Business Canada

  • SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0330 GMT. AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 2350 GMT. CHARLESTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook,...

  • SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0330 GMT. AUCKLAND, New Zealand- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic events and monetary policy before the CFA Society, New Zealand Luncheon- 2350 GMT. CHARLESTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook,...

  • TORONTO, Sept 30- Canada's main stock index fell on Friday as this week's rally in energy stocks paused and gold stocks retreated as concerns about the health of Germany's biggest bank eased. The Toronto Stock Exchange's S&P/TSX composite index ended down 28.57 points, or 0.19 percent, at 14,725.98. "We are seeing industrial stocks in both Canada and the U.S. being...

  • NEW YORK, Sept 30- The euro recovered from a nine-day low against the U.S. dollar on Friday on reduced concerns surrounding Deutsche Bank's health, while the greater calm over Germany's biggest lender pressured the safe-haven yen and Swiss franc. The immediate cause of the Deutsche crisis is a fine, disputed by the bank, of up to $14 billion by the U.S. Department of...

  • With clear signs of cooling in Vancouver real estate, the most expensive market, and only Toronto still booming, some economists are braced for a hit to construction and real estate, which they warn could trickle into other sectors as consumers pull back. "It's one weakness replacing another," said Paul Ashworth, chief North America economist at Capital Economics.

  • WELLINGTON/ WINNIPEG, Sept 30- New Zealand is closely watching changes in how Canada prices dairy products, New Zealand's trade ministry said on Friday, as industry groups in several countries complain of unfair Canadian competition. Canada's dairy farmers and processors, which include Saputo Inc and Parmalat Canada, struck a pricing agreement in July that...

  • NEW YORK, Sept 30- The euro erased losses against the dollar after hitting a nine-day low on Friday on reduced concerns surrounding Deutsche Bank's health, while the greater calm over Germany's biggest lender also pressured the safe-haven yen and Swiss franc. The immediate cause of the Deutsche crisis is a fine, disputed by the bank, of up to $14 billion by the U.S....

  • BUENOS AIRES/ TORONTO, Sept 30- A judge in Argentina ruled that Barrick Gold Corp's operations at its Veladero mine would remain suspended, saying repairs were insufficient to reopen it after a leak of processing solution containing cyanide earlier this month. Judge Pablo Oritja's decision was based on a report from mining police in San Juan province that...

  • TORONTO, Sept 30- Canada's main stock index turned barely lower in morning trade on Friday as materials and energy stocks slipped, offset by small gains for banking and industrial stocks after data showed surprisingly strong economic growth in July. The Toronto Stock Exchange's S&P/TSX composite index is on track for an almost 5 percent gain in the third...

  • BUENOS AIRES, Sept 30- A judge in Argentina ruled to keep Barrick Gold Corp's operations at Veladero mine suspended, saying repairs were not sufficient to reopen it after a leak of processing solution containing cyanide earlier this month. Judge Pablo Oritja's decision was based on a report from mining police in San Juan province that found the Toronto- based...

  • OTTAWA, Sept 30- The Canadian economy got off to a stronger-than-expected start in the third quarter, fueled by a rebound in oil and gas extraction that had been disrupted by wildfires in Alberta earlier this year. Friday's report from Statistics Canada reinforced expectations that the economy recovered in the third quarter and likely provided room for the...

  • OTTAWA, Sept 30- The Canadian economy got off to a stronger-than-expected start in the third quarter, fueled by a rebound in oil and gas extraction that had been disrupted by wildfires in Alberta earlier this year, data from Statistics Canada showed on Friday. The report will likely reinforce expectations that the economy recovered in the third quarter after...

  • BUENOS AIRES, Sept 30- A judge in Argentina ruled on Friday to keep Barrick Gold Corp's operations at Veladero mine suspended, saying repairs were not sufficient to reopen it after a leak of processing solution containing cyanide earlier this month. A Barrick representative in Argentina said the company had not been notified of the decision.

  • *Oil price slide hits group's profits, prompts capex, job cuts. KUALA LUMPUR/ MILAN, Sept 30- Malaysian state oil firm Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian liquefied natural gas plant, three people familiar with the matter said this week. Petronas was given the go-ahead for the C $36 billion project by the...

  • FRIDAY, SEPTEMBER 30 DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated Q&A session before the Stemmons Corridor Business Association 35th Annual Meeting- 1700 GMT. Treasury Secretary Lawrence Summers speak at a seminar, hosted by the Bank of Japan and the Bank of Canada, on financial and price stability-...

  • TORONTO, Sept 29- Bargain-basement prices for carbon emissions in the cap-and-trade market shared by California and Quebec are unlikely to get much of a lift from Ontario's pending inclusion in the plan, policymakers for the three jurisdictions said on Thursday. California posted disappointing results last month from an auction of carbon permits under the...

  • SEATTLE— A new study finds that unusually warm Pacific Ocean temperatures helped cause a massive bloom of toxic algae last year that closed lucrative fisheries from California to British Columbia and disrupted marine life from seabirds to sea lions. The outbreak of the toxin domoic acid, the largest ever recorded on the West Coast, closed razor clam seasons in...

  • TORONTO, Sept 29- Canada's main stock index rose on Thursday to a one-week high as energy stocks added to sharp gains from one day before on a surprise output cut agreement by OPEC. Suncor Energy Inc rose 2.3 percent to C $36.41 and Canadian Natural Resources Ltd advanced 2.4 percent to C $42.14. The oil patch has been "thrown a bone" by the output cut, said Rick Hutcheon,...

  • TORONTO, Sept 29- Bargain-basement prices for carbon emissions in the cap-and-trade market shared by California and Quebec are unlikely to get much of a lift from Ontario's pending inclusion in the plan, policymakers for the three jurisdictions said on Thursday. California posted disappointing results last month from an auction of carbon permits under the...

  • NEW YORK, Sept 29- The U.S. dollar hit a more than one-month low against the Swiss franc and trimmed gains against the yen on Thursday on concerns over Deutsche Bank, while increased expectations for a December Federal Reserve rate hike kept the greenback generally afloat. U.S.-listed shares of Deutsche Bank, which is fighting a $14 billion U.S. demand to settle...