 loss on hedging, sees strong revenues from Lumwana

Thu, 11 Mar 2010 15:27:30 +0000

TORONTO - Resource company Equinox Minerals Ltd. reported a fourth-quarter loss Wednesday as it continued to book revenues from the Lumwana copper mine, which began production earlier in the year. ...

Stock markets lower, Chinese inflation data raises growth worries

Thu, 11 Mar 2010 15:27:31 +0000

TORONTO - The Toronto stock market was lower in early trading Thursday as commodity prices weakened amid fresh worries that China will have to slow economic growth in order to control inflation. Th...

Transat AT's Q1 revenue down, company posts $13.9 million loss

Thu, 11 Mar 2010 14:45:16 +0000

MONTREAL - Vacation company Transat A.T. Inc. (TSX:TRZ.A) said Thursday its revenue last quarter was down nearly 10 per cent from a year earlier due to lower selling prices and fewer people travelling...

Stock markets head for weak open as Chinese inflation data raises growth worries

Thu, 11 Mar 2010 14:09:02 +0000

TORONTO - North American stock markets appeared headed for a flat open amid fresh worries that China will have to slow economic growth in order to control inflation. China's inflation rate jumped t...

Housing prices rise for third straight month in January: StatsCan

Thu, 11 Mar 2010 14:09:04 +0000

OTTAWA - The New Housing Price Index rose 0.4 per cent for the third straight month in January. Statistics Canada reports St. John's, N.L., led the way at 1.7 per cent growth, followed by Winnipeg ...

Trade surplus grows as exports up, imports down in January: StatsCan

Thu, 11 Mar 2010 13:50:37 +0000

OTTAWA - Canada's merchandise exports grew 0.5 per cent in January, while imports declined 1.7 per cent. As a result, Statistics Canada reports the country posted a trade surplus with the world of ...