Business Canada

  • WINNIPEG, Manitoba, Aug 26- Wheat futures traded in Chicago dropped to their lowest prices in nearly a decade on Friday, pressured by ample supplies. The Chicago Board of Trade most-active December wheat dropped 15 cents, or 3.5 percent, to $4.08-3/ 4 per bushel at 11:07 a.m. CDT. Technical selling and grain handlers' efforts to move U.S. winter wheat supplies to...

  • WASHINGTON, Aug 26- U.S. economic growth was slightly more tepid than initially thought in the second quarter as businesses aggressively ran down inventories, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said on Friday in its second estimate of GDP. "The very slight downward...

  • Canada's trade minister told Reuters this week that the trade relationship could not progress until the issue is resolved, prompting Beijing to criticize Ottawa for linking the two matters. The sales of the oilseed, which is crushed to produce vegetable oil and animal feed, risk weakening Canada's negotiating stance with China, since they show trade...

  • TORONTO, Aug 26- Canada's main stock index rose on Friday, led by energy and mining stocks as oil and gold prices gained after a speech by Federal Reserve Chair Janet Yellen viewed as supportive of a U.S. interest rate increase. The most influential movers on the index were gold stocks, including Barrick Gold, which rose 2.3 percent to C $24.2, and Franco Nevada Corp, up...

  • ROCHESTER, N.Y.— A United Airlines ExpressJet flight from New Jersey to Toronto had to make an emergency landing in Rochester, New York, just hours after a previous flight carrying the same passengers had to return to the Newark airport. Atlanta- based ExpressJet, a regional affiliate of United, says the passengers had been on another Toronto- bound flight that had...

  • PORTLAND, Maine— Lobster and crab fishermen have baited traps with dead herring for generations, but an effort to find a synthetic substitute for forage fish is nearing fruition just as the little fish are in short supply, threatening livelihoods in a lucrative industry. With about $1 million in funding from the National Science Foundation, a small company has...

  • WINNIPEG, Manitoba, Aug 26- Canadian canola exporters are making small sales of the oilseed to China under Beijing's stricter terms, an industry group and three sources said, despite warnings that a tougher shipping standard would cripple C $2 billion in trade. The dispute over the new standard, which takes effect on Sept. 1, threatens to mar Canadian Prime...

  • PORTLAND, Ore.— A Pacific Northwest tribe is traveling nearly 5,000 miles across Canada and the United States with a 22- foot-tall totem pole on a flatbed truck in a symbolic journey meant to galvanize opposition to fossil fuel infrastructure projects they believe will imperil native lands. This is the fourth year the Lummi Nation in northwest Washington has...

  • OTTAWA, Aug 25- A dispute over C $2 billion worth of Canadian canola exports to China intensified on Thursday when Beijing criticized Ottawa's insistence that bilateral relations could not improve until the matter is settled. "We oppose linking a concrete issue of bilateral trade with China- Canada relations," the Chinese embassy in Ottawa said by email.

  • Jude Medical Inc fell sharply on Thursday after short-selling firm Muddy Waters said it had placed a bet that the shares would fall, claiming its implanted heart devices were vulnerable to cyber attacks. Muddy Waters head Carson Block said the firm's position was motivated by research from a cyber security firm, MedSec Holdings Inc, which has a financial...

  • CALGARY, Alberta _ Antrim Energy Inc. on Thursday reported a second-quarter loss of $2 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Calgary, Alberta- based company said it had a loss of 1 cent. Keywords: Antrim Energy, Earnings Report.

  • *Healthcare pulls Wall Street slightly lower. NEW YORK, Aug 25- Most investors refrained from making big bets on Thursday ahead of the start of a central bankers' meeting in the mountains of Wyoming that could clarify the path of U.S. interest rate policy. Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, but she may struggle to convince...

  • CALGARY, Alberta, Aug 25- A deepwater oilfield off the coast of eastern Canada could hold 25.5 billion barrels of crude, according to a new seismic report by the Newfoundland and Labrador government, potentially making it the country's largest offshore resource. But the West Orphan Basin, 300 km northeast of Newfoundland, may still struggle to attract...

  • *TD adjusted EPS C $1.27 vs average C $1.21 forecast. TORONTO, Aug 25- Toronto-Dominion Bank has made changes to its mortgage underwriting practices in recent years, its chief risk officer said on Thursday, potentially making it more resilient if house prices fall in Vancouver and Toronto. Speaking to investors after the bank reported better-than-expected...

  • MONTREAL/ BRUSSELS, Aug 25- A new global deal on curbing aviation emissions will likely give states the right to opt out of its initial voluntary phases, according to sources familiar with the matter, in a concession to developing countries like aviation powerhouses China and India. The draft resolution, which two of the sources said has broad support, will be...

  • *Healthcare pulls Wall Street slightly lower. NEW YORK, Aug 25- The start of a central bankers' meeting in the mountains of Wyoming, which could clarify the path of U.S. interest rate policy, kept most investors from making big bets on Thursday. Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, when she may struggle to convince financial...

  • OTTAWA, Aug 25- A dispute over Canadian canola exports to China intensified on Thursday when Beijing criticized Ottawa's insistence that bilateral relations could not improve until the matter is settled. "We oppose linking a concrete issue of bilateral trade with China- Canada relations," the Chinese embassy in Ottawa said in an emailed statement.

  • NEW YORK/ LONDON, Aug 25- Gold hit four-week lows on Thursday, under pressure from upbeat U.S. data in the run-up to a speech by Federal Reserve Chair Janet Yellen this week that will be watched for clues on monetary policy. Spot gold was down 0.1 percent at $1,322.26 an ounce December delivery settled down 0.4 percent at $1,324.60. Yellen may signal a firm commitment...

  • Aug 25- The stock of pacemaker manufacturer St Jude Medical Inc fell sharply on Thursday after short-selling firm Muddy Waters said it had placed a bet that the shares would fall because of cyber security vulnerabilities in the company's cardiac devices. Muddy Waters head Carson Block said his short position in St Jude was motivated by research from a cyber...

  • Shares of the company, which posted its first fall in quarterly total sales in more than six years, plunged 17.6 percent in early trading to $78.71, their biggest single-day percentage decline since November 2007. Stores in areas closely tied to the energy industry, such as Texas, Louisiana, Oklahoma and Alberta "dramatically underperformed," Chief Executive...